Nebula Research & Development LLC Has $358,000 Stake in LXP Industrial Trust (NYSE:LXP)

Nebula Research & Development LLC lifted its position in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 340.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 44,059 shares of the real estate investment trust's stock after buying an additional 34,048 shares during the period. Nebula Research & Development LLC's holdings in LXP Industrial Trust were worth $358,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in LXP. Sterling Capital Management LLC raised its position in LXP Industrial Trust by 805.0% in 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 purchasing an additional 8,147 shares during the period. Wealthfront Advisers LLC bought a new stake in LXP Industrial Trust in the fourth quarter valued at about $80,000. Townsquare Capital LLC acquired a new stake in LXP Industrial Trust during the fourth quarter valued at approximately $82,000. Proficio Capital Partners LLC bought a new position in LXP Industrial Trust during the 4th quarter worth approximately $83,000. Finally, Wealth Advisory Solutions LLC acquired a new position in shares of LXP Industrial Trust in the 4th quarter worth approximately $91,000. Institutional investors and hedge funds own 93.52% of the company's stock.

Analysts Set New Price Targets

LXP has been the subject of a number of analyst reports. JMP Securities restated a "market perform" rating on shares of LXP Industrial Trust in a research report on Monday. KeyCorp reduced their price target on shares of LXP Industrial Trust from $11.00 to $10.00 and set an "overweight" rating for the company in a report on Friday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $11.00.

LXP Industrial Trust Stock Down 0.7 %

LXP traded down $0.05 during trading on Tuesday, reaching $8.01. 277,015 shares of the stock traded hands, compared to its average volume of 2,200,821. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.16 and a quick ratio of 0.16. LXP Industrial Trust has a fifty-two week low of $6.85 and a fifty-two week high of $10.57. The stock's 50-day simple moving average is $8.36 and its two-hundred day simple moving average is $8.63. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of 61.64 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 (EPS) for the quarter, hitting analysts' consensus estimates of $0.16. The firm had revenue of $87.89 million during the quarter, compared to analysts' expectations of $84.72 million. LXP Industrial Trust had a net margin of 12.40% and a return on equity of 2.15%. LXP Industrial Trust's revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.16 earnings per share. As a group, equities research analysts expect that LXP Industrial Trust will post 0.63 EPS for the current year.

LXP Industrial Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.135 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.54 annualized dividend and a dividend yield of 6.74%. LXP Industrial Trust's payout ratio is 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.