Doheny Asset Management CA Sells 5,051 Shares of LXP Industrial Trust (NYSE:LXP)

Doheny Asset Management CA trimmed its position in shares of LXP Industrial Trust (NYSE:LXP) by 6.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,299 shares of the real estate investment trust’s stock after selling 5,051 shares during the period. Doheny Asset Management CA’s holdings in LXP Industrial Trust were worth $697,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its stake in LXP Industrial Trust by 869.1% during the fourth quarter. International Assets Investment Management LLC now owns 177,042 shares of the real estate investment trust’s stock valued at $17,847,000 after acquiring an additional 158,774 shares during the period. Aew Capital Management L P bought a new position in LXP Industrial Trust during the fourth quarter valued at about $4,643,000. Adage Capital Partners GP L.L.C. increased its stake in LXP Industrial Trust by 180.0% during the third quarter. Adage Capital Partners GP L.L.C. now owns 2,100,000 shares of the real estate investment trust’s stock valued at $18,690,000 after acquiring an additional 1,350,000 shares during the period. California Public Employees Retirement System increased its stake in LXP Industrial Trust by 17.9% during the third quarter. California Public Employees Retirement System now owns 1,468,327 shares of the real estate investment trust’s stock valued at $13,068,000 after acquiring an additional 222,726 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. grew its stake in shares of LXP Industrial Trust by 4.5% in the 3rd quarter. Van Lanschot Kempen Investment Management N.V. now owns 1,394,400 shares of the real estate investment trust’s stock valued at $12,410,000 after purchasing an additional 60,100 shares during the period. 93.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded LXP Industrial Trust from a “sell” rating to a “hold” rating in a research note on Thursday, April 25th.

LXP Industrial Trust Price Performance

Shares of LXP stock traded up $0.21 during trading hours on Thursday, hitting $8.66. The company had a trading volume of 1,023,554 shares, compared to its average volume of 2,387,246. LXP Industrial Trust has a 12 month low of $7.75 and a 12 month high of $10.75. The firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of 108.01 and a beta of 0.82. The firm’s fifty day moving average is $8.82 and its 200 day moving average is $8.92. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.29.

LXP Industrial Trust (NYSE:LXP) last released its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.13). LXP Industrial Trust had a net margin of 8.92% and a return on equity of 1.37%. The company had revenue of $83.00 million during the quarter, compared to the consensus estimate of $83.74 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, sell-side analysts predict that LXP Industrial Trust will post 0.64 EPS for the current fiscal year.

LXP Industrial Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 6.00%. The ex-dividend date was Wednesday, March 27th. LXP Industrial Trust’s payout ratio is currently 650.08%.

LXP Industrial Trust 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.