Farringdon Capital Ltd. Buys New Position in LXP Industrial Trust (NYSE:LXP)

Farringdon Capital Ltd. purchased a new position in shares of LXP Industrial Trust (NYSE:LXP) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 25,940 shares of the real estate investment trust’s stock, valued at approximately $211,000.

Other hedge funds also recently made changes to their positions in the company. Evergreen Capital Management LLC boosted its holdings in LXP Industrial Trust by 1,993.3% during the fourth quarter. Evergreen Capital Management LLC now owns 902,167 shares of the real estate investment trust’s stock worth $7,447,000 after purchasing an additional 859,069 shares during the last quarter. XTX Topco Ltd grew its holdings in shares of LXP Industrial Trust by 56.5% in the 4th quarter. XTX Topco Ltd now owns 73,689 shares of the real estate investment trust’s stock valued at $598,000 after acquiring an additional 26,618 shares in the last quarter. Mariner LLC increased its position in shares of LXP Industrial Trust by 10.6% in the fourth quarter. Mariner LLC now owns 35,384 shares of the real estate investment trust’s stock valued at $287,000 after acquiring an additional 3,395 shares during the last quarter. Barclays PLC increased its position in shares of LXP Industrial Trust by 5.6% in the fourth quarter. Barclays PLC now owns 530,736 shares of the real estate investment trust’s stock valued at $4,309,000 after acquiring an additional 28,188 shares during the last quarter. Finally, Summit Investment Advisors Inc. raised its holdings in LXP Industrial Trust by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 30,409 shares of the real estate investment trust’s stock worth $247,000 after acquiring an additional 1,931 shares in the last quarter. 93.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, JMP Securities reaffirmed a “market perform” rating on shares of LXP Industrial Trust in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, LXP Industrial Trust presently has an average rating of “Hold” and an average target price of $11.33.

LXP Industrial Trust Stock Up 0.5 %

Shares of LXP stock opened at $7.76 on Friday. LXP Industrial Trust has a 52-week low of $6.85 and a 52-week high of $10.57. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 59.67 and a beta of 0.95. The firm’s 50-day moving average is $8.51 and its 200-day moving average is $8.77. 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 (NYSE:LXP) last released its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.18. LXP Industrial Trust had a return on equity of 2.15% and a net margin of 12.40%. The firm had revenue of $100.85 million for the quarter, compared to analyst estimates of $84.57 million. Sell-side analysts predict 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 given a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 6.96%. The ex-dividend date was Monday, March 31st. LXP Industrial Trust’s payout ratio is presently 415.38%.

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.