Swiss National Bank Purchases 4,400 Shares of LXP Industrial Trust (NYSE:LXP)

Swiss National Bank increased its position in LXP Industrial Trust (NYSE:LXP) by 0.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 578,900 shares of the real estate investment trust’s stock after purchasing an additional 4,400 shares during the period. Swiss National Bank’s holdings in LXP Industrial Trust were worth $4,701,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. raised its holdings in shares of LXP Industrial Trust by 44.8% during the 4th quarter. Avantax Advisory Services Inc. now owns 24,608 shares of the real estate investment trust’s stock worth $200,000 after acquiring an additional 7,610 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in LXP Industrial Trust during the fourth quarter valued at $92,000. Wealthfront Advisers LLC bought a new position in LXP Industrial Trust during the fourth quarter valued at $80,000. Independent Advisor Alliance lifted its position in LXP Industrial Trust by 2.5% during the fourth quarter. Independent Advisor Alliance now owns 187,369 shares of the real estate investment trust’s stock valued at $1,521,000 after purchasing an additional 4,508 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of LXP Industrial Trust by 41.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 193,110 shares of the real estate investment trust’s stock worth $1,568,000 after buying an additional 57,058 shares in the last quarter. 93.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, JMP Securities restated a “market perform” rating on shares of LXP Industrial Trust in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $11.33.

LXP Industrial Trust Stock Performance

NYSE LXP opened at $8.88 on Tuesday. The business’s 50 day moving average price is $8.63 and its 200-day moving average price is $9.06. LXP Industrial Trust has a fifty-two week low of $7.65 and a fifty-two week high of $10.57. The company has a market cap of $2.63 billion, a P/E ratio of 68.34 and a beta of 0.89. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.16 and a current ratio of 0.16.

LXP Industrial Trust (NYSE:LXP) last posted its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.18. The business had revenue of $100.85 million for the quarter, compared to analysts’ expectations of $84.57 million. LXP Industrial Trust had a net margin of 12.40% and a return on equity of 2.15%. Sell-side analysts predict that LXP Industrial Trust will post 0.63 earnings per share for the current year.

LXP Industrial Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 6.08%. The ex-dividend date is Monday, March 31st. LXP Industrial Trust’s payout ratio is currently 415.38%.

LXP Industrial Trust Company 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.