Aew Capital Management L P Makes New Investment in LXP Industrial Trust (NYSE:LXP)

Aew Capital Management L P purchased a new position in LXP Industrial Trust (NYSE:LXP) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 468,010 shares of the real estate investment trust’s stock, valued at approximately $4,643,000.

Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC lifted its holdings 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 valued at $17,847,000 after purchasing an additional 158,774 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its holdings in shares of LXP Industrial Trust by 180.0% in the third quarter. Adage Capital Partners GP L.L.C. now owns 2,100,000 shares of the real estate investment trust’s stock valued at $18,690,000 after purchasing an additional 1,350,000 shares in the last quarter. California Public Employees Retirement System lifted its holdings in shares of LXP Industrial Trust by 17.9% in the third quarter. California Public Employees Retirement System now owns 1,468,327 shares of the real estate investment trust’s stock valued at $13,068,000 after purchasing an additional 222,726 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. lifted its holdings in shares of LXP Industrial Trust by 4.5% in the third quarter. Van Lanschot Kempen Investment Management N.V. now owns 1,394,400 shares of the real estate investment trust’s stock valued at $12,410,000 after purchasing an additional 60,100 shares in the last quarter. Finally, Oak Thistle LLC bought a new position in shares of LXP Industrial Trust in the fourth quarter valued at approximately $124,000. Institutional investors own 93.52% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded LXP Industrial Trust from a “sell” rating to a “hold” rating in a report on Thursday.

LXP Industrial Trust Stock Performance

LXP Industrial Trust stock traded up $0.04 during mid-day trading on Friday, reaching $8.49. 1,688,443 shares of the company’s stock were exchanged, compared to its average volume of 2,392,665. The business’s fifty day simple moving average is $8.83 and its 200 day simple moving average 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 one year low of $7.75 and a one year high of $10.75. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.20.

LXP Industrial Trust (NYSE:LXP) last issued its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.13). The business had revenue of $83.00 million for the quarter, compared to the consensus estimate 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 was up 2.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.17 earnings per share. On average, sell-side analysts expect that LXP Industrial Trust will post 0.64 earnings per share for the current year.

LXP Industrial Trust Announces Dividend

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

LXP Industrial Trust Profile

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.