Cornerstone Investment Partners LLC Makes New Investment in LXP Industrial Trust (NYSE:LXP)

Cornerstone Investment Partners LLC bought a new position in shares of LXP Industrial Trust (NYSE:LXP) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 17,313 shares of the real estate investment trust’s stock, valued at approximately $172,000.

A number of other large investors also recently bought and sold shares of the company. LFA Lugano Financial Advisors SA bought a new stake in shares of LXP Industrial Trust in the 3rd quarter worth approximately $57,000. Lazard Asset Management LLC bought a new stake in shares of LXP Industrial Trust in the 2nd quarter worth approximately $93,000. Advisor Group Holdings Inc. lifted its holdings in shares of LXP Industrial Trust by 81.1% in the 1st quarter. Advisor Group Holdings Inc. now owns 9,880 shares of the real estate investment trust’s stock worth $198,000 after purchasing an additional 4,423 shares during the last quarter. Sherbrooke Park Advisers LLC bought a new stake in shares of LXP Industrial Trust in the 3rd quarter worth approximately $90,000. Finally, First Trust Direct Indexing L.P. bought a new stake in shares of LXP Industrial Trust in the 3rd quarter worth approximately $90,000. Institutional investors own 93.52% of the company’s stock.

LXP Industrial Trust Stock Up 1.3 %

Shares of LXP Industrial Trust stock opened at $8.58 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.29 and a quick ratio of 0.29. LXP Industrial Trust has a 1-year low of $7.75 and a 1-year high of $10.75. The business’s fifty day moving average price is $8.86 and its two-hundred day moving average price is $8.92. The company has a market capitalization of $2.53 billion, a P/E ratio of 107.26 and a beta of 0.80.

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

LXP Industrial Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a dividend of $0.13 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.52 dividend on an annualized basis and a yield of 6.06%. LXP Industrial Trust’s dividend payout ratio (DPR) is presently 650.08%.

Wall Street Analysts Forecast Growth

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

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.