LXP Industrial Trust (NYSE:LXP) Director Arun Gupta Acquires 9,100 Shares

LXP Industrial Trust (NYSE:LXP – Get Rating) Director Arun Gupta bought 9,100 shares of the company in a trade on Friday, June 10. The shares were purchased at an average cost of $10.88 per share, with a total value of $99,008.00. Following the purchase, the director now owns 16,865 shares of the company, valued at $183,491.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of LXP traded down $0.45 in midday trading on Monday, hitting $10.39. 46,499 shares were traded, against an average volume of 2,735,870. LXP Industrial Trust has a 1-year low of $10.83 and a 1-year high of $16.10. The company’s 50-day moving average is $12.35 and its two-hundred-day moving average is $14.16. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt ratio of 0.19. The company has a market capitalization of $2.99 ​​billion, a PE ratio of 8.59, a growth price-earnings ratio of 10.05 and a beta of 0.75.

LXP Industrial Trust (NYSE:LXP – Get Rating) last released its quarterly results on Thursday, May 5. The real estate investment trust reported earnings per share of $0.03 for the quarter, beating the consensus estimate of $0.01 by $0.02. The company posted revenue of $80.30 million for the quarter, versus a consensus estimate of $80.69 million. LXP Industrial Trust had a return on equity of 16.80% and a net margin of 106.18%. The company’s quarterly revenue fell 13.3% from the same quarter last year. In the same quarter a year earlier, the company posted EPS of $0.22. As a group, equity analysts expect LXP Industrial Trust to post EPS of 0.62 for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, April 18. Investors of record on Thursday, March 31 received a dividend of $0.12. The ex-dividend date was Wednesday, March 30. This represents a dividend of $0.48 on an annualized basis and a yield of 4.62%. LXP Industrial Trust’s dividend payout ratio is currently 39.67%.

A number of equity research analysts have weighed in on LXP shares recently. Bank of America began covering LXP Industrial Trust in a research note on Monday, April 18. They issued an “underperforming” rating and a target price of $14.00 for the company. StockNews.com downgraded LXP Industrial Trust from a “held” rating to a “sell” rating in a Tuesday, May 24 research rating. Finally, TheStreet downgraded LXP Industrial Trust from a “b” rating to a “c+” rating in a Thursday, May 5 research note. Two investment analysts have assigned the stock a sell rating, one has issued a hold rating and two have assigned the company a buy rating. According to MarketBeat.com, LXP Industrial Trust currently has a consensus rating of “Hold” and a consensus price target of $15.75.

A number of institutional investors have recently changed their positions in LXP. First Trust Advisors LP increased its stake in LXP Industrial Trust by 84.1% in Q1. First Trust Advisors LP now owns 287,289 shares of the real estate investment trust worth $2,603,000 after purchasing an additional 131,277 shares during the period. Morgan Stanley increased its stake in LXP Industrial Trust by 42.5% in the second quarter. Morgan Stanley now owns 1,506,952 shares of the real estate investment trust worth $18,008,000 after buying an additional 449,672 shares last quarter. Advisor Group Holdings Inc. increased its stake in LXP Industrial Trust by 14.9% in Q3. Advisor Group Holdings Inc. now owns 5,812 shares of the real estate investment trust worth $74,000 after purchasing an additional 754 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in LXP Industrial Trust in Q3 for $196,000. Finally, Franklin Resources Inc. increased its position in LXP Industrial Trust shares by 1,003.2% during the third quarter. Franklin Resources Inc. now owns 128,230 shares of the real estate investment trust valued at $1,635,000 after buying an additional 116,607 shares last quarter. 98.07% of the shares are currently held by institutional investors.

About LXP Industrial Trust (Get a rating)

Lexington Realty Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) that holds a portfolio of real estate assets consisting primarily of equity investments in single-tenant net leased industrial properties in the United States. Lexington seeks to expand its industrial portfolio through custom build transactions, sale-leaseback transactions and other transactions, including acquisitions.

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