LXP Industrial Trust (NYSE:LXP) Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC cut its position in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 78.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,052 shares of the real estate investment trust's stock after selling 59,044 shares during the period. Squarepoint Ops LLC's holdings in LXP Industrial Trust were worth $130,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Xponance Inc. raised its position in LXP Industrial Trust by 17.8% during the 4th quarter. Xponance Inc. now owns 22,494 shares of the real estate investment trust's stock valued at $183,000 after purchasing an additional 3,404 shares in the last quarter. Aew Capital Management L P raised its position in LXP Industrial Trust by 72.5% during the 4th quarter. Aew Capital Management L P now owns 5,815,781 shares of the real estate investment trust's stock valued at $47,224,000 after purchasing an additional 2,445,084 shares in the last quarter. State of New Jersey Common Pension Fund D raised its position in LXP Industrial Trust by 18.9% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 228,916 shares of the real estate investment trust's stock valued at $1,859,000 after purchasing an additional 36,336 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in LXP Industrial Trust by 11.1% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,103,414 shares of the real estate investment trust's stock valued at $25,200,000 after purchasing an additional 311,006 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in LXP Industrial Trust by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,331,857 shares of the real estate investment trust's stock valued at $43,295,000 after purchasing an additional 46,050 shares in the last quarter. 93.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. KeyCorp reduced their price target on 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 1.4%

Shares of LXP traded down $0.12 during trading hours on Friday, hitting $8.54. The company had a trading volume of 2,712,684 shares, compared to its average volume of 2,301,096. The company's fifty day moving average price is $8.11 and its two-hundred day moving average price is $8.44. LXP Industrial Trust has a one year low of $6.85 and a one year high of $10.57. The company has a market capitalization of $2.53 billion, a PE ratio of 65.70 and a beta of 1.06. 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 announced its 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. LXP Industrial Trust had a return on equity of 2.15% and a net margin of 12.40%. The company had revenue of $87.89 million for the quarter, compared to analyst estimates of $84.72 million. During the same period in the prior year, the company posted $0.16 EPS. The firm's quarterly revenue was up 3.0% compared to the same quarter last year. As a group, 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 6.32%. The ex-dividend date of this dividend was Monday, March 31st. LXP Industrial Trust's dividend payout ratio is currently 270.00%.

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.