ExodusPoint Capital Management LP Lowers Stake in LXP Industrial Trust (NYSE:LXP)

ExodusPoint Capital Management LP trimmed its holdings in LXP Industrial Trust (NYSE:LXP) by 20.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 458,019 shares of the real estate investment trust’s stock after selling 116,132 shares during the period. ExodusPoint Capital Management LP’s holdings in LXP Industrial Trust were worth $3,719,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in LXP. Wealthfront Advisers LLC acquired a new position in LXP Industrial Trust in the 4th quarter valued at about $80,000. Proficio Capital Partners LLC acquired a new position in shares of LXP Industrial Trust in the fourth quarter valued at approximately $83,000. Wealth Advisory Solutions LLC purchased a new stake in shares of LXP Industrial Trust during the fourth quarter worth approximately $91,000. Sequoia Financial Advisors LLC purchased a new stake in shares of LXP Industrial Trust during the fourth quarter worth approximately $92,000. Finally, First Hawaiian Bank acquired a new stake in shares of LXP Industrial Trust during the fourth quarter worth $100,000. Institutional investors and hedge funds own 93.52% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JMP Securities restated a “market perform” rating on shares of LXP Industrial Trust in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $11.33.

LXP Industrial Trust Stock Down 4.8 %

LXP opened at $7.94 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.16 and a quick ratio of 0.16. LXP Industrial Trust has a 12 month low of $7.65 and a 12 month high of $10.57. The stock has a market capitalization of $2.35 billion, a P/E ratio of 61.08 and a beta of 0.95. The business has a 50 day simple moving average of $8.70 and a 200-day simple moving average of $8.97.

LXP Industrial Trust (NYSE:LXP) last issued its earnings results 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. 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%. On average, equities analysts anticipate that LXP Industrial Trust will post 0.63 earnings per share for the current fiscal year.

LXP Industrial Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.135 per share. The ex-dividend date is Monday, March 31st. This represents a $0.54 dividend on an annualized basis and a dividend yield of 6.80%. 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.