70,410 Shares in LXP Industrial Trust (NYSE:LXP) Purchased by Tidal Investments LLC

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

Several other institutional investors also recently bought and sold shares of LXP. State of Wyoming lifted its holdings in shares of LXP Industrial Trust by 181.0% during the 4th quarter. State of Wyoming now owns 33,776 shares of the real estate investment trust's stock valued at $274,000 after purchasing an additional 21,757 shares during the last quarter. Systematic Financial Management LP increased its position in LXP Industrial Trust by 9.3% during the 4th quarter. Systematic Financial Management LP now owns 2,922,010 shares of the real estate investment trust's stock valued at $23,727,000 after buying an additional 248,509 shares in the last quarter. ProShare Advisors LLC raised its stake in LXP Industrial Trust by 44.4% in the fourth quarter. ProShare Advisors LLC now owns 87,681 shares of the real estate investment trust's stock valued at $712,000 after buying an additional 26,967 shares during the last quarter. Quantinno Capital Management LP acquired a new stake in LXP Industrial Trust in the fourth quarter worth about $171,000. Finally, Nissay Asset Management Corp Japan ADV grew its stake in shares of LXP Industrial Trust by 4.0% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 44,019 shares of the real estate investment trust's stock worth $362,000 after acquiring an additional 1,681 shares during the last quarter. 93.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. JMP Securities restated a "market perform" rating on shares of LXP Industrial Trust in a report on Monday, May 5th. KeyCorp cut their price target on shares of LXP Industrial Trust from $11.00 to $10.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $11.00.

LXP Industrial Trust Stock Performance

Shares of LXP stock traded up $0.02 during mid-day trading on Friday, reaching $8.59. The stock had a trading volume of 3,274,385 shares, compared to its average volume of 2,288,294. The business's fifty day moving average is $8.09 and its 200-day moving average is $8.49. 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 firm has a market cap of $2.54 billion, a price-to-earnings ratio of 66.08 and a beta of 1.02. LXP Industrial Trust has a 1-year low of $6.85 and a 1-year high of $10.57.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $0.16 EPS 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 firm had revenue of $87.89 million for the quarter, compared to analyst estimates of $84.72 million. During the same quarter in the prior year, the firm earned $0.16 earnings per share. LXP Industrial Trust's revenue for the quarter was up 3.0% on a year-over-year basis. On average, research analysts forecast that LXP Industrial Trust will post 0.63 earnings per share for the current year.

LXP Industrial Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.135 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.54 annualized dividend and a dividend yield of 6.29%. LXP Industrial Trust's dividend payout ratio (DPR) is presently 270.00%.

LXP Industrial Trust 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.