Farringdon Capital Ltd. Invests $211,000 in LXP Industrial Trust (NYSE:LXP)

Farringdon Capital Ltd. purchased a new stake in LXP Industrial Trust (NYSE:LXP) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 25,940 shares of the real estate investment trust’s stock, valued at approximately $211,000.

Other hedge funds have also bought and sold shares of the company. Sterling Capital Management LLC grew its position in shares of LXP Industrial Trust by 805.0% during the 4th quarter. Sterling Capital Management LLC now owns 9,159 shares of the real estate investment trust’s stock worth $74,000 after purchasing an additional 8,147 shares in the last quarter. Wealthfront Advisers LLC bought a new stake in shares of LXP Industrial Trust in the fourth quarter valued at approximately $80,000. Townsquare Capital LLC acquired a new stake in LXP Industrial Trust during the fourth quarter worth approximately $82,000. Proficio Capital Partners LLC bought a new position in LXP Industrial Trust during the 4th quarter worth $83,000. Finally, Wealth Advisory Solutions LLC acquired a new position in LXP Industrial Trust in the 4th quarter valued at $91,000. 93.52% of the stock is owned by institutional investors.

LXP Industrial Trust Stock Performance

NYSE LXP opened at $7.76 on Friday. The firm’s 50 day simple moving average is $8.51 and its 200 day simple moving average is $8.77. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 59.67 and a beta of 0.95. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.21. LXP Industrial Trust has a 1 year low of $6.85 and a 1 year high of $10.57.

LXP Industrial Trust (NYSE:LXP) last posted its earnings results on Thursday, February 13th. The real estate investment trust reported $0.16 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $100.85 million during the quarter, compared to analysts’ expectations of $84.57 million. As a group, research analysts expect that LXP Industrial Trust will post 0.63 earnings per share for the current fiscal year.

LXP Industrial Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 6.96%. The ex-dividend date of this dividend was Monday, March 31st. LXP Industrial Trust’s dividend payout ratio (DPR) is currently 415.38%.

Analysts Set New Price Targets

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

About LXP Industrial Trust

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.