Nomura Asset Management Co. Ltd. Boosts Stake in LXP Industrial Trust (NYSE:LXP)

Nomura Asset Management Co. Ltd. lifted its holdings in shares of LXP Industrial Trust (NYSE:LXP) by 4.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 384,100 shares of the real estate investment trust’s stock after buying an additional 18,000 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in LXP Industrial Trust were worth $3,119,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of LXP. New Age Alpha Advisors LLC purchased a new stake in shares of LXP Industrial Trust during the 4th quarter valued at about $887,000. Norges Bank purchased a new stake in LXP Industrial Trust in the fourth quarter worth approximately $40,114,000. Vanguard Group Inc. grew its position in LXP Industrial Trust by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 45,849,663 shares of the real estate investment trust’s stock worth $372,299,000 after purchasing an additional 243,372 shares during the period. LPL Financial LLC raised its stake in LXP Industrial Trust by 16.5% during the 4th quarter. LPL Financial LLC now owns 97,101 shares of the real estate investment trust’s stock valued at $788,000 after buying an additional 13,758 shares during the last quarter. Finally, Samalin Investment Counsel LLC bought a new position in shares of LXP Industrial Trust during the 4th quarter valued at $212,000. 93.52% of the stock is currently owned by institutional investors.

LXP Industrial Trust Stock Up 0.4 %

LXP opened at $8.69 on Wednesday. LXP Industrial Trust has a 1-year low of $7.65 and a 1-year high of $10.57. The firm’s 50 day simple moving average is $8.70 and its two-hundred day simple moving average is $9.01. 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 $2.57 billion, a PE ratio of 66.81 and a beta of 0.89.

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

LXP Industrial Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 6.22%. The ex-dividend date is Monday, March 31st. LXP Industrial Trust’s dividend payout ratio is 415.38%.

Wall Street Analyst Weigh In

Separately, JMP Securities reaffirmed a “market perform” rating on shares of LXP Industrial Trust in a report on Friday, February 14th. One investment 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’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $11.33.

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.