Jane Street Group LLC Decreases Stake in LXP Industrial Trust (NYSE:LXP)

Jane Street Group LLC trimmed its position in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 97.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Sterling Capital Management LLC lifted its holdings in 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 during the period. Wealthfront Advisers LLC purchased a new stake in LXP Industrial Trust during the fourth quarter worth $80,000. Townsquare Capital LLC purchased a new stake in LXP Industrial Trust during the fourth quarter worth $82,000. Proficio Capital Partners LLC purchased a new stake in LXP Industrial Trust during the fourth quarter worth $83,000. Finally, Two Sigma Securities LLC purchased a new stake in LXP Industrial Trust during the fourth quarter worth $90,000. 93.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on LXP shares. KeyCorp decreased their target price on shares of LXP Industrial Trust from $11.00 to $10.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. JMP Securities reissued a "market perform" rating on shares of LXP Industrial Trust in a research report on Monday, May 5th.

LXP Industrial Trust Stock Down 0.6%

NYSE:LXP traded down $0.06 during midday trading on Wednesday, reaching $8.63. 3,713,409 shares of the stock traded hands, compared to its average volume of 2,296,722. The business has a 50-day moving average of $8.08 and a two-hundred day moving average of $8.45. The stock has a market capitalization of $2.55 billion, a PE ratio of 66.35 and a beta of 1.06. LXP Industrial Trust has a 12-month low of $6.85 and a 12-month high of $10.57. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.16 and a current ratio of 0.16.

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

LXP Industrial Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.135 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.54 dividend on an annualized basis and a dividend yield of 6.26%. LXP Industrial Trust's dividend payout ratio is currently 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.