LXP Industrial Trust $LXP Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC cut its stake in shares of LXP Industrial Trust (NYSE:LXP) by 11.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 221,794 shares of the real estate investment trust’s stock after selling 30,021 shares during the quarter. Intech Investment Management LLC owned approximately 0.07% of LXP Industrial Trust worth $1,919,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LXP. Centersquare Investment Management LLC boosted its holdings in 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 valued at $36,948,000 after purchasing an additional 3,916,670 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake 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 valued at $41,838,000 after buying an additional 1,733,329 shares during the last quarter. Jane Street Group LLC lifted its stake in 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 valued at $8,201,000 after buying an additional 932,822 shares during the last quarter. Cubist Systematic Strategies LLC raised its stake in shares of LXP Industrial Trust by 153.3% during 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 purchasing an additional 585,528 shares during the last quarter. Finally, Allianz Asset Management GmbH purchased a new stake in shares of LXP Industrial Trust during the first quarter worth approximately $4,263,000. 93.52% of the stock is owned by institutional investors and hedge funds.

LXP Industrial Trust Stock Up 0.3%

LXP Industrial Trust stock opened at $9.19 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.13 and a current ratio of 0.13. The firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of 32.82 and a beta of 1.06. LXP Industrial Trust has a fifty-two week low of $6.85 and a fifty-two week high of $10.32. The stock’s fifty day moving average is $8.51 and its two-hundred day moving average is $8.43.

LXP Industrial Trust (NYSE:LXP) last posted its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. The company had revenue of $86.74 million for 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%.LXP Industrial Trust’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.16 earnings per share. LXP Industrial Trust has set its FY 2025 guidance at 0.620-0.640 EPS. Analysts predict that LXP Industrial Trust will post 0.63 EPS for the current fiscal year.

LXP Industrial Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.135 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 5.9%. LXP Industrial Trust’s dividend payout ratio (DPR) is presently 192.86%.

Analyst Ratings Changes

Separately, Wolfe Research initiated coverage on LXP Industrial Trust in a research note on Friday, August 22nd. They set an “outperform” rating and a $10.00 price target for the company. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, LXP Industrial Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.00.

About LXP Industrial Trust

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.