Greenland Capital Management LP Takes Position in LXP Industrial Trust (NYSE:LXP)

Greenland Capital Management LP purchased a new position in LXP Industrial Trust (NYSE:LXP - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 100,325 shares of the real estate investment trust's stock, valued at approximately $815,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nomura Asset Management Co. Ltd. grew its position in shares of LXP Industrial Trust by 0.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 366,100 shares of the real estate investment trust's stock worth $3,679,000 after buying an additional 1,100 shares during the last quarter. HighTower Advisors LLC grew its holdings in LXP Industrial Trust by 2.6% in the third quarter. HighTower Advisors LLC now owns 52,755 shares of the real estate investment trust's stock worth $530,000 after purchasing an additional 1,333 shares during the last quarter. CIBC Asset Management Inc grew its holdings in LXP Industrial Trust by 4.9% in the fourth quarter. CIBC Asset Management Inc now owns 29,220 shares of the real estate investment trust's stock worth $237,000 after purchasing an additional 1,365 shares during the last quarter. Rhumbline Advisers increased its position in shares of LXP Industrial Trust by 0.3% during the fourth quarter. Rhumbline Advisers now owns 946,380 shares of the real estate investment trust's stock worth $7,685,000 after purchasing an additional 2,543 shares in the last quarter. Finally, Orion Portfolio Solutions LLC lifted its holdings in shares of LXP Industrial Trust by 2.8% during the 4th quarter. Orion Portfolio Solutions LLC now owns 98,309 shares of the real estate investment trust's stock valued at $798,000 after purchasing an additional 2,688 shares during the last quarter. 93.52% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

Separately, JMP Securities reiterated a "market perform" rating on shares of LXP Industrial Trust in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, LXP Industrial Trust has a consensus rating of "Hold" and a consensus price target of $11.33.

LXP Industrial Trust Price Performance

Shares of LXP traded up $0.08 during trading hours on Monday, hitting $7.63. 494,633 shares of the stock were exchanged, compared to its average volume of 2,434,779. The stock's 50-day moving average price is $8.57 and its two-hundred day moving average price is $8.84. LXP Industrial Trust has a 12-month low of $6.85 and a 12-month high of $10.56. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.16 and a current ratio of 0.16. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 58.70 and a beta of 0.95.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.16 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 during the quarter, compared to analysts' expectations of $84.57 million. Research analysts expect that LXP Industrial Trust will post 0.63 earnings per share for the current year.

LXP Industrial Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 7.08%. The ex-dividend date of this dividend is Monday, March 31st. LXP Industrial Trust's payout ratio is 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.