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

Nomura Asset Management Co. Ltd. increased its holdings in LXP Industrial Trust (NYSE:LXP) by 4.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 384,100 shares of the real estate investment trust’s stock after acquiring an additional 18,000 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.13% of LXP Industrial Trust worth $3,119,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in LXP. Wealthfront Advisers LLC purchased a new stake in LXP Industrial Trust in the fourth quarter worth about $80,000. Proficio Capital Partners LLC purchased a new position in shares of LXP Industrial Trust in the 4th quarter valued at approximately $83,000. Wealth Advisory Solutions LLC purchased a new position in shares of LXP Industrial Trust in the 4th quarter valued at approximately $91,000. Sequoia Financial Advisors LLC bought a new stake in shares of LXP Industrial Trust during the fourth quarter valued at approximately $92,000. Finally, First Hawaiian Bank purchased a new stake in LXP Industrial Trust in the fourth quarter worth $100,000. Institutional investors own 93.52% of the company’s stock.

Analyst Ratings Changes

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 issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $11.33.

LXP Industrial Trust Stock Performance

Shares of LXP opened at $8.69 on Wednesday. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.57 billion, a P/E ratio of 66.81 and a beta of 0.89. The business’s 50 day moving average price is $8.70 and its 200-day moving average price is $9.01. LXP Industrial Trust has a 52 week low of $7.65 and a 52 week high of $10.57.

LXP Industrial Trust (NYSE:LXP) last released its earnings results on Thursday, February 13th. The real estate investment trust reported $0.16 EPS for the quarter, topping the consensus estimate 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 business had revenue of $100.85 million for the quarter, compared to the consensus estimate of $84.57 million. Equities research analysts anticipate that LXP Industrial Trust will post 0.63 earnings per share for the current fiscal year.

LXP Industrial Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.135 per share. The ex-dividend date is Monday, March 31st. This represents a $0.54 dividend on an annualized basis and a yield of 6.22%. 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.