Prudential Financial Inc. Has $10.17 Million Stock Position in LXP Industrial Trust (NYSE:LXP)

Prudential Financial Inc. lessened its holdings in shares of LXP Industrial Trust (NYSE:LXP) by 76.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,251,989 shares of the real estate investment trust’s stock after selling 3,985,137 shares during the period. Prudential Financial Inc. owned approximately 0.43% of LXP Industrial Trust worth $10,166,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of LXP Industrial Trust by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 45,849,663 shares of the real estate investment trust’s stock valued at $372,299,000 after buying an additional 243,372 shares during the period. Geode Capital Management LLC lifted its position in shares of LXP Industrial Trust by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 7,388,828 shares of the real estate investment trust’s stock worth $74,271,000 after acquiring an additional 92,409 shares during the period. Aew Capital Management L P lifted its position in shares of LXP Industrial Trust by 72.5% in the 4th quarter. Aew Capital Management L P now owns 5,815,781 shares of the real estate investment trust’s stock worth $47,224,000 after acquiring an additional 2,445,084 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of LXP Industrial Trust by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,331,857 shares of the real estate investment trust’s stock worth $43,295,000 after purchasing an additional 46,050 shares in the last quarter. Finally, William Blair Investment Management LLC increased its position in shares of LXP Industrial Trust by 2.5% during the fourth quarter. William Blair Investment Management LLC now owns 4,009,976 shares of the real estate investment trust’s stock valued at $32,561,000 after purchasing an additional 97,191 shares during the period. 93.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reiterated a “market perform” rating on shares of LXP Industrial Trust in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $11.33.

LXP Industrial Trust Price Performance

LXP Industrial Trust stock opened at $8.75 on Friday. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $2.59 billion, a P/E ratio of 67.27 and a beta of 0.89. The business has a 50-day moving average of $8.69 and a 200-day moving average of $9.04. LXP Industrial Trust has a 1 year low of $7.65 and a 1 year high of $10.57.

LXP Industrial Trust (NYSE:LXP) last posted its earnings results on Thursday, February 13th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.18. LXP Industrial Trust had a return on equity of 2.15% and a net margin of 12.40%. The firm had revenue of $100.85 million during the quarter, compared to analysts’ expectations of $84.57 million. On average, equities analysts anticipate that LXP Industrial Trust will post 0.63 EPS for the current year.

LXP Industrial Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.135 per share. The ex-dividend date is Monday, March 31st. This represents a $0.54 annualized dividend and a dividend yield of 6.17%. LXP Industrial Trust’s dividend payout ratio is currently 415.38%.

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.