6 days Ago By ABMN Staff
Alliancebernstein L.P. reduced its position in shares of LXP Industrial Trust ( NYSE:LXP – Free Report ) by 4.
5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 398,562 shares of the real estate investment trust’s stock after selling 18,765 shares during the quarter. Alliancebernstein L.
P.’s holdings in LXP Industrial Trust were worth $3,236,000 at the end of the most recent reporting period. A number of other large investors have also recently added to or reduced their stakes in the company.
Wealthfront Advisers LLC acquired a new position in shares of LXP Industrial Trust during the 4th quarter worth about $80,000. Proficio Capital Partners LLC bought a new position in LXP Industrial Trust during the fourth quarter worth about $83,000. Wealth Advisory Solutions LLC acquired a new position in LXP Industrial Trust during the fourth quarter worth approximately $91,000.
Sequoia Financial Advisors LLC bought a new stake in LXP Industrial Trust in the fourth quarter valued at 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. Wall Street Analysts Forecast Growth Separately, JMP Securities restated a “market perform” rating on shares of LXP Industrial Trust in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock.
According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $11.33. LXP Industrial Trust Stock Performance Shares of NYSE LXP opened at $7.
68 on Tuesday. 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.
27 billion, a price-to-earnings ratio of 59.08 and a beta of 0.95.
The stock’s fifty day moving average price is $8.56 and its two-hundred day moving average price is $8.83.
LXP Industrial Trust has a one year low of $6.85 and a one year high of $10.57.
LXP Industrial Trust ( NYSE:LXP – Get Free Report ) last released its quarterly earnings results 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 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 the consensus estimate of $84.57 million. On average, equities analysts forecast that LXP Industrial Trust will post 0.
63 EPS for the current year. LXP Industrial Trust Announces Dividend The firm also recently declared 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. The ex-dividend date is Monday, March 31st. This represents a $0.
54 dividend on an annualized basis and a dividend yield of 7.03%. LXP Industrial Trust’s payout ratio is 415.
38%. About LXP Industrial Trust ( Free Report ) 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.
Featured Stories Want to see what other hedge funds are holding LXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LXP Industrial Trust ( NYSE:LXP – Free Report ). Receive News & Ratings for LXP Industrial Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LXP Industrial Trust and related companies with MarketBeat.
com's FREE daily email newsletter ..
