Fox Run Management L.L.C. Has $99,000 Holdings in LXP Industrial Trust (NYSE:LXP)

Fox Run Management L.L.C. decreased its holdings in shares of LXP Industrial Trust (NYSE:LXP) by 69.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,131 shares of the real estate investment trust’s stock after selling 27,297 shares during the quarter. Fox Run Management L.L.C.’s holdings in LXP Industrial Trust were worth $99,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Geode Capital Management LLC grew its holdings 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 valued at $74,271,000 after acquiring an additional 92,409 shares in the last quarter. Aew Capital Management L P boosted its position in LXP Industrial Trust by 72.5% during the fourth 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 purchasing an additional 2,445,084 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in LXP Industrial Trust by 0.9% in 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 in the last quarter. William Blair Investment Management LLC increased its position in shares of LXP Industrial Trust by 2.5% during the 4th quarter. William Blair Investment Management LLC now owns 4,009,976 shares of the real estate investment trust’s stock worth $32,561,000 after purchasing an additional 97,191 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of LXP Industrial Trust by 11.1% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,103,414 shares of the real estate investment trust’s stock valued at $25,200,000 after buying an additional 311,006 shares during the last quarter. Institutional investors own 93.52% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JMP Securities restated a “market perform” rating on shares of LXP Industrial Trust in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $11.33.

LXP Industrial Trust Stock Performance

Shares of NYSE LXP 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 company has a market capitalization of $2.59 billion, a P/E ratio of 67.27 and a beta of 0.89. LXP Industrial Trust has a 12 month low of $7.65 and a 12 month high of $10.57. The stock has a 50 day moving average of $8.69 and a 200-day moving average of $9.04.

LXP Industrial Trust (NYSE:LXP) last released its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.18. The firm had revenue of $100.85 million during the quarter, compared to analysts’ expectations of $84.57 million. LXP Industrial Trust had a net margin of 12.40% and a return on equity of 2.15%. As a group, equities research analysts predict that LXP Industrial Trust will post 0.63 EPS for the current year.

LXP Industrial Trust Announces Dividend

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

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.