Graham Capital Management L.P. Sells 140,279 Shares of LXP Industrial Trust (NYSE:LXP)

Graham Capital Management L.P. decreased its holdings in LXP Industrial Trust (NYSE:LXP) by 77.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,862 shares of the real estate investment trust’s stock after selling 140,279 shares during the period. Graham Capital Management L.P.’s holdings in LXP Industrial Trust were worth $332,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Xponance Inc. boosted its position in shares of LXP Industrial Trust by 17.8% during the fourth quarter. Xponance Inc. now owns 22,494 shares of the real estate investment trust’s stock valued at $183,000 after buying an additional 3,404 shares during the last quarter. Aew Capital Management L P boosted its holdings in shares of LXP Industrial Trust by 72.5% during the 4th quarter. Aew Capital Management L P now owns 5,815,781 shares of the real estate investment trust’s stock valued at $47,224,000 after acquiring an additional 2,445,084 shares during the last quarter. State of New Jersey Common Pension Fund D grew its stake in shares of LXP Industrial Trust by 18.9% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 228,916 shares of the real estate investment trust’s stock worth $1,859,000 after acquiring an additional 36,336 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of LXP Industrial Trust by 11.1% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,103,414 shares of the real estate investment trust’s stock worth $25,200,000 after acquiring an additional 311,006 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of LXP Industrial Trust by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,331,857 shares of the real estate investment trust’s stock valued at $43,295,000 after purchasing an additional 46,050 shares during the last quarter. Institutional investors own 93.52% of the company’s stock.

LXP Industrial Trust Price Performance

Shares of NYSE:LXP opened at $8.40 on Friday. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $2.48 billion, a PE ratio of 64.58 and a beta of 1.02. The firm’s 50 day moving average price is $8.20 and its 200-day moving average price is $8.55. LXP Industrial Trust has a twelve month low of $6.85 and a twelve month high of $10.57.

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

LXP Industrial Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 6.43%. The ex-dividend date was Monday, March 31st. LXP Industrial Trust’s payout ratio is 270.00%.

Wall Street Analysts Forecast Growth

LXP has been the topic of several research reports. KeyCorp dropped their target price on shares of 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 reissued a “market perform” rating on shares of LXP Industrial Trust in a report on Monday, May 5th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.00.

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.