LXP Industrial Trust $LXP Shares Bought by 111 Capital

111 Capital raised its position in LXP Industrial Trust (NYSE:LXP) by 54.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 18,603 shares of the real estate investment trust’s stock after purchasing an additional 6,557 shares during the period. 111 Capital’s holdings in LXP Industrial Trust were worth $154,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in LXP. Centersquare Investment Management LLC raised its holdings in shares of LXP Industrial Trust by 1,103.9% in the first quarter. Centersquare Investment Management LLC now owns 4,271,470 shares of the real estate investment trust’s stock worth $36,948,000 after acquiring an additional 3,916,670 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of LXP Industrial Trust by 55.9% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,836,743 shares of the real estate investment trust’s stock worth $41,838,000 after acquiring an additional 1,733,329 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of LXP Industrial Trust by 6,092.1% in the first quarter. Jane Street Group LLC now owns 948,134 shares of the real estate investment trust’s stock worth $8,201,000 after acquiring an additional 932,822 shares during the last quarter. Cubist Systematic Strategies LLC raised its holdings in shares of LXP Industrial Trust by 153.3% in the first quarter. Cubist Systematic Strategies LLC now owns 967,450 shares of the real estate investment trust’s stock worth $8,368,000 after acquiring an additional 585,528 shares during the last quarter. Finally, Allianz Asset Management GmbH acquired a new position in shares of LXP Industrial Trust in the first quarter worth $4,263,000. 93.52% of the stock is owned by institutional investors and hedge funds.

LXP Industrial Trust Stock Performance

Shares of NYSE:LXP opened at $9.25 on Wednesday. The firm has a market capitalization of $2.73 billion, a PE ratio of 33.02 and a beta of 1.05. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.13 and a quick ratio of 0.13. The business has a 50-day moving average of $8.79 and a two-hundred day moving average of $8.45. LXP Industrial Trust has a 12 month low of $6.85 and a 12 month high of $9.95.

LXP Industrial Trust (NYSE:LXP) last announced its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. The company had revenue of $86.74 million during the quarter, compared to analyst estimates of $87.25 million. LXP Industrial Trust had a return on equity of 4.34% and a net margin of 24.07%.The firm’s revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.16 earnings per share. LXP Industrial Trust has set its FY 2025 guidance at 0.620-0.640 EPS. As a group, research 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 declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid 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 5.8%. LXP Industrial Trust’s dividend payout ratio is currently 192.86%.

Analyst Ratings Changes

Several equities analysts recently commented on LXP shares. Wolfe Research started coverage on LXP Industrial Trust in a research note on Friday, August 22nd. They issued an “outperform” rating and a $10.00 target price for the company. Evercore ISI upped their target price on LXP Industrial Trust from $10.00 to $11.00 and gave the company an “in-line” rating in a research note on Monday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of LXP Industrial Trust in a research note on Saturday, September 27th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $10.33.

LXP Industrial Trust Company 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.