Aew Capital Management L P Buys Shares of 468,010 LXP Industrial Trust (NYSE:LXP)

Aew Capital Management L P bought a new stake in LXP Industrial Trust (NYSE:LXP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 468,010 shares of the real estate investment trust’s stock, valued at approximately $4,643,000. Aew Capital Management L P owned approximately 0.16% of LXP Industrial Trust as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Adage Capital Partners GP L.L.C. increased its position in shares of LXP Industrial Trust by 180.0% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 2,100,000 shares of the real estate investment trust’s stock worth $18,690,000 after purchasing an additional 1,350,000 shares during the last quarter. Picton Mahoney Asset Management acquired a new position in shares of LXP Industrial Trust during the 3rd quarter worth approximately $2,027,000. California Public Employees Retirement System increased its position in shares of LXP Industrial Trust by 17.9% during the 3rd quarter. California Public Employees Retirement System now owns 1,468,327 shares of the real estate investment trust’s stock worth $13,068,000 after purchasing an additional 222,726 shares during the last quarter. Manning & Napier Group LLC increased its position in shares of LXP Industrial Trust by 30.3% during the 4th quarter. Manning & Napier Group LLC now owns 774,188 shares of the real estate investment trust’s stock worth $7,680,000 after purchasing an additional 180,204 shares during the last quarter. Finally, Illinois Municipal Retirement Fund acquired a new position in shares of LXP Industrial Trust during the 3rd quarter worth approximately $1,527,000. Institutional investors own 93.52% of the company’s stock.

LXP Industrial Trust Stock Performance

Shares of LXP stock traded up $0.04 during trading on Friday, reaching $8.49. 1,688,443 shares of the company’s stock were exchanged, compared to its average volume of 2,392,665. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $2.50 billion, a PE ratio of 106.08 and a beta of 0.80. LXP Industrial Trust has a twelve month low of $7.75 and a twelve month high of $10.75. The firm’s fifty day moving average price is $8.83 and its 200-day moving average price is $8.92.

LXP Industrial Trust (NYSE:LXP) last posted its earnings results on Thursday, February 15th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.13). The business had revenue of $83.00 million for the quarter, compared to analyst estimates of $83.74 million. LXP Industrial Trust had a return on equity of 1.37% and a net margin of 8.92%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.17 earnings per share. As a group, sell-side analysts anticipate that LXP Industrial Trust will post 0.64 EPS for the current year.

LXP Industrial Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 6.13%. The ex-dividend date was Wednesday, March 27th. LXP Industrial Trust’s payout ratio is presently 650.08%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised LXP Industrial Trust from a “sell” rating to a “hold” rating in a research report on Thursday.

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.