Two Sigma Investments LP Decreases Stock Holdings in LXP Industrial Trust (NYSE:LXP)

Two Sigma Investments LP decreased its position in LXP Industrial Trust (NYSE:LXP - Free Report) by 93.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in LXP Industrial Trust by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 45,849,663 shares of the real estate investment trust's stock worth $372,299,000 after acquiring an additional 243,372 shares during the last quarter. Aew Capital Management L P increased its holdings 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 during the period. 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 during the last quarter. Norges Bank purchased a new stake in LXP Industrial Trust in the 4th quarter worth approximately $40,114,000. Finally, Frontier Capital Management Co. LLC grew its position in shares of LXP Industrial Trust by 9.5% in the 4th 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 buying an additional 403,301 shares during the last quarter. Hedge funds and other institutional investors own 93.52% of the company's stock.

LXP Industrial Trust Stock Down 0.2%

NYSE:LXP traded down $0.02 during trading hours on Monday, reaching $8.53. 2,490,427 shares of the company traded hands, compared to its average volume of 2,303,140. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.21. The business's 50-day moving average price is $8.14 and its two-hundred day moving average price is $8.42. LXP Industrial Trust has a 1 year low of $6.85 and a 1 year high of $10.57. The stock has a market capitalization of $2.52 billion, a P/E ratio of 65.64 and a beta of 1.06.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last announced 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 company had revenue of $87.89 million for 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%. LXP Industrial Trust's revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.16 EPS. Analysts predict that LXP Industrial Trust will post 0.63 earnings per share for the current year.

LXP Industrial Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 6.33%. LXP Industrial Trust's dividend payout ratio is 270.00%.

Wall Street Analysts Forecast Growth

LXP has been the subject of several research analyst reports. JMP Securities reaffirmed a "market perform" rating on shares of LXP Industrial Trust in a research report 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 report on Friday, May 2nd.

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.