IFM Investors Pty Ltd Sells 11,698 Shares of LXP Industrial Trust $LXP

IFM Investors Pty Ltd trimmed its position in LXP Industrial Trust (NYSE:LXP) by 20.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,672 shares of the real estate investment trust’s stock after selling 11,698 shares during the period. IFM Investors Pty Ltd’s holdings in LXP Industrial Trust were worth $386,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cetera Investment Advisers raised its holdings in LXP Industrial Trust by 15.6% in the fourth quarter. Cetera Investment Advisers now owns 30,066 shares of the real estate investment trust’s stock worth $244,000 after buying an additional 4,057 shares during the last quarter. Quantinno Capital Management LP purchased a new position in shares of LXP Industrial Trust during the 4th quarter worth $171,000. Tidal Investments LLC bought a new stake in LXP Industrial Trust during the fourth quarter valued at about $572,000. GF Fund Management CO. LTD. purchased a new stake in LXP Industrial Trust in the 4th quarter worth approximately $43,000. Finally, 111 Capital purchased a new position in LXP Industrial Trust during the fourth quarter valued at approximately $171,000. Hedge funds and other institutional investors own 93.52% of the company’s stock.

LXP Industrial Trust Stock Performance

LXP Industrial Trust stock opened at $9.35 on Wednesday. The company has a market cap of $2.76 billion, a PE ratio of 33.38 and a beta of 1.06. LXP Industrial Trust has a twelve month low of $6.85 and a twelve month high of $10.28. The company’s 50-day moving average price is $8.59 and its 200-day moving average price is $8.44. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.18.

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, hitting analysts’ consensus estimates of $0.16. The firm had revenue of $86.74 million during 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%.The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.16 EPS. LXP Industrial Trust has set its FY 2025 guidance at 0.620-0.640 EPS. On average, equities research analysts forecast that LXP Industrial Trust will post 0.63 EPS for the current fiscal year.

LXP Industrial Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 5.8%. The ex-dividend date is Tuesday, September 30th. LXP Industrial Trust’s dividend payout ratio is presently 192.86%.

Analyst Ratings Changes

Separately, Wolfe Research started coverage on shares of LXP Industrial Trust in a research report on Friday, August 22nd. They issued an “outperform” rating and a $10.00 price target for the company. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average 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.