Renaissance Technologies LLC Has $7.45 Million Stake in LXP Industrial Trust $LXP

Renaissance Technologies LLC decreased its holdings in LXP Industrial Trust (NYSE:LXP) by 38.7% in the 1st quarter, HoldingsChannel reports. The firm owned 160,976 shares of the real estate investment trust’s stock after selling 101,600 shares during the quarter. Renaissance Technologies LLC’s holdings in LXP Industrial Trust were worth $7,447,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Balyasny Asset Management L.P. grew its holdings in shares of LXP Industrial Trust by 269.0% during the second quarter. Balyasny Asset Management L.P. now owns 6,432,356 shares of the real estate investment trust’s stock worth $53,131,000 after purchasing an additional 4,688,972 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in LXP Industrial Trust by 468.5% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,057,488 shares of the real estate investment trust’s stock worth $18,435,000 after buying an additional 1,695,558 shares in the last quarter. M&T Bank Corp acquired a new position in LXP Industrial Trust during the 4th quarter worth about $79,619,000. Qube Research & Technologies Ltd grew its holdings in LXP Industrial Trust by 359.3% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,918,740 shares of the real estate investment trust’s stock worth $15,849,000 after acquiring an additional 1,501,010 shares during the last quarter. Finally, Norges Bank bought a new stake in LXP Industrial Trust during the 4th quarter worth about $59,953,000. Institutional investors and hedge funds own 93.52% of the company’s stock.

LXP Industrial Trust Stock Down 0.1%

Shares of LXP Industrial Trust stock opened at $60.49 on Tuesday. The business has a fifty day simple moving average of $55.35 and a 200 day simple moving average of $51.51. The stock has a market cap of $3.57 billion, a PE ratio of 60.49 and a beta of 1.04. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.19. LXP Industrial Trust has a 12 month low of $38.85 and a 12 month high of $61.61.

LXP Industrial Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.80 annualized dividend and a yield of 4.6%. LXP Industrial Trust’s dividend payout ratio (DPR) is presently 280.00%.

Analyst Ratings Changes

A number of brokerages have weighed in on LXP. Raymond James Financial initiated coverage on shares of LXP Industrial Trust in a research note on Wednesday, June 17th. They issued a “market perform” rating for the company. Weiss Ratings raised shares of LXP Industrial Trust from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 15th. Citizens Jmp downgraded LXP Industrial Trust from a “market outperform” rating to a “hold” rating in a report on Tuesday, July 21st. KeyCorp reiterated a “sector weight” rating on shares of LXP Industrial Trust in a research report on Tuesday, June 9th. Finally, Wall Street Zen cut LXP Industrial Trust from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $55.20.

LXP Industrial Trust Company Profile

LXP Industrial Trust is a real estate investment trust that specializes in the ownership, acquisition and management of industrial properties across North America. The company’s portfolio consists of warehouses, distribution centers and manufacturing facilities designed to support supply-chain and logistics operations. By focusing on long-term leasing arrangements, LXP Industrial Trust aims to provide stable income streams while delivering value to tenants through modern, well-positioned industrial space.

The firm’s primary business activities include sourcing and under-writing new property investments, overseeing development and redevelopment projects, and implementing asset-management strategies to enhance the performance of its holdings.