Headlands Technologies LLC Invests $46,000 in LXP Industrial Trust (NYSE:LXP)

Headlands Technologies LLC acquired a new position in shares of LXP Industrial Trust (NYSE:LXP) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,337 shares of the real estate investment trust’s stock, valued at approximately $46,000.

Other large investors also recently modified their holdings of the company. Signaturefd LLC increased its position in shares of LXP Industrial Trust by 678.3% during the first quarter. Signaturefd LLC now owns 6,281 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 5,474 shares during the period. Principal Financial Group Inc. increased its position in shares of LXP Industrial Trust by 3.1% during the first quarter. Principal Financial Group Inc. now owns 1,472,285 shares of the real estate investment trust’s stock worth $12,735,000 after buying an additional 44,233 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of LXP Industrial Trust by 33.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 27,319 shares of the real estate investment trust’s stock worth $236,000 after buying an additional 6,800 shares during the period. Teacher Retirement System of Texas increased its position in shares of LXP Industrial Trust by 102.0% during the first quarter. Teacher Retirement System of Texas now owns 135,450 shares of the real estate investment trust’s stock worth $1,172,000 after buying an additional 68,399 shares during the period. Finally, Neo Ivy Capital Management acquired a new stake in shares of LXP Industrial Trust during the fourth quarter worth $1,199,000. 93.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LXP. KeyCorp decreased their price objective on shares of LXP Industrial Trust from $11.00 to $10.00 and set an “overweight” rating for the company in a research report on Friday, May 2nd. JMP Securities restated a “market perform” rating on shares of LXP Industrial Trust in a report on Monday, May 5th.

LXP Industrial Trust Trading Up 0.6%

NYSE:LXP opened at $8.11 on Wednesday. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 28.95 and a beta of 1.01. The firm has a fifty day simple moving average of $8.35 and a two-hundred day simple moving average of $8.37. LXP Industrial Trust has a 12 month low of $6.85 and a 12 month high of $10.44.

LXP Industrial Trust (NYSE:LXP) last posted its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. The business had revenue of $86.74 million during the quarter, compared to analysts’ expectations of $87.25 million. LXP Industrial Trust had a net margin of 24.07% and a return on equity of 4.34%. The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the company posted $0.16 earnings per share. Analysts expect that LXP Industrial Trust will post 0.63 EPS for the current fiscal year.

LXP Industrial Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend was Monday, June 30th. LXP Industrial Trust’s dividend payout ratio (DPR) is 192.86%.

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.