LXP Industrial Trust (NYSE:LXP) Upgraded at StockNews.com

StockNews.com upgraded shares of LXP Industrial Trust (NYSE:LXP) from a sell rating to a hold rating in a research note issued to investors on Thursday morning.

LXP Industrial Trust Price Performance

LXP Industrial Trust stock opened at $8.48 on Thursday. The firm has a market capitalization of $2.50 billion, a P/E ratio of 106.01 and a beta of 0.80. LXP Industrial Trust has a one year low of $7.75 and a one year high of $10.75. 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 has a fifty day moving average price of $8.83 and a 200-day moving average price of $8.92.

LXP Industrial Trust (NYSE:LXP) last issued its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.04 earnings per share (EPS) 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 analysts’ expectations 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 revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the company posted $0.17 EPS. As a group, equities research analysts forecast that LXP Industrial Trust will post 0.64 EPS for the current year.

LXP Industrial Trust Dividend Announcement

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

Institutional Trading of LXP Industrial Trust

Institutional investors and hedge funds have recently bought and sold shares of the company. AlphaMark Advisors LLC raised its position in shares of LXP Industrial Trust by 9.5% in the first quarter. AlphaMark Advisors LLC now owns 30,695 shares of the real estate investment trust’s stock worth $277,000 after buying an additional 2,653 shares in the last quarter. Hazelview Securities Inc. bought a new position in LXP Industrial Trust in the 1st quarter worth about $12,042,000. Pensionfund Sabic raised its holdings in shares of LXP Industrial Trust by 24.7% in the 1st quarter. Pensionfund Sabic now owns 96,000 shares of the real estate investment trust’s stock valued at $866,000 after acquiring an additional 19,000 shares in the last quarter. CWM LLC raised its holdings in shares of LXP Industrial Trust by 52.4% in the 1st quarter. CWM LLC now owns 5,026 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 1,728 shares in the last quarter. Finally, Pensionfund DSM Netherlands boosted its position in shares of LXP Industrial Trust by 8.2% during the 1st quarter. Pensionfund DSM Netherlands now owns 197,000 shares of the real estate investment trust’s stock valued at $1,777,000 after acquiring an additional 15,000 shares during the last quarter. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

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.