LXP Industrial Trust (NYSE:LXP) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its position in shares of LXP Industrial Trust (NYSE:LXP) by 13.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 67,669 shares of the real estate investment trust’s stock after selling 10,260 shares during the period. Nisa Investment Advisors LLC’s holdings in LXP Industrial Trust were worth $596,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LXP. EQ Wealth Advisors LLC bought a new stake in shares of LXP Industrial Trust in the 1st quarter worth approximately $30,000. GF Fund Management CO. LTD. acquired a new position in LXP Industrial Trust during the fourth quarter worth $43,000. Sterling Capital Management LLC boosted its holdings in shares of LXP Industrial Trust by 805.0% during the 4th quarter. Sterling Capital Management LLC now owns 9,159 shares of the real estate investment trust’s stock worth $74,000 after buying an additional 8,147 shares during the period. Wealthfront Advisers LLC bought a new stake in LXP Industrial Trust in the 4th quarter valued at $80,000. Finally, Townsquare Capital LLC acquired a new position in shares of LXP Industrial Trust in the 4th quarter valued at $82,000. 93.52% of the stock is owned by institutional investors and hedge funds.

LXP Industrial Trust Price Performance

Shares of LXP opened at $8.43 on Wednesday. The company has a market cap of $2.49 billion, a price-to-earnings ratio of 42.15 and a beta of 1.03. LXP Industrial Trust has a 1-year low of $6.85 and a 1-year high of $10.57. The company’s fifty day simple moving average is $8.46 and its 200 day simple moving average is $8.38. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.19.

LXP Industrial Trust (NYSE:LXP) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. The business had revenue of $87.89 million for the quarter, compared to analyst estimates of $84.72 million. LXP Industrial Trust had a net margin of 17.63% and a return on equity of 3.13%. LXP Industrial Trust’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the firm earned $0.16 earnings per share. On average, research analysts forecast that LXP Industrial Trust will post 0.63 earnings per share for the current fiscal year.

LXP Industrial Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a dividend of $0.135 per share. The ex-dividend date was Monday, June 30th. This represents a $0.54 dividend on an annualized basis and a yield of 6.41%. LXP Industrial Trust’s payout ratio is 270.00%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LXP. JMP Securities reiterated a “market perform” rating on shares of LXP Industrial Trust in a research report on Monday, May 5th. KeyCorp cut their target price on LXP Industrial Trust from $11.00 to $10.00 and set an “overweight” rating on the stock in a research note on Friday, May 2nd.

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.