Capula Management Ltd Lowers Stock Holdings in LXP Industrial Trust (NYSE:LXP)

Capula Management Ltd lowered its position in shares of LXP Industrial Trust (NYSE:LXP) by 24.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,147 shares of the real estate investment trust’s stock after selling 4,032 shares during the period. Capula Management Ltd’s holdings in LXP Industrial Trust were worth $99,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of LXP. Renaissance Technologies LLC grew its position in shares of LXP Industrial Trust by 10.4% during the 4th quarter. Renaissance Technologies LLC now owns 1,584,470 shares of the real estate investment trust’s stock valued at $12,866,000 after purchasing an additional 149,388 shares in the last quarter. FIL Ltd boosted its stake in LXP Industrial Trust by 102.4% during the fourth quarter. FIL Ltd now owns 12,640 shares of the real estate investment trust’s stock valued at $103,000 after buying an additional 6,396 shares during the period. Invesco Ltd. grew its position in LXP Industrial Trust by 4.2% during the fourth quarter. Invesco Ltd. now owns 1,581,895 shares of the real estate investment trust’s stock worth $12,845,000 after buying an additional 64,299 shares in the last quarter. Bank of Montreal Can increased its stake in LXP Industrial Trust by 16.4% in the 4th quarter. Bank of Montreal Can now owns 37,386 shares of the real estate investment trust’s stock worth $304,000 after acquiring an additional 5,277 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of LXP Industrial Trust in the 4th quarter valued at about $146,000. Institutional investors own 93.52% of the company’s stock.

LXP Industrial Trust Trading Down 4.4 %

NYSE LXP opened at $7.22 on Wednesday. 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 stock’s 50-day simple moving average is $8.63 and its two-hundred day simple moving average is $8.92. LXP Industrial Trust has a twelve month low of $5.94 and a twelve month high of $10.57. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 55.50 and a beta of 0.95.

LXP Industrial Trust (NYSE:LXP) last announced its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.16 earnings per share 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 analysts’ expectations of $84.57 million. LXP Industrial Trust had a return on equity of 2.15% and a net margin of 12.40%. Research analysts forecast that LXP Industrial Trust will post 0.63 EPS for the current fiscal year.

LXP Industrial Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 7.48%. The ex-dividend date of this dividend is Monday, March 31st. LXP Industrial Trust’s dividend payout ratio is currently 415.38%.

Analysts Set New Price Targets

Separately, JMP Securities reissued a “market perform” rating on shares of LXP Industrial Trust in a report 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 issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $11.33.

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.