Jane Street Group LLC Has $124,000 Stock Position in LXP Industrial Trust (NYSE:LXP)

Jane Street Group LLC reduced its position in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 97.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,312 shares of the real estate investment trust's stock after selling 531,118 shares during the period. Jane Street Group LLC's holdings in LXP Industrial Trust were worth $124,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Sterling Capital Management LLC increased its holdings in shares of LXP Industrial Trust by 805.0% during the fourth quarter. Sterling Capital Management LLC now owns 9,159 shares of the real estate investment trust's stock worth $74,000 after buying an additional 8,147 shares in the last quarter. Wealthfront Advisers LLC acquired a new position in shares of LXP Industrial Trust during the fourth quarter worth $80,000. Townsquare Capital LLC acquired a new position in shares of LXP Industrial Trust during the fourth quarter worth $82,000. Proficio Capital Partners LLC acquired a new position in shares of LXP Industrial Trust during the fourth quarter worth $83,000. Finally, Two Sigma Securities LLC acquired a new position in shares of LXP Industrial Trust during the fourth quarter worth $90,000. 93.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LXP. KeyCorp lowered their price target on shares of LXP Industrial Trust from $11.00 to $10.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. JMP Securities reiterated a "market perform" rating on shares of LXP Industrial Trust in a report on Monday, May 5th.

LXP Industrial Trust Stock Performance

NYSE LXP opened at $8.70 on Friday. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 66.89 and a beta of 1.06. LXP Industrial Trust has a twelve month low of $6.85 and a twelve month high of $10.57. The stock has a fifty day simple moving average of $8.07 and a 200 day simple moving average of $8.46. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.21.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share for the quarter, meeting analysts' consensus estimates of $0.16. The business had revenue of $87.89 million during the quarter, compared to the consensus estimate of $84.72 million. LXP Industrial Trust had a return on equity of 2.15% and a net margin of 12.40%. LXP Industrial Trust's quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.16 earnings per share. Sell-side analysts expect that LXP Industrial Trust will post 0.63 EPS for the current year.

LXP Industrial Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.135 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.54 dividend on an annualized basis and a yield of 6.21%. LXP Industrial Trust's payout ratio is 270.00%.

LXP Industrial Trust 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.

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