Millennium Management LLC Has $2.53 Million Position in LXP Industrial Trust (NYSE:LXP)

Millennium Management LLC trimmed its position in LXP Industrial Trust (NYSE:LXP - Free Report) by 40.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 311,232 shares of the real estate investment trust's stock after selling 215,302 shares during the quarter. Millennium Management LLC owned 0.11% of LXP Industrial Trust worth $2,527,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in LXP Industrial Trust by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 165,404 shares of the real estate investment trust's stock valued at $1,343,000 after acquiring an additional 6,268 shares during the period. Lighthouse Investment Partners LLC grew its holdings in shares of LXP Industrial Trust by 14.2% during the fourth quarter. Lighthouse Investment Partners LLC now owns 1,325,000 shares of the real estate investment trust's stock worth $10,759,000 after purchasing an additional 165,000 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of LXP Industrial Trust by 18.2% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 65,868 shares of the real estate investment trust's stock worth $535,000 after purchasing an additional 10,137 shares during the last quarter. Frontier Capital Management Co. LLC grew its holdings in shares of LXP Industrial Trust by 9.5% during the fourth quarter. Frontier Capital Management Co. LLC now owns 4,654,081 shares of the real estate investment trust's stock worth $37,791,000 after purchasing an additional 403,301 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of LXP Industrial Trust by 16.6% during the fourth quarter. Deutsche Bank AG now owns 519,488 shares of the real estate investment trust's stock worth $4,218,000 after purchasing an additional 73,892 shares during the last quarter. 93.52% of the stock is currently owned by institutional investors and hedge funds.

LXP Industrial Trust Trading Up 0.2%

LXP Industrial Trust stock traded up $0.02 during mid-day trading on Monday, hitting $8.60. The stock had a trading volume of 2,413,825 shares, compared to its average volume of 2,287,895. The stock has a 50-day simple moving average of $8.08 and a two-hundred day simple moving average of $8.47. The stock has a market capitalization of $2.54 billion, a PE ratio of 66.16 and a beta of 1.02. LXP Industrial Trust has a 12 month low of $6.85 and a 12 month high of $10.57. 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 - 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, meeting the consensus estimate of $0.16. The business had revenue of $87.89 million for the quarter, compared to analysts' expectations of $84.72 million. LXP Industrial Trust had a return on equity of 2.15% and a net margin of 12.40%. The firm's quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.16 earnings per share. As a group, sell-side analysts forecast that LXP Industrial Trust will post 0.63 EPS for the current year.

LXP Industrial Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 6.28%. The ex-dividend date of this dividend was Monday, March 31st. LXP Industrial Trust's payout ratio is 270.00%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. KeyCorp decreased their target price on LXP Industrial Trust from $11.00 to $10.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. JMP Securities restated a "market perform" rating on shares of LXP Industrial Trust in a report on Monday, May 5th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, LXP Industrial Trust currently has a consensus rating of "Moderate Buy" and a consensus target price of $11.00.

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.