Commonwealth of Pennsylvania Public School Empls Retrmt SYS Increases Stock Position in LXP Industrial Trust (NYSE:LXP)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of LXP Industrial Trust (NYSE:LXP) by 38.4% during the 4th quarter, Holdings Channel reports. The firm owned 156,868 shares of the real estate investment trust’s stock after purchasing an additional 43,492 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in LXP Industrial Trust were worth $1,274,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in LXP. Wealthfront Advisers LLC purchased a new position in LXP Industrial Trust in the fourth quarter valued at approximately $80,000. Proficio Capital Partners LLC purchased a new position in shares of LXP Industrial Trust during the 4th quarter valued at $83,000. Wealth Advisory Solutions LLC purchased a new stake in LXP Industrial Trust in the 4th quarter worth about $91,000. Sequoia Financial Advisors LLC bought a new position in LXP Industrial Trust during the fourth quarter worth about $92,000. Finally, First Hawaiian Bank bought a new stake in shares of LXP Industrial Trust in the fourth quarter valued at approximately $100,000. 93.52% of the stock is owned by institutional investors.

LXP Industrial Trust Stock Down 1.5 %

LXP stock opened at $8.75 on Wednesday. LXP Industrial Trust has a twelve month low of $7.65 and a twelve month high of $10.57. The firm has a market capitalization of $2.59 billion, a PE ratio of 67.31 and a beta of 0.89. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.21. The stock has a 50-day simple moving average of $8.65 and a two-hundred day simple moving average of $9.05.

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

LXP Industrial Trust Dividend Announcement

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

Wall Street Analysts Forecast Growth

Separately, JMP Securities reiterated a “market perform” rating on shares of LXP Industrial Trust in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average 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.