Public Employees Retirement System of Ohio Has $3.13 Million Stake in LXP Industrial Trust $LXP

Public Employees Retirement System of Ohio lowered its holdings in LXP Industrial Trust (NYSE:LXP) by 17.3% in the first quarter, HoldingsChannel.com reports. The firm owned 67,573 shares of the real estate investment trust’s stock after selling 14,177 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in LXP Industrial Trust were worth $3,126,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. EQ Wealth Advisors LLC bought a new position in shares of LXP Industrial Trust during the fourth quarter worth approximately $34,000. IFP Advisors Inc raised its position in shares of LXP Industrial Trust by 63.8% in the fourth quarter. IFP Advisors Inc now owns 837 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 326 shares in the last quarter. Summit Securities Group LLC acquired a new stake in shares of LXP Industrial Trust in the first quarter valued at approximately $83,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of LXP Industrial Trust in the third quarter valued at approximately $26,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of LXP Industrial Trust by 101.7% in the second quarter. EverSource Wealth Advisors LLC now owns 3,481 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 1,755 shares during the period. Institutional investors and hedge funds own 93.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. BMO Capital Markets assumed coverage on LXP Industrial Trust in a research note on Thursday, July 9th. They set an “outperform” rating and a $65.00 price objective on the stock. Citizens Jmp downgraded LXP Industrial Trust from a “market outperform” rating to a “hold” rating in a research report on Tuesday, July 21st. Evercore set a $54.00 target price on LXP Industrial Trust in a research report on Monday, June 8th. Citigroup reissued an “outperform” rating on shares of LXP Industrial Trust in a report on Thursday, July 16th. Finally, Raymond James Financial began coverage on LXP Industrial Trust in a research report on Wednesday, June 17th. They issued a “market perform” rating on the stock. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $55.20.

LXP Industrial Trust Stock Performance

NYSE:LXP opened at $60.54 on Friday. LXP Industrial Trust has a twelve month low of $38.20 and a twelve month high of $61.61. The company has a quick ratio of 0.21, a current ratio of 0.10 and a debt-to-equity ratio of 0.19. The stock’s 50-day simple moving average is $55.18 and its 200 day simple moving average is $51.43. The firm has a market capitalization of $3.57 billion, a PE ratio of 60.54 and a beta of 1.04.

LXP Industrial Trust (NYSE:LXP) last issued its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.80 EPS for the quarter. The firm had revenue of $85.95 million during the quarter, compared to the consensus estimate of $81.47 million. LXP Industrial Trust had a return on equity of 3.37% and a net margin of 18.66%.The business’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.16 earnings per share. On average, analysts anticipate that LXP Industrial Trust will post 3.34 EPS for the current fiscal year.

LXP Industrial Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Tuesday, June 30th. LXP Industrial Trust’s dividend payout ratio (DPR) is presently 280.00%.

About LXP Industrial Trust

LXP Industrial Trust is a real estate investment trust that specializes in the ownership, acquisition and management of industrial properties across North America. The company’s portfolio consists of warehouses, distribution centers and manufacturing facilities designed to support supply-chain and logistics operations. By focusing on long-term leasing arrangements, LXP Industrial Trust aims to provide stable income streams while delivering value to tenants through modern, well-positioned industrial space.

The firm’s primary business activities include sourcing and under-writing new property investments, overseeing development and redevelopment projects, and implementing asset-management strategies to enhance the performance of its holdings.