LXP Industrial Trust (NYSE:LXP) Stake Boosted by Magnus Financial Group LLC

Magnus Financial Group LLC increased its stake in LXP Industrial Trust (NYSE:LXP) by 3.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,274 shares of the real estate investment trust’s stock after purchasing an additional 3,053 shares during the quarter. Magnus Financial Group LLC’s holdings in LXP Industrial Trust were worth $915,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its stake in LXP Industrial Trust by 3.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,603,482 shares of the real estate investment trust’s stock valued at $40,971,000 after acquiring an additional 142,286 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of LXP Industrial Trust by 1.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,117,651 shares of the real estate investment trust’s stock valued at $36,647,000 after buying an additional 49,501 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of LXP Industrial Trust by 0.8% in the 3rd quarter. Victory Capital Management Inc. now owns 2,565,041 shares of the real estate investment trust’s stock valued at $22,829,000 after buying an additional 21,435 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its stake in shares of LXP Industrial Trust by 180.0% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 2,100,000 shares of the real estate investment trust’s stock valued at $18,690,000 after buying an additional 1,350,000 shares in the last quarter. Finally, California Public Employees Retirement System grew its stake in shares of LXP Industrial Trust by 0.6% in the 4th quarter. California Public Employees Retirement System now owns 1,477,187 shares of the real estate investment trust’s stock valued at $14,654,000 after buying an additional 8,860 shares in the last quarter. Hedge funds and other institutional investors own 93.52% of the company’s stock.

LXP Industrial Trust Stock Up 0.4 %

LXP opened at $8.48 on Monday. The business has a 50 day moving average price of $8.83 and a 200 day moving average price of $8.92. LXP Industrial Trust has a twelve month low of $7.75 and a twelve month high of $10.75. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a market cap of $2.50 billion, a P/E ratio of 106.01 and a beta of 0.80.

LXP Industrial Trust (NYSE:LXP) last posted its earnings results on Thursday, February 15th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.13). LXP Industrial Trust had a return on equity of 1.37% and a net margin of 8.92%. The company had revenue of $83.00 million during the quarter, compared to analyst estimates of $83.74 million. During the same quarter last year, the firm posted $0.17 earnings per share. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. Research analysts forecast that LXP Industrial Trust will post 0.64 EPS for the current year.

LXP Industrial Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.13 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.52 annualized dividend and a yield of 6.13%. LXP Industrial Trust’s dividend payout ratio (DPR) is currently 650.08%.

Analysts Set New Price Targets

Separately, StockNews.com raised LXP Industrial Trust from a “sell” rating to a “hold” rating in a research note on Thursday.

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.