Proficio Capital Partners LLC Acquires Shares of 10,199 LXP Industrial Trust (NYSE:LXP)

Proficio Capital Partners LLC bought a new position in shares of LXP Industrial Trust (NYSE:LXP) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 10,199 shares of the real estate investment trust’s stock, valued at approximately $83,000.

Other large investors have also made changes to their positions in the company. Wealth Advisory Solutions LLC acquired a new position in LXP Industrial Trust in the fourth quarter valued at approximately $91,000. First Hawaiian Bank acquired a new position in shares of LXP Industrial Trust in the 4th quarter valued at $100,000. KBC Group NV lifted its stake in shares of LXP Industrial Trust by 30.6% in the 4th quarter. KBC Group NV now owns 13,283 shares of the real estate investment trust’s stock valued at $108,000 after purchasing an additional 3,113 shares during the period. Blue Trust Inc. boosted its position in shares of LXP Industrial Trust by 22.8% in the 4th quarter. Blue Trust Inc. now owns 15,089 shares of the real estate investment trust’s stock worth $123,000 after purchasing an additional 2,798 shares during the last quarter. Finally, Paloma Partners Management Co acquired a new stake in shares of LXP Industrial Trust during the third quarter worth $177,000. Institutional investors and hedge funds own 93.52% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JMP Securities reissued a “market perform” rating on shares of LXP Industrial Trust in a 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 stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $11.33.

LXP Industrial Trust Stock Down 0.7 %

LXP opened at $8.75 on Friday. The stock’s fifty day simple moving average is $8.69 and its 200 day simple moving average is $9.04. LXP Industrial Trust has a 1-year low of $7.65 and a 1-year high of $10.57. The stock has a market cap of $2.59 billion, a PE ratio of 67.27 and a beta of 0.89. 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 (NYSE:LXP) last issued its quarterly earnings results 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. The business had revenue of $100.85 million during the quarter, compared to analysts’ expectations of $84.57 million. LXP Industrial Trust had a return on equity of 2.15% and a net margin of 12.40%. As a group, research analysts expect that LXP Industrial Trust will post 0.63 earnings per share for the current year.

LXP Industrial Trust Dividend Announcement

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 paid a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 6.17%. The ex-dividend date of this dividend is Monday, March 31st. LXP Industrial Trust’s dividend payout ratio (DPR) 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.