Wealthfront Advisers LLC Acquires New Position in LXP Industrial Trust (NYSE:LXP)

Wealthfront Advisers LLC acquired a new stake in LXP Industrial Trust (NYSE:LXP) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,858 shares of the real estate investment trust’s stock, valued at approximately $80,000.

Other hedge funds have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in 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 purchasing an additional 1,710,867 shares during the period. Natixis Advisors LLC lifted its position in LXP Industrial Trust by 171.9% in the third quarter. Natixis Advisors LLC now owns 239,232 shares of the real estate investment trust’s stock valued at $2,404,000 after purchasing an additional 151,253 shares during the period. Jane Street Group LLC lifted its position in LXP Industrial Trust by 101.3% in the third quarter. Jane Street Group LLC now owns 546,430 shares of the real estate investment trust’s stock valued at $5,492,000 after purchasing an additional 274,933 shares during the period. State of New Jersey Common Pension Fund D lifted its position in LXP Industrial Trust by 18.9% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 228,916 shares of the real estate investment trust’s stock valued at $1,859,000 after purchasing an additional 36,336 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in LXP Industrial Trust by 11.1% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,103,414 shares of the real estate investment trust’s stock valued at $25,200,000 after purchasing an additional 311,006 shares during the period. Institutional investors and hedge funds own 93.52% of the company’s stock.

LXP Industrial Trust Trading Up 1.4 %

Shares of LXP Industrial Trust stock opened at $9.19 on Tuesday. LXP Industrial Trust has a 12-month low of $7.65 and a 12-month high of $10.57. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.72 billion, a PE ratio of 70.66 and a beta of 0.89. The company has a 50-day moving average of $8.53 and a two-hundred day moving average of $9.11.

LXP Industrial Trust (NYSE:LXP) last issued its earnings results on Thursday, February 13th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating 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 company had revenue of $100.85 million during the quarter, compared to analysts’ expectations 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 5.88%. LXP Industrial Trust’s dividend payout ratio (DPR) is 415.38%.

Analyst Ratings Changes

Separately, JMP Securities reaffirmed a “market perform” rating on shares of LXP Industrial Trust in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.33.

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.