Renaissance Technologies LLC Boosts Stake in LXP Industrial Trust (NYSE:LXP)

Renaissance Technologies LLC grew its stake in LXP Industrial Trust (NYSE:LXP) by 10.4% during the fourth quarter, HoldingsChannel reports. The fund owned 1,584,470 shares of the real estate investment trust’s stock after acquiring an additional 149,388 shares during the quarter. Renaissance Technologies LLC’s holdings in LXP Industrial Trust were worth $12,866,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in LXP. Norges Bank purchased a new position in LXP Industrial Trust in the fourth quarter valued at about $40,114,000. Aew Capital Management L P grew its position in shares of LXP Industrial Trust by 72.5% in the 4th 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 buying an additional 2,445,084 shares during the last quarter. Sei Investments Co. raised its stake in shares of LXP Industrial Trust by 113.7% during the 4th 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. Sumitomo Mitsui Trust Group Inc. lifted its position in LXP Industrial Trust by 11.1% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,103,414 shares of the real estate investment trust’s stock valued at $25,200,000 after acquiring an additional 311,006 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in LXP Industrial Trust by 101.3% in the third quarter. Jane Street Group LLC now owns 546,430 shares of the real estate investment trust’s stock worth $5,492,000 after purchasing an additional 274,933 shares during the last quarter. 93.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, JMP Securities reiterated 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $11.33.

LXP Industrial Trust Stock Up 0.2 %

LXP stock opened at $7.69 on Wednesday. The stock has a market capitalization of $2.28 billion, a PE ratio of 59.19 and a beta of 0.95. LXP Industrial Trust has a 52 week low of $6.85 and a 52 week high of $10.57. 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 firm has a 50 day moving average of $8.54 and a 200 day moving average of $8.82.

LXP Industrial Trust (NYSE:LXP) last posted its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.16 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.18. LXP Industrial Trust had a net margin of 12.40% and a return on equity of 2.15%. The business had revenue of $100.85 million during the quarter, compared to the consensus estimate of $84.57 million. Sell-side analysts forecast that LXP Industrial Trust will post 0.63 earnings per share for the current year.

LXP Industrial Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 7.02%. 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.