Thrivent Financial for Lutherans Trims Stake in LXP Industrial Trust (NYSE:LXP)

Thrivent Financial for Lutherans lessened its holdings in shares of LXP Industrial Trust (NYSE:LXP) by 1.5% during the 4th quarter, HoldingsChannel reports. The fund owned 227,641 shares of the real estate investment trust’s stock after selling 3,501 shares during the quarter. Thrivent Financial for Lutherans’ holdings in LXP Industrial Trust were worth $1,848,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Wealthfront Advisers LLC bought a new position in shares of LXP Industrial Trust in the fourth quarter worth approximately $80,000. Proficio Capital Partners LLC purchased a new stake in shares of LXP Industrial Trust during the fourth quarter worth about $83,000. Wealth Advisory Solutions LLC purchased a new stake in shares of LXP Industrial Trust during the fourth quarter worth about $91,000. Sequoia Financial Advisors LLC bought a new stake in LXP Industrial Trust during the 4th quarter valued at approximately $92,000. Finally, First Hawaiian Bank purchased a new position in LXP Industrial Trust in the 4th quarter worth approximately $100,000. 93.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

LXP Industrial Trust Trading Down 0.7 %

Shares of LXP stock opened at $8.75 on Friday. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of 67.27 and a beta of 0.89. LXP Industrial Trust has a 12-month low of $7.65 and a 12-month high of $10.57. The stock’s 50-day moving average price is $8.69 and its 200-day moving average price is $9.03.

LXP Industrial Trust (NYSE:LXP) last released its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.18. The business had revenue of $100.85 million for 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 predict that LXP Industrial Trust will post 0.63 EPS for the current fiscal year.

LXP Industrial Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 6.17%. The ex-dividend date is Monday, March 31st. LXP Industrial Trust’s payout ratio is 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.