Voya Investment Management LLC Has $695,000 Stock Holdings in LXP Industrial Trust (NYSE:LXP)

Voya Investment Management LLC lowered its stake in shares of LXP Industrial Trust (NYSE:LXP) by 7.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 85,592 shares of the real estate investment trust’s stock after selling 7,015 shares during the period. Voya Investment Management LLC’s holdings in LXP Industrial Trust were worth $695,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of LXP. Sterling Capital Management LLC boosted its position in LXP Industrial Trust by 805.0% during the fourth quarter. Sterling Capital Management LLC now owns 9,159 shares of the real estate investment trust’s stock valued at $74,000 after purchasing an additional 8,147 shares during the last quarter. Wealthfront Advisers LLC acquired a new stake in shares of LXP Industrial Trust during the 4th quarter valued at about $80,000. Townsquare Capital LLC bought a new stake in shares of LXP Industrial Trust in the 4th quarter valued at approximately $82,000. Proficio Capital Partners LLC bought a new stake in shares of LXP Industrial Trust in the 4th quarter valued at approximately $83,000. Finally, Wealth Advisory Solutions LLC bought a new position in shares of LXP Industrial Trust during the 4th quarter valued at $91,000. 93.52% of the stock is owned by institutional investors and hedge funds.

LXP Industrial Trust Trading Up 1.4 %

LXP Industrial Trust stock opened at $8.10 on Friday. The business’s 50-day simple moving average is $8.31 and its 200-day simple moving average is $8.61. LXP Industrial Trust has a 52 week low of $6.85 and a 52 week high of $10.57. The firm has a market capitalization of $2.39 billion, a PE ratio of 62.27 and a beta of 1.02. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.16 and a current ratio of 0.16.

LXP Industrial Trust (NYSE:LXP) last issued its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. LXP Industrial Trust had a return on equity of 2.15% and a net margin of 12.40%. The company had revenue of $87.89 million for the quarter, compared to the consensus estimate of $84.72 million. During the same period in the previous year, the business posted $0.16 EPS. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. Equities research analysts forecast that LXP Industrial Trust will post 0.63 earnings per share for the current year.

LXP Industrial Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 6.67%. The ex-dividend date was Monday, March 31st. LXP Industrial Trust’s dividend payout ratio (DPR) is presently 270.00%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. KeyCorp lowered their price objective on LXP Industrial Trust from $11.00 to $10.00 and set an “overweight” rating on the stock in a report on Friday, May 2nd. JMP Securities reiterated a “market perform” rating on shares of LXP Industrial Trust in a report on Monday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, LXP Industrial Trust has an average rating of “Moderate Buy” and an average target price of $11.00.

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.