Jane Street Group LLC Has $5.49 Million Position in LXP Industrial Trust (NYSE:LXP)

Jane Street Group LLC raised its stake in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 101.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 546,430 shares of the real estate investment trust's stock after purchasing an additional 274,933 shares during the quarter. Jane Street Group LLC owned 0.19% of LXP Industrial Trust worth $5,492,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in LXP. Blue Trust Inc. boosted its position in shares of LXP Industrial Trust by 1,596.2% during the 2nd quarter. Blue Trust Inc. now owns 3,138 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 2,953 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in LXP Industrial Trust by 624.2% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,396,610 shares of the real estate investment trust's stock valued at $21,857,000 after buying an additional 2,065,667 shares in the last quarter. Dakota Wealth Management boosted its position in LXP Industrial Trust by 21.5% in the second quarter. Dakota Wealth Management now owns 12,315 shares of the real estate investment trust's stock valued at $112,000 after buying an additional 2,177 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in LXP Industrial Trust by 2.2% in the second quarter. Louisiana State Employees Retirement System now owns 148,100 shares of the real estate investment trust's stock valued at $1,351,000 after buying an additional 3,200 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of LXP Industrial Trust by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 3,102,610 shares of the real estate investment trust's stock worth $28,296,000 after acquiring an additional 65,202 shares during the last quarter. Institutional investors own 93.52% of the company's stock.

Analyst Ratings Changes

Separately, Evercore ISI boosted their target price on shares of LXP Industrial Trust from $10.00 to $11.00 and gave the stock an "in-line" rating in a research note on Monday, September 16th.

LXP Industrial Trust Stock Down 1.3 %

Shares of LXP Industrial Trust stock traded down $0.12 on Tuesday, hitting $8.79. The company had a trading volume of 1,914,425 shares, compared to its average volume of 2,171,964. The firm has a market capitalization of $2.59 billion, a P/E ratio of 148.42 and a beta of 0.86. LXP Industrial Trust has a twelve month low of $8.23 and a twelve month high of $10.56. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.12 and a quick ratio of 0.12. The stock has a 50-day moving average of $9.41 and a 200-day moving average of $9.60.

LXP Industrial Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.135 per share. This is a boost from LXP Industrial Trust's previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.54 annualized dividend and a yield of 6.15%. LXP Industrial Trust's dividend payout ratio is presently 900.00%.

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.