Avantax Advisory Services Inc. Acquires 7,610 Shares of LXP Industrial Trust (NYSE:LXP)

Avantax Advisory Services Inc. grew its stake in LXP Industrial Trust (NYSE:LXP) by 44.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,608 shares of the real estate investment trust’s stock after purchasing an additional 7,610 shares during the period. Avantax Advisory Services Inc.’s holdings in LXP Industrial Trust were worth $200,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Geode Capital Management LLC boosted its stake in LXP Industrial Trust by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 7,388,828 shares of the real estate investment trust’s stock valued at $74,271,000 after buying an additional 92,409 shares in the last quarter. Aew Capital Management L P lifted its holdings in shares of LXP Industrial Trust by 72.5% during 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 during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of LXP Industrial Trust by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,331,857 shares of the real estate investment trust’s stock valued at $43,295,000 after acquiring an additional 46,050 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of LXP Industrial Trust by 11.1% in the 4th 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 in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of LXP Industrial Trust by 0.9% in the 4th quarter. Bank of New York Mellon Corp now owns 2,762,226 shares of the real estate investment trust’s stock worth $22,429,000 after purchasing an additional 25,784 shares during the last quarter. 93.52% of the stock is owned by institutional investors and hedge funds.

LXP Industrial Trust Trading Down 0.5 %

Shares of LXP opened at $8.83 on Friday. 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 market cap of $2.61 billion, a price-to-earnings ratio of 67.89 and a beta of 0.89. The stock has a fifty day moving average price of $8.68 and a two-hundred day moving average price of $9.05. LXP Industrial Trust has a 52-week low of $7.65 and a 52-week high of $10.57.

LXP Industrial Trust (NYSE:LXP) last released its quarterly 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 return on equity of 2.15% and a net margin of 12.40%. The business had revenue of $100.85 million during the quarter, compared to analysts’ expectations of $84.57 million. Analysts predict that LXP Industrial Trust will post 0.63 EPS for the current fiscal year.

LXP Industrial Trust Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.54 annualized dividend and a dividend yield of 6.12%. LXP Industrial Trust’s dividend payout ratio (DPR) is currently 415.38%.

Analysts Set New Price Targets

Separately, JMP Securities reissued 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, the company currently 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.