Vert Asset Management LLC Has $1.10 Million Position in LXP Industrial Trust $LXP

Vert Asset Management LLC reduced its stake in LXP Industrial Trust (NYSE:LXP) by 9.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 133,569 shares of the real estate investment trust’s stock after selling 14,350 shares during the period. Vert Asset Management LLC’s holdings in LXP Industrial Trust were worth $1,103,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in LXP. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of LXP Industrial Trust by 3,809.5% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,284 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 3,200 shares in the last quarter. EQ Wealth Advisors LLC bought a new position in LXP Industrial Trust in the 1st quarter valued at approximately $30,000. GAMMA Investing LLC raised its holdings in LXP Industrial Trust by 50.4% in the 2nd quarter. GAMMA Investing LLC now owns 3,866 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 1,296 shares during the last quarter. Headlands Technologies LLC bought a new position in LXP Industrial Trust in the 1st quarter valued at approximately $46,000. Finally, Brooklyn Investment Group raised its holdings in LXP Industrial Trust by 276.3% in the 1st quarter. Brooklyn Investment Group now owns 5,479 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 4,023 shares during the last quarter. 93.52% of the stock is currently owned by institutional investors and hedge funds.

LXP Industrial Trust Stock Up 4.9%

LXP Industrial Trust stock opened at $9.40 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.13 and a current ratio of 0.13. LXP Industrial Trust has a 52-week low of $6.85 and a 52-week high of $9.95. The firm has a 50 day moving average price of $8.69 and a two-hundred day moving average price of $8.44. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 33.55 and a beta of 1.05.

LXP Industrial Trust (NYSE:LXP) last released its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. LXP Industrial Trust had a net margin of 24.07% and a return on equity of 4.34%. The firm had revenue of $86.74 million during the quarter, compared to analyst estimates of $87.25 million. During the same quarter last year, the business earned $0.16 EPS. The company’s revenue was up 2.2% compared to the same quarter last year. LXP Industrial Trust has set its FY 2025 guidance at 0.620-0.640 EPS. Equities analysts predict that LXP Industrial Trust will post 0.63 EPS for the current year.

LXP Industrial Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.135 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.54 annualized dividend and a yield of 5.7%. LXP Industrial Trust’s dividend payout ratio (DPR) is presently 192.86%.

Wall Street Analysts Forecast Growth

Separately, Wolfe Research started coverage on shares of LXP Industrial Trust in a report on Friday, August 22nd. They issued an “outperform” rating and a $10.00 price objective for the company. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, LXP Industrial Trust currently has an average rating of “Moderate Buy” and an average price target of $10.00.

About LXP Industrial Trust

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.