Two Sigma Investments LP Sells 206,746 Shares of LXP Industrial Trust (NYSE:LXP)

Two Sigma Investments LP lessened its holdings in LXP Industrial Trust (NYSE:LXP - Free Report) by 93.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,863 shares of the real estate investment trust's stock after selling 206,746 shares during the quarter. Two Sigma Investments LP's holdings in LXP Industrial Trust were worth $113,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of LXP. Norges Bank acquired a new position in LXP Industrial Trust during the fourth quarter worth about $40,114,000. Aew Capital Management L P raised its stake in LXP Industrial Trust by 72.5% during the fourth quarter. Aew Capital Management L P now owns 5,815,781 shares of the real estate investment trust's stock worth $47,224,000 after acquiring an additional 2,445,084 shares in the last quarter. Balyasny Asset Management L.P. raised its stake in LXP Industrial Trust by 514.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,165,475 shares of the real estate investment trust's stock worth $17,584,000 after acquiring an additional 1,813,280 shares in the last quarter. Evergreen Capital Management LLC raised its stake in LXP Industrial Trust by 1,993.3% during the fourth quarter. Evergreen Capital Management LLC now owns 902,167 shares of the real estate investment trust's stock worth $7,447,000 after acquiring an additional 859,069 shares in the last quarter. Finally, Sei Investments Co. raised its stake in LXP Industrial Trust by 113.7% during the fourth quarter. Sei Investments Co. now owns 1,555,297 shares of the real estate investment trust's stock worth $12,629,000 after acquiring an additional 827,657 shares in the last quarter. Institutional investors own 93.52% of the company's stock.

LXP Industrial Trust Trading Down 1.4%

Shares of LXP Industrial Trust stock traded down $0.12 on Friday, reaching $8.54. 2,712,684 shares of the company's stock were exchanged, compared to its average volume of 2,302,390. The company has a market capitalization of $2.53 billion, a P/E ratio of 65.70 and a beta of 1.06. LXP Industrial Trust has a 52 week low of $6.85 and a 52 week high of $10.57. The firm's 50-day moving average is $8.14 and its two-hundred day moving average is $8.43. 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 firm 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 company's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.16 EPS. Sell-side analysts predict that LXP Industrial Trust will post 0.63 EPS for the current fiscal year.

LXP Industrial Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend 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%.

Analyst Upgrades and Downgrades

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

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.