Cetera Investment Advisers Has $272,000 Stock Holdings in LXP Industrial Trust $LXP

Cetera Investment Advisers boosted its stake in LXP Industrial Trust (NYSE:LXP) by 4.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,486 shares of the real estate investment trust’s stock after purchasing an additional 1,420 shares during the quarter. Cetera Investment Advisers’ holdings in LXP Industrial Trust were worth $272,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in LXP. Balyasny Asset Management L.P. grew its holdings in shares of LXP Industrial Trust by 514.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,165,475 shares of the real estate investment trust’s stock valued at $17,584,000 after buying an additional 1,813,280 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in 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 period. Sophron Capital Management L.P. purchased a new position in shares of LXP Industrial Trust in the fourth quarter worth about $10,874,000. Adage Capital Partners GP L.L.C. increased its stake in shares of LXP Industrial Trust by 60.9% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,850,000 shares of the real estate investment trust’s stock worth $15,022,000 after purchasing an additional 700,000 shares in the last quarter. Finally, Northern Trust Corp grew its stake in LXP Industrial Trust by 17.7% during the fourth quarter. Northern Trust Corp now owns 4,201,424 shares of the real estate investment trust’s stock valued at $34,116,000 after acquiring an additional 633,054 shares in the last quarter. 93.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on LXP. JMP Securities reaffirmed a “market perform” rating on shares of LXP Industrial Trust in a research note on Monday, May 5th. KeyCorp lowered their price target on shares of LXP Industrial Trust from $11.00 to $10.00 and set an “overweight” rating for the company in a report on Friday, May 2nd. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $10.50.

LXP Industrial Trust Stock Performance

LXP opened at $8.7050 on Thursday. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.18. The company has a market cap of $2.57 billion, a price-to-earnings ratio of 31.09 and a beta of 1.01. The company’s 50 day moving average is $8.31 and its 200 day moving average is $8.37. LXP Industrial Trust has a 12-month low of $6.85 and a 12-month high of $10.44.

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

LXP Industrial Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a dividend of $0.135 per share. The ex-dividend date was Monday, June 30th. This represents a $0.54 dividend on an annualized basis and a yield of 6.2%. LXP Industrial Trust’s dividend payout ratio (DPR) is presently 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.