Teacher Retirement System of Texas Sells 1,445 Shares of LXP Industrial Trust (NYSE:LXP)

Teacher Retirement System of Texas lessened its position in shares of LXP Industrial Trust (NYSE:LXP) by 2.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 67,051 shares of the real estate investment trust’s stock after selling 1,445 shares during the period. Teacher Retirement System of Texas’ holdings in LXP Industrial Trust were worth $544,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealthfront Advisers LLC acquired a new position in shares of LXP Industrial Trust during the fourth quarter worth about $80,000. Proficio Capital Partners LLC bought a new stake in LXP Industrial Trust in the 4th quarter valued at approximately $83,000. Wealth Advisory Solutions LLC acquired a new position in LXP Industrial Trust during the 4th quarter worth approximately $91,000. Sequoia Financial Advisors LLC bought a new position in shares of LXP Industrial Trust during the 4th quarter worth approximately $92,000. Finally, First Hawaiian Bank acquired a new stake in shares of LXP Industrial Trust in the fourth quarter valued at approximately $100,000. Institutional investors and hedge funds own 93.52% of the company’s stock.

LXP Industrial Trust Stock Performance

Shares of NYSE LXP opened at $8.75 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.16 and a current ratio of 0.16. The stock has a 50 day moving average price of $8.69 and a 200 day moving average price of $9.03. The stock has a market capitalization of $2.59 billion, a PE ratio of 67.27 and a beta of 0.89. LXP Industrial Trust has a 52 week low of $7.65 and a 52 week high of $10.57.

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

LXP Industrial Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 6.17%. The ex-dividend date is Monday, March 31st. LXP Industrial Trust’s dividend payout ratio (DPR) is presently 415.38%.

Wall Street Analysts Forecast Growth

Separately, JMP Securities restated a “market perform” rating on shares of LXP Industrial Trust in a report on Friday, February 14th. One 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 an average rating of “Hold” and a consensus price target of $11.33.

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.