Arizona State Retirement System Sells 1,511 Shares of LXP Industrial Trust (NYSE:LXP)

Arizona State Retirement System cut its holdings in LXP Industrial Trust (NYSE:LXP) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,796 shares of the real estate investment trust’s stock after selling 1,511 shares during the quarter. Arizona State Retirement System’s holdings in LXP Industrial Trust were worth $811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. LFA Lugano Financial Advisors SA bought a new stake in shares of LXP Industrial Trust in the third quarter worth about $57,000. Lazard Asset Management LLC bought a new stake in shares of LXP Industrial Trust in the second quarter worth about $93,000. Advisor Group Holdings Inc. boosted its position in LXP Industrial Trust by 81.1% during the 1st quarter. Advisor Group Holdings Inc. now owns 9,880 shares of the real estate investment trust’s stock valued at $198,000 after acquiring an additional 4,423 shares in the last quarter. Sherbrooke Park Advisers LLC bought a new stake in LXP Industrial Trust during the 3rd quarter valued at approximately $90,000. Finally, First Trust Direct Indexing L.P. bought a new stake in LXP Industrial Trust during the 3rd quarter valued at approximately $90,000. 93.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

LXP Industrial Trust Stock Performance

LXP Industrial Trust stock opened at $8.53 on Thursday. The stock’s 50 day simple moving average is $8.88 and its two-hundred day simple moving average is $8.93. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 106.64 and a beta of 0.80. LXP Industrial Trust has a fifty-two week low of $7.75 and a fifty-two week high of $10.75.

LXP Industrial Trust (NYSE:LXP) last released its earnings results on Thursday, February 15th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.13). LXP Industrial Trust had a net margin of 8.92% and a return on equity of 1.37%. The business had revenue of $83.00 million for the quarter, compared to analysts’ expectations of $83.74 million. During the same quarter in the previous year, the business posted $0.17 earnings per share. LXP Industrial Trust’s revenue for the quarter was up 2.3% on a year-over-year basis. As a group, analysts expect that LXP Industrial Trust will post 0.63 earnings per share for the current fiscal year.

LXP Industrial Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.52 annualized dividend and a dividend yield of 6.10%. LXP Industrial Trust’s payout ratio is 650.08%.

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.