Greenland Capital Management LP Makes New $815,000 Investment in LXP Industrial Trust (NYSE:LXP)

Greenland Capital Management LP purchased a new position in LXP Industrial Trust (NYSE:LXP) 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.

Several other institutional investors and hedge funds have also made changes to their positions in LXP. HighTower Advisors LLC boosted its position in LXP Industrial Trust by 2.6% in the 3rd quarter. HighTower Advisors LLC now owns 52,755 shares of the real estate investment trust’s stock valued at $530,000 after buying an additional 1,333 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in LXP Industrial Trust by 6.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 55,731 shares of the real estate investment trust’s stock worth $560,000 after purchasing an additional 3,544 shares during the period. Wellington Management Group LLP increased its stake in shares of LXP Industrial Trust by 3.9% during the third quarter. Wellington Management Group LLP now owns 2,650,679 shares of the real estate investment trust’s stock valued at $26,639,000 after buying an additional 98,437 shares during the period. Jane Street Group LLC raised its holdings in shares of LXP Industrial Trust by 101.3% in the third quarter. Jane Street Group LLC now owns 546,430 shares of the real estate investment trust’s stock valued at $5,492,000 after acquiring an additional 274,933 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in LXP Industrial Trust during the 3rd quarter worth about $473,000. 93.52% of the stock is currently owned by institutional investors.

LXP Industrial Trust Stock Down 4.4 %

Shares of LXP Industrial Trust stock opened at $7.22 on Wednesday. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.21. The company has a market cap of $2.13 billion, a P/E ratio of 55.50 and a beta of 0.95. The firm’s 50 day moving average price is $8.63 and its 200-day moving average price is $8.92. LXP Industrial Trust has a 52-week low of $5.94 and a 52-week high of $10.57.

LXP Industrial Trust (NYSE:LXP) last released its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.18. LXP Industrial Trust had a net margin of 12.40% and a return on equity of 2.15%. The business had revenue of $100.85 million for the quarter, compared to analyst estimates of $84.57 million. On average, sell-side analysts predict that LXP Industrial Trust will post 0.63 EPS for the current fiscal year.

LXP Industrial Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 7.48%. The ex-dividend date of this dividend is Monday, March 31st. LXP Industrial Trust’s dividend payout ratio is presently 415.38%.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reissued a “market perform” rating on shares of LXP Industrial Trust in a report 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. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $11.33.

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.