LXP Industrial Trust (NYSE:LXP) Stake Lifted by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in LXP Industrial Trust (NYSE:LXP) by 41.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 193,110 shares of the real estate investment trust’s stock after acquiring an additional 57,058 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.07% of LXP Industrial Trust worth $1,568,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in LXP. Aew Capital Management L P boosted its holdings in shares of LXP Industrial Trust by 72.5% in the fourth quarter. Aew Capital Management L P now owns 5,815,781 shares of the real estate investment trust’s stock valued at $47,224,000 after acquiring an additional 2,445,084 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of LXP Industrial Trust by 340.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,213,117 shares of the real estate investment trust’s stock valued at $22,242,000 after acquiring an additional 1,710,867 shares in the last quarter. Quest Partners LLC boosted its holdings in shares of LXP Industrial Trust by 3,160.1% in the third quarter. Quest Partners LLC now owns 382,769 shares of the real estate investment trust’s stock valued at $3,847,000 after acquiring an additional 371,028 shares in the last quarter. Systematic Financial Management LP boosted its holdings in LXP Industrial Trust by 14.3% during the third quarter. Systematic Financial Management LP now owns 2,673,501 shares of the real estate investment trust’s stock worth $26,869,000 after buying an additional 334,029 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in LXP Industrial Trust by 11.1% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,103,414 shares of the real estate investment trust’s stock worth $25,200,000 after buying an additional 311,006 shares in the last quarter. 93.52% of the stock is currently owned by institutional investors.

LXP Industrial Trust Trading Up 1.4 %

Shares of NYSE:LXP opened at $9.19 on Tuesday. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 70.66 and a beta of 0.89. LXP Industrial Trust has a 1-year low of $7.65 and a 1-year high of $10.57. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.16 and a current ratio of 0.16. The company has a 50 day moving average price of $8.53 and a 200 day moving average price of $9.11.

LXP Industrial Trust (NYSE:LXP) last posted its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.18. LXP Industrial Trust had a net margin of 12.40% and a return on equity of 2.15%. The firm had revenue of $100.85 million during the quarter, compared to analyst estimates of $84.57 million. On average, research analysts anticipate that LXP Industrial Trust will post 0.63 EPS for the current fiscal year.

LXP Industrial Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 5.88%. LXP Industrial Trust’s dividend payout ratio is 415.38%.

Analysts Set New Price Targets

Separately, JMP Securities restated a “market perform” rating on shares of LXP Industrial Trust in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $11.33.

LXP Industrial Trust Company 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.