Sumitomo Mitsui DS Asset Management Company Ltd Acquires 8,300 Shares of LXP Industrial Trust (NYSE:LXP)

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in LXP Industrial Trust (NYSE:LXP) by 19.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 52,073 shares of the real estate investment trust’s stock after buying an additional 8,300 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in LXP Industrial Trust were worth $517,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Dakota Wealth Management grew its position in shares of LXP Industrial Trust by 6.3% in the 3rd quarter. Dakota Wealth Management now owns 23,614 shares of the real estate investment trust’s stock worth $210,000 after buying an additional 1,404 shares during the last quarter. Van ECK Associates Corp grew its position in shares of LXP Industrial Trust by 4.3% in the 3rd quarter. Van ECK Associates Corp now owns 33,936 shares of the real estate investment trust’s stock worth $302,000 after buying an additional 1,406 shares during the last quarter. abrdn plc grew its position in shares of LXP Industrial Trust by 2.5% in the 3rd quarter. abrdn plc now owns 60,477 shares of the real estate investment trust’s stock worth $538,000 after buying an additional 1,464 shares during the last quarter. New York State Teachers Retirement System grew its position in shares of LXP Industrial Trust by 0.3% in the 4th 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 buying an additional 1,594 shares during the last quarter. Finally, Inspire Investing LLC grew its position in shares of LXP Industrial Trust by 5.3% in the 3rd quarter. Inspire Investing LLC now owns 34,403 shares of the real estate investment trust’s stock worth $306,000 after buying an additional 1,718 shares during the last quarter. 93.52% of the stock is currently owned by institutional investors.

LXP Industrial Trust Trading Down 1.1 %

NYSE LXP opened at $8.45 on Friday. 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 has a twelve month low of $7.75 and a twelve month high of $10.75. The firm has a market capitalization of $2.49 billion, a PE ratio of 105.64 and a beta of 0.80. The stock’s 50 day moving average is $8.84 and its 200 day moving average is $8.92.

LXP Industrial Trust (NYSE:LXP) last released its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.13). LXP Industrial Trust had a net margin of 8.92% and a return on equity of 1.37%. The firm had revenue of $83.00 million for the quarter, compared to the consensus estimate of $83.74 million. During the same quarter in the prior year, the firm earned $0.17 earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. Research analysts forecast that LXP Industrial Trust will post 0.64 earnings per share for the current fiscal year.

LXP Industrial Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 6.15%. The ex-dividend date was Wednesday, March 27th. LXP Industrial Trust’s dividend payout ratio (DPR) is 650.08%.

Wall Street Analyst Weigh In

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

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.