LXP Industrial Trust (NYSE:LXP) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC grew its holdings in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 10.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,584,470 shares of the real estate investment trust's stock after purchasing an additional 149,388 shares during the quarter. Renaissance Technologies LLC owned approximately 0.54% of LXP Industrial Trust worth $12,866,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. HighTower Advisors LLC lifted its position in LXP Industrial Trust by 2.6% during the third quarter. HighTower Advisors LLC now owns 52,755 shares of the real estate investment trust's stock worth $530,000 after buying an additional 1,333 shares during the period. Jane Street Group LLC lifted its holdings in shares of LXP Industrial Trust by 101.3% during the 3rd quarter. Jane Street Group LLC now owns 546,430 shares of the real estate investment trust's stock worth $5,492,000 after acquiring an additional 274,933 shares during the period. Barclays PLC grew its holdings in LXP Industrial Trust by 42.1% in the third quarter. Barclays PLC now owns 502,548 shares of the real estate investment trust's stock valued at $5,052,000 after purchasing an additional 148,852 shares during the period. Geode Capital Management LLC grew its holdings in LXP Industrial Trust by 1.3% in the third quarter. Geode Capital Management LLC now owns 7,388,828 shares of the real estate investment trust's stock valued at $74,271,000 after purchasing an additional 92,409 shares during the period. Finally, First Hawaiian Bank acquired a new position in LXP Industrial Trust during the fourth quarter worth approximately $100,000. Institutional investors and hedge funds own 93.52% of the company's stock.

Analyst Ratings Changes

Separately, JMP Securities reissued a "market perform" rating on shares of LXP Industrial Trust in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $11.33.

LXP Industrial Trust Trading Down 2.0 %

Shares of LXP Industrial Trust stock traded down $0.16 during trading hours on Monday, hitting $7.61. The company's stock had a trading volume of 192,086 shares, compared to its average volume of 2,211,748. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.21. LXP Industrial Trust has a 1-year low of $6.85 and a 1-year high of $10.57. The company has a market capitalization of $2.25 billion, a PE ratio of 58.50 and a beta of 0.95. The business has a fifty day moving average of $8.51 and a 200 day moving average of $8.77.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.02) by $0.18. The company had revenue of $100.85 million for the quarter, compared to analyst estimates of $84.57 million. LXP Industrial Trust had a net margin of 12.40% and a return on equity of 2.15%. As a group, equities analysts forecast that LXP Industrial Trust will post 0.63 EPS for the current year.

LXP Industrial Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 7.10%. The ex-dividend date of this dividend was Monday, March 31st. LXP Industrial Trust's payout ratio is 415.38%.

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.