GAMMA Investing LLC Increases Position in LXP Industrial Trust $LXP

GAMMA Investing LLC grew its position in LXP Industrial Trust (NYSE:LXP) by 50.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,866 shares of the real estate investment trust’s stock after buying an additional 1,296 shares during the period. GAMMA Investing LLC’s holdings in LXP Industrial Trust were worth $32,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in LXP. Vert Asset Management LLC grew its stake in shares of LXP Industrial Trust by 13.7% in the 1st quarter. Vert Asset Management LLC now owns 147,919 shares of the real estate investment trust’s stock valued at $1,279,000 after buying an additional 17,857 shares during the period. SG Americas Securities LLC purchased a new stake in shares of LXP Industrial Trust in the 1st quarter valued at approximately $1,138,000. Shikiar Asset Management Inc. grew its stake in shares of LXP Industrial Trust by 22.2% in the 1st quarter. Shikiar Asset Management Inc. now owns 317,250 shares of the real estate investment trust’s stock valued at $2,744,000 after buying an additional 57,550 shares during the period. QRG Capital Management Inc. grew its stake in shares of LXP Industrial Trust by 28.4% in the 1st quarter. QRG Capital Management Inc. now owns 47,307 shares of the real estate investment trust’s stock valued at $409,000 after buying an additional 10,459 shares during the period. Finally, EQ Wealth Advisors LLC purchased a new stake in shares of LXP Industrial Trust in the 1st quarter valued at approximately $30,000. Hedge funds and other institutional investors own 93.52% of the company’s stock.

Analysts Set New Price Targets

LXP has been the subject of several analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of LXP Industrial Trust in a research note on Saturday, September 27th. Wolfe Research initiated coverage on shares of LXP Industrial Trust in a research report on Friday, August 22nd. They set an “outperform” rating and a $10.00 price objective for the company. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $10.00.

LXP Industrial Trust Price Performance

LXP Industrial Trust stock opened at $9.36 on Monday. The firm has a market cap of $2.77 billion, a PE ratio of 33.41 and a beta of 1.05. LXP Industrial Trust has a 52-week low of $6.85 and a 52-week high of $9.95. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.18. The company’s 50 day moving average is $8.74 and its two-hundred day moving average is $8.44.

LXP Industrial Trust (NYSE:LXP) last released its earnings results 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 analyst estimates 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 quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.16 EPS. LXP Industrial Trust has set its FY 2025 guidance at 0.620-0.640 EPS. On average, research analysts expect that LXP Industrial Trust will post 0.63 EPS for the current fiscal year.

LXP Industrial Trust Dividend Announcement

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

LXP Industrial Trust Company 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.