LXP Industrial Trust (NYSE:LXP) Shares Sold by Strs Ohio

Strs Ohio reduced its holdings in LXP Industrial Trust (NYSE:LXP) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 59,100 shares of the real estate investment trust’s stock after selling 1,600 shares during the period. Strs Ohio’s holdings in LXP Industrial Trust were worth $586,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in LXP Industrial Trust by 8.3% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 345,575 shares of the real estate investment trust’s stock valued at $3,428,000 after purchasing an additional 26,398 shares during the period. Louisiana State Employees Retirement System acquired a new stake in shares of LXP Industrial Trust in the fourth quarter worth approximately $1,452,000. New York State Teachers Retirement System boosted its stake in shares of LXP Industrial Trust by 0.3% in the fourth quarter. New York State Teachers Retirement System now owns 512,191 shares of the real estate investment trust’s stock worth $5,081,000 after acquiring an additional 1,594 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of LXP Industrial Trust by 869.1% in the fourth quarter. International Assets Investment Management LLC now owns 177,042 shares of the real estate investment trust’s stock worth $17,847,000 after acquiring an additional 158,774 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its stake in shares of LXP Industrial Trust by 13.1% in the fourth quarter. Asset Management One Co. Ltd. now owns 851,175 shares of the real estate investment trust’s stock worth $8,571,000 after acquiring an additional 98,261 shares during the last quarter. 93.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com raised LXP Industrial Trust from a “sell” rating to a “hold” rating in a research note on Thursday.

LXP Industrial Trust Stock Performance

Shares of NYSE:LXP opened at $8.49 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.29 and a quick ratio of 0.29. The business’s 50 day moving average price is $8.83 and its 200-day moving average price is $8.92. The firm has a market capitalization of $2.50 billion, a PE ratio of 106.08 and a beta of 0.80. LXP Industrial Trust has a 1 year low of $7.75 and a 1 year high of $10.75.

LXP Industrial Trust (NYSE:LXP) last released its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.13). The company had revenue of $83.00 million for the quarter, compared to analyst estimates of $83.74 million. LXP Industrial Trust had a return on equity of 1.37% and a net margin of 8.92%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the firm posted $0.17 EPS. As a group, equities research analysts expect that LXP Industrial Trust will post 0.64 earnings per share for the current fiscal year.

LXP Industrial Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 6.13%. The ex-dividend date of this dividend was Wednesday, March 27th. LXP Industrial Trust’s dividend payout ratio (DPR) is currently 650.08%.

About LXP Industrial Trust

LXP Industrial Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) focused on single-tenant industrial real estate investments across the United States. LXP seeks to expand its industrial portfolio through acquisitions, build-to-suit transactions, sale-leaseback transactions, development projects and other transactions.