ExodusPoint Capital Management LP Sells 116,132 Shares of LXP Industrial Trust (NYSE:LXP)

ExodusPoint Capital Management LP lessened its position in LXP Industrial Trust (NYSE:LXP - Free Report) by 20.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 458,019 shares of the real estate investment trust's stock after selling 116,132 shares during the period. ExodusPoint Capital Management LP owned about 0.16% of LXP Industrial Trust worth $3,719,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. lifted its holdings in LXP Industrial Trust by 0.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 366,100 shares of the real estate investment trust's stock valued at $3,679,000 after purchasing an additional 1,100 shares during the last quarter. HighTower Advisors LLC grew its position in LXP Industrial Trust by 2.6% during the 3rd quarter. HighTower Advisors LLC now owns 52,755 shares of the real estate investment trust's stock worth $530,000 after acquiring an additional 1,333 shares during the last quarter. CIBC Asset Management Inc increased its holdings in LXP Industrial Trust by 4.9% during the 4th quarter. CIBC Asset Management Inc now owns 29,220 shares of the real estate investment trust's stock valued at $237,000 after purchasing an additional 1,365 shares in the last quarter. Rhumbline Advisers raised its position in LXP Industrial Trust by 0.3% in the 4th quarter. Rhumbline Advisers now owns 946,380 shares of the real estate investment trust's stock valued at $7,685,000 after purchasing an additional 2,543 shares during the last quarter. Finally, Orion Portfolio Solutions LLC boosted its stake in LXP Industrial Trust by 2.8% in the fourth quarter. Orion Portfolio Solutions LLC now owns 98,309 shares of the real estate investment trust's stock worth $798,000 after purchasing an additional 2,688 shares in the last quarter. Institutional investors and hedge funds own 93.52% of the company's stock.

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Analyst Ratings Changes

Separately, JMP Securities reissued a "market perform" rating on shares of LXP Industrial Trust in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $11.33.

LXP Industrial Trust Trading Up 1.5 %

NYSE:LXP traded up $0.11 during trading hours on Friday, hitting $7.54. 3,893,681 shares of the stock were exchanged, compared to its average volume of 2,220,694. The company has a market capitalization of $2.23 billion, a P/E ratio of 58.04 and a beta of 0.95. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.21. The company's 50 day moving average is $8.57 and its two-hundred day moving average is $8.85. LXP Industrial Trust has a twelve month low of $6.85 and a twelve month high of $10.57.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.18. The business had revenue of $100.85 million for the quarter, compared to analyst estimates of $84.57 million. LXP Industrial Trust had a return on equity of 2.15% and a net margin of 12.40%. On average, sell-side analysts anticipate 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 declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 7.16%. The ex-dividend date of this dividend is Monday, March 31st. LXP Industrial Trust's dividend payout ratio (DPR) is 415.38%.

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.