QRG Capital Management Inc. Boosts Stock Position in LXP Industrial Trust $LXP

QRG Capital Management Inc. grew its position in LXP Industrial Trust (NYSE:LXP) by 3.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,964 shares of the real estate investment trust’s stock after acquiring an additional 1,657 shares during the quarter. QRG Capital Management Inc.’s holdings in LXP Industrial Trust were worth $404,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of LXP Industrial Trust by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 46,064,359 shares of the real estate investment trust’s stock valued at $398,457,000 after acquiring an additional 214,696 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in LXP Industrial Trust by 7.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,738,916 shares of the real estate investment trust’s stock valued at $49,642,000 after purchasing an additional 407,059 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its position in LXP Industrial Trust by 55.9% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,836,743 shares of the real estate investment trust’s stock valued at $41,838,000 after purchasing an additional 1,733,329 shares during the period. Centersquare Investment Management LLC boosted its position in LXP Industrial Trust by 1,103.9% during the 1st quarter. Centersquare Investment Management LLC now owns 4,271,470 shares of the real estate investment trust’s stock valued at $36,948,000 after purchasing an additional 3,916,670 shares during the period. Finally, Northern Trust Corp boosted its position in LXP Industrial Trust by 0.3% during the 1st quarter. Northern Trust Corp now owns 4,215,880 shares of the real estate investment trust’s stock valued at $36,467,000 after purchasing an additional 14,456 shares during the period. 93.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on LXP. Evercore ISI boosted their price objective on LXP Industrial Trust from $10.00 to $11.00 and gave the company an “in-line” rating in a research report on Monday, October 6th. Wolfe Research initiated coverage on LXP Industrial Trust in a report on Friday, August 22nd. They issued an “outperform” rating and a $10.00 price objective for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of LXP Industrial Trust in a report on Wednesday. Two 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, LXP Industrial Trust has a consensus rating of “Hold” and a consensus price target of $10.33.

LXP Industrial Trust Stock Down 1.8%

NYSE:LXP opened at $8.81 on Friday. The business’s fifty day moving average price is $8.86 and its 200 day moving average price is $8.45. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.18. LXP Industrial Trust has a 1-year low of $6.85 and a 1-year high of $9.95. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 31.46 and a beta of 1.05.

LXP Industrial Trust (NYSE:LXP) last issued its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. LXP Industrial Trust had a return on equity of 4.34% and a net margin of 24.07%.The firm had revenue of $86.74 million for the quarter, compared to the consensus estimate of $87.25 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The business’s quarterly 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. On average, sell-side analysts forecast 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 Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Tuesday, September 30th. LXP Industrial Trust’s dividend payout ratio is 192.86%.

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.