Fox Run Management L.L.C. Sells 27,297 Shares of LXP Industrial Trust (NYSE:LXP)

Fox Run Management L.L.C. trimmed its position in LXP Industrial Trust (NYSE:LXP) by 69.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 12,131 shares of the real estate investment trust’s stock after selling 27,297 shares during the period. Fox Run Management L.L.C.’s holdings in LXP Industrial Trust were worth $99,000 as of its most recent filing with the SEC.

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

LXP Industrial Trust Stock Performance

Shares of NYSE:LXP opened at $8.75 on Friday. The firm’s 50 day simple moving average is $8.69 and its 200 day simple moving average is $9.04. LXP Industrial Trust has a fifty-two week low of $7.65 and a fifty-two week high of $10.57. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of 67.27 and a beta of 0.89. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.16 and a quick ratio of 0.16.

LXP Industrial Trust (NYSE:LXP) last announced its quarterly 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 company had revenue of $100.85 million for the quarter, compared to analysts’ expectations of $84.57 million. As a group, sell-side analysts forecast that LXP Industrial Trust will post 0.63 earnings per share for the current year.

LXP Industrial Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend 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 Analyst Weigh In

Separately, JMP Securities reiterated a “market perform” rating on shares of LXP Industrial Trust in a research report on Friday, February 14th. One investment 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 MarketBeat, the stock currently has an average rating of “Hold” and an average target price 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.