Diversified Trust Co Has $280,000 Stock Position in LXP Industrial Trust (NYSE:LXP)

Diversified Trust Co lifted its position in shares of LXP Industrial Trust (NYSE:LXP) by 6.9% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,414 shares of the real estate investment trust’s stock after buying an additional 2,103 shares during the quarter. Diversified Trust Co’s holdings in LXP Industrial Trust were worth $280,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Bessemer Group Inc. lifted its holdings in shares of LXP Industrial Trust by 3,263.1% during the first quarter. Bessemer Group Inc. now owns 20,246 shares of the real estate investment trust’s stock worth $175,000 after buying an additional 19,644 shares in the last quarter. EQ Wealth Advisors LLC acquired a new position in LXP Industrial Trust in the first quarter valued at about $30,000. QRG Capital Management Inc. raised its stake in LXP Industrial Trust by 28.4% in the first quarter. QRG Capital Management Inc. now owns 47,307 shares of the real estate investment trust’s stock valued at $409,000 after purchasing an additional 10,459 shares in the last quarter. Shikiar Asset Management Inc. raised its stake in LXP Industrial Trust by 22.2% in the first quarter. Shikiar Asset Management Inc. now owns 317,250 shares of the real estate investment trust’s stock valued at $2,744,000 after purchasing an additional 57,550 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in LXP Industrial Trust in the first quarter valued at about $1,138,000. Institutional investors and hedge funds own 93.52% of the company’s stock.

Wall Street Analysts Forecast Growth

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

LXP Industrial Trust Stock Performance

LXP Industrial Trust stock opened at $8.35 on Wednesday. LXP Industrial Trust has a 12-month low of $6.85 and a 12-month high of $10.57. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.19. The business’s 50-day moving average price is $8.36 and its two-hundred day moving average price is $8.37. The stock has a market cap of $2.47 billion, a PE ratio of 41.75 and a beta of 1.04.

LXP Industrial Trust (NYSE:LXP) last released its earnings results on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. LXP Industrial Trust had a return on equity of 3.13% and a net margin of 17.63%. The firm had revenue of $87.89 million for the quarter, compared to analysts’ expectations of $84.72 million. During the same quarter in the previous year, the business posted $0.16 earnings per share. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, analysts expect 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 announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 6.47%. The ex-dividend date is Monday, June 30th. LXP Industrial Trust’s dividend payout ratio is presently 270.00%.

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.