Natixis Advisors LLC Grows Position in LXP Industrial Trust (NYSE:LXP)

Natixis Advisors LLC boosted its stake in LXP Industrial Trust (NYSE:LXP) by 23.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 296,144 shares of the real estate investment trust’s stock after buying an additional 56,912 shares during the quarter. Natixis Advisors LLC’s holdings in LXP Industrial Trust were worth $2,405,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Nomura Asset Management Co. Ltd. raised its position in LXP Industrial Trust by 0.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 366,100 shares of the real estate investment trust’s stock valued at $3,679,000 after buying an additional 1,100 shares during the last quarter. HighTower Advisors LLC increased its position in shares of LXP Industrial Trust by 2.6% during the 3rd quarter. HighTower Advisors LLC now owns 52,755 shares of the real estate investment trust’s stock valued at $530,000 after purchasing an additional 1,333 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of LXP Industrial Trust by 4.9% during the 4th quarter. CIBC Asset Management Inc now owns 29,220 shares of the real estate investment trust’s stock valued at $237,000 after purchasing an additional 1,365 shares during the last quarter. Rhumbline Advisers increased its position in shares of LXP Industrial Trust by 0.3% during the 4th quarter. Rhumbline Advisers now owns 946,380 shares of the real estate investment trust’s stock valued at $7,685,000 after purchasing an additional 2,543 shares during the last quarter. Finally, Blue Trust Inc. increased its position in shares of LXP Industrial Trust by 22.8% during the 4th quarter. Blue Trust Inc. now owns 15,089 shares of the real estate investment trust’s stock valued at $123,000 after purchasing an additional 2,798 shares during the last quarter. 93.52% of the stock is owned by hedge funds and other institutional investors.

LXP Industrial Trust Trading Down 3.2 %

Shares of LXP Industrial Trust stock opened at $8.73 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.16 and a quick ratio of 0.16. The firm has a market cap of $2.58 billion, a PE ratio of 67.12 and a beta of 0.89. LXP Industrial Trust has a 1 year low of $7.65 and a 1 year high of $10.57. The stock has a fifty day moving average price of $8.61 and a 200-day moving average price of $9.07.

LXP Industrial Trust (NYSE:LXP) last posted its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.18. The company had revenue of $100.85 million during the quarter, compared to the consensus estimate of $84.57 million. LXP Industrial Trust had a return on equity of 2.15% and a net margin of 12.40%. Equities research analysts anticipate that LXP Industrial Trust will post 0.63 EPS for the current year.

LXP Industrial Trust Dividend Announcement

The company 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 is Monday, March 31st. This represents a $0.54 annualized dividend and a dividend yield of 6.19%. LXP Industrial Trust’s payout ratio is 415.38%.

Wall Street Analyst Weigh In

Separately, JMP Securities reaffirmed a “market perform” rating on shares of LXP Industrial Trust in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company 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.