LXP Industrial Trust $LXP Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC grew its holdings in shares of LXP Industrial Trust (NYSE:LXP) by 12.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,035 shares of the real estate investment trust’s stock after purchasing an additional 6,480 shares during the period. HighTower Advisors LLC’s holdings in LXP Industrial Trust were worth $511,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC increased its position in LXP Industrial Trust by 678.3% during the 1st quarter. Signaturefd LLC now owns 6,281 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 5,474 shares during the period. Principal Financial Group Inc. increased its position in LXP Industrial Trust by 3.1% during the 1st quarter. Principal Financial Group Inc. now owns 1,472,285 shares of the real estate investment trust’s stock worth $12,735,000 after purchasing an additional 44,233 shares during the period. Allspring Global Investments Holdings LLC increased its position in LXP Industrial Trust by 33.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 27,319 shares of the real estate investment trust’s stock worth $236,000 after purchasing an additional 6,800 shares during the period. Teacher Retirement System of Texas grew its holdings in shares of LXP Industrial Trust by 102.0% in the 1st quarter. Teacher Retirement System of Texas now owns 135,450 shares of the real estate investment trust’s stock worth $1,172,000 after acquiring an additional 68,399 shares during the period. Finally, Neo Ivy Capital Management acquired a new stake in shares of LXP Industrial Trust in the 4th quarter worth approximately $1,199,000. Institutional investors and hedge funds own 93.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on LXP shares. JMP Securities restated a “market perform” rating on shares of LXP Industrial Trust in a report on Monday, May 5th. Wolfe Research started coverage on LXP Industrial Trust in a report on Friday, August 22nd. They issued an “outperform” rating and a $10.00 price target on the stock. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $10.33.

LXP Industrial Trust Price Performance

Shares of NYSE:LXP opened at $9.09 on Friday. The business’s fifty day moving average price is $8.35 and its two-hundred day moving average price is $8.39. The stock has a market cap of $2.69 billion, a PE ratio of 32.45 and a beta of 1.01. 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 one year low of $6.85 and a one year high of $10.44.

LXP Industrial Trust (NYSE:LXP) last announced 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. The firm had revenue of $86.74 million for the quarter, compared to analysts’ expectations of $87.25 million. LXP Industrial Trust had a return on equity of 4.34% and a net margin of 24.07%.LXP Industrial Trust’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.16 EPS. LXP Industrial Trust has set its FY 2025 guidance at 0.620-0.640 EPS. On average, analysts forecast that LXP Industrial Trust will post 0.63 EPS for the current fiscal year.

LXP Industrial Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date was Monday, June 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.