Tidal Investments LLC Acquires Shares of 70,410 LXP Industrial Trust (NYSE:LXP)

Tidal Investments LLC acquired a new position in shares of LXP Industrial Trust (NYSE:LXP - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 70,410 shares of the real estate investment trust's stock, valued at approximately $572,000.

A number of other institutional investors and hedge funds have also made changes to their positions in LXP. Sterling Capital Management LLC grew its position in shares of LXP Industrial Trust by 805.0% during the fourth quarter. Sterling Capital Management LLC now owns 9,159 shares of the real estate investment trust's stock worth $74,000 after buying an additional 8,147 shares in the last quarter. Wealthfront Advisers LLC purchased a new stake in LXP Industrial Trust during the fourth quarter worth approximately $80,000. Townsquare Capital LLC purchased a new stake in LXP Industrial Trust during the fourth quarter worth approximately $82,000. Proficio Capital Partners LLC purchased a new stake in LXP Industrial Trust during the fourth quarter worth approximately $83,000. Finally, Two Sigma Securities LLC purchased a new stake in LXP Industrial Trust during the fourth quarter worth approximately $90,000. 93.52% of the stock is owned by institutional investors and hedge funds.

LXP Industrial Trust Stock Performance

NYSE LXP traded up $0.02 on Monday, reaching $8.60. The stock had a trading volume of 2,413,825 shares, compared to its average volume of 2,287,895. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.16 and a current ratio of 0.16. LXP Industrial Trust has a 12-month low of $6.85 and a 12-month high of $10.57. The business's 50-day moving average price is $8.08 and its 200 day moving average price is $8.47. The stock has a market cap of $2.54 billion, a P/E ratio of 66.16 and a beta of 1.02.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share for the quarter, meeting analysts' consensus estimates of $0.16. LXP Industrial Trust had a return on equity of 2.15% and a net margin of 12.40%. The company had revenue of $87.89 million during the quarter, compared to analysts' expectations of $84.72 million. During the same quarter in the previous year, the business earned $0.16 earnings per share. The firm's revenue for the quarter was up 3.0% on a year-over-year basis. As a group, equities analysts expect that LXP Industrial Trust will post 0.63 earnings per share for the current year.

LXP Industrial Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 6.28%. The ex-dividend date of this dividend was Monday, March 31st. LXP Industrial Trust's dividend payout ratio is currently 270.00%.

Analysts Set New Price Targets

LXP has been the subject of several recent analyst reports. JMP Securities restated a "market perform" rating on shares of LXP Industrial Trust in a research note on Monday, May 5th. KeyCorp decreased their target price on LXP Industrial Trust from $11.00 to $10.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $11.00.

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.