LXP Industrial Trust (NYSE:LXP) Stock Holdings Decreased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lowered its position in shares of LXP Industrial Trust (NYSE:LXP) by 3.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,082 shares of the real estate investment trust’s stock after selling 3,568 shares during the quarter. Pictet Asset Management Holding SA’s holdings in LXP Industrial Trust were worth $764,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in LXP. Wealthfront Advisers LLC acquired a new stake in LXP Industrial Trust during the 4th quarter valued at $80,000. Proficio Capital Partners LLC purchased a new position in shares of LXP Industrial Trust during the fourth quarter valued at $83,000. Wealth Advisory Solutions LLC acquired a new position in LXP Industrial Trust during the fourth quarter valued at $91,000. Sequoia Financial Advisors LLC purchased a new stake in LXP Industrial Trust in the 4th quarter worth about $92,000. Finally, First Hawaiian Bank acquired a new stake in LXP Industrial Trust during the 4th quarter worth about $100,000. Hedge funds and other institutional investors own 93.52% of the company’s stock.

LXP Industrial Trust Stock Performance

Shares of NYSE LXP opened at $7.55 on Tuesday. LXP Industrial Trust has a one year low of $7.42 and a one year high of $10.57. The business’s 50-day moving average price is $8.68 and its two-hundred day moving average price is $8.95. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.16 and a quick ratio of 0.16. The company has a market capitalization of $2.23 billion, a P/E ratio of 58.04 and a beta of 0.95.

LXP Industrial Trust (NYSE:LXP) last released 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. The firm had revenue of $100.85 million for the quarter, compared to the consensus estimate of $84.57 million. LXP Industrial Trust had a return on equity of 2.15% and a net margin of 12.40%. Analysts anticipate that LXP Industrial Trust will post 0.63 earnings per share for the current fiscal year.

LXP Industrial Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 7.16%. The ex-dividend date of this dividend is Monday, March 31st. LXP Industrial Trust’s dividend payout ratio is presently 415.38%.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reissued a “market perform” rating on shares of LXP Industrial Trust in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to 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.