Nebula Research & Development LLC boosted its holdings in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 340.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,059 shares of the real estate investment trust's stock after acquiring an additional 34,048 shares during the period. Nebula Research & Development LLC's holdings in LXP Industrial Trust were worth $358,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of LXP. Sterling Capital Management LLC raised its stake in 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 valued at $74,000 after buying an additional 8,147 shares during the last quarter. Wealthfront Advisers LLC purchased a new position in shares of LXP Industrial Trust in the 4th quarter worth about $80,000. Townsquare Capital LLC bought a new position in LXP Industrial Trust in the 4th quarter worth about $82,000. Proficio Capital Partners LLC purchased a new stake in LXP Industrial Trust during the 4th quarter valued at about $83,000. Finally, Wealth Advisory Solutions LLC bought a new stake in LXP Industrial Trust during the 4th quarter valued at about $91,000. Institutional investors own 93.52% of the company's stock.
LXP Industrial Trust Stock Performance
LXP traded down $0.02 during mid-day trading on Monday, reaching $8.13. 992,920 shares of the company traded hands, compared to its average volume of 2,475,422. The company's fifty day moving average price is $8.37 and its 200-day moving average price is $8.64. The stock has a market capitalization of $2.40 billion, a P/E ratio of 62.53 and a beta of 0.95. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.21. LXP Industrial Trust has a 52-week low of $6.85 and a 52-week high of $10.56.
LXP Industrial Trust (NYSE:LXP - Get Free Report) last posted its earnings results 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. The company had revenue of $87.89 million for the quarter, compared to the consensus estimate of $84.72 million. LXP Industrial Trust had a return on equity of 2.15% and a net margin of 12.40%. LXP Industrial Trust's revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.16 earnings per share. On average, sell-side analysts expect that LXP Industrial Trust will post 0.63 EPS for the current year.
LXP Industrial Trust Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders 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 dividend on an annualized basis and a yield of 6.64%. LXP Industrial Trust's dividend payout ratio is currently 415.38%.
Analyst Upgrades and Downgrades
LXP has been the topic of a number of recent analyst reports. 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 report on Friday. JMP Securities reissued a "market perform" rating on shares of LXP Industrial Trust in a report on Monday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $11.00.
View Our Latest Stock Analysis on LXP Industrial Trust
About LXP Industrial Trust
(
Free Report)
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.
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