Squarepoint Ops LLC Has $130,000 Holdings in LXP Industrial Trust (NYSE:LXP)

Squarepoint Ops LLC lessened its holdings in LXP Industrial Trust (NYSE:LXP - Free Report) by 78.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,052 shares of the real estate investment trust's stock after selling 59,044 shares during the quarter. Squarepoint Ops LLC's holdings in LXP Industrial Trust were worth $130,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of LXP. Sterling Capital Management LLC boosted its stake 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 valued at $74,000 after purchasing an additional 8,147 shares in the last quarter. Wealthfront Advisers LLC acquired a new stake in LXP Industrial Trust during the 4th quarter worth approximately $80,000. Townsquare Capital LLC bought a new stake in LXP Industrial Trust during the 4th quarter worth approximately $82,000. Proficio Capital Partners LLC acquired a new position in LXP Industrial Trust in the 4th quarter valued at approximately $83,000. Finally, Two Sigma Securities LLC acquired a new position in shares of LXP Industrial Trust during the fourth quarter worth $90,000. Institutional investors own 93.52% of the company's stock.

LXP Industrial Trust Trading Down 0.6%

Shares of LXP stock traded down $0.06 during mid-day trading on Wednesday, hitting $8.63. The company's stock had a trading volume of 3,713,409 shares, compared to its average volume of 2,296,722. The company has a market cap of $2.55 billion, a PE ratio of 66.35 and a beta of 1.06. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.16 and a current ratio of 0.16. The company's fifty day simple moving average is $8.08 and its 200-day simple moving average is $8.45. LXP Industrial Trust has a 52 week low of $6.85 and a 52 week high of $10.57.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last issued 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 firm had revenue of $87.89 million for the quarter, compared to analyst estimates of $84.72 million. LXP Industrial Trust had a return on equity of 2.15% and a net margin of 12.40%. The company's revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.16 earnings per share. As a group, equities research analysts expect that LXP Industrial Trust will post 0.63 earnings per share for the current fiscal year.

LXP Industrial Trust Dividend Announcement

The business also recently declared 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 6.26%. The ex-dividend date was Monday, March 31st. LXP Industrial Trust's dividend payout ratio (DPR) is currently 270.00%.

Analyst Upgrades and Downgrades

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

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.