Ieq Capital LLC Invests $748,000 in LXP Industrial Trust $LXP

Ieq Capital LLC purchased a new position in LXP Industrial Trust (NYSE:LXP) during the second quarter, Holdings Channel reports. The firm purchased 13,881 shares of the real estate investment trust’s stock, valued at approximately $748,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in LXP Industrial Trust by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 172,981 shares of the real estate investment trust’s stock worth $1,496,000 after buying an additional 7,577 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of LXP Industrial Trust in the 1st quarter valued at approximately $129,000. Goldman Sachs Group Inc. raised its position in shares of LXP Industrial Trust by 14.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,717,830 shares of the real estate investment trust’s stock valued at $32,159,000 after buying an additional 458,195 shares in the last quarter. United Services Automobile Association bought a new stake in shares of LXP Industrial Trust during the 1st quarter worth approximately $158,000. Finally, Jane Street Group LLC lifted its holdings in shares of LXP Industrial Trust by 6,092.1% during the 1st quarter. Jane Street Group LLC now owns 948,134 shares of the real estate investment trust’s stock worth $8,201,000 after acquiring an additional 932,822 shares during the period. Institutional investors and hedge funds own 93.52% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Citizens Jmp cut shares of LXP Industrial Trust from a “market outperform” rating to a “hold” rating in a research note on Tuesday, July 21st. KeyCorp restated a “sector weight” rating on shares of LXP Industrial Trust in a research note on Tuesday, June 9th. Jefferies Financial Group downgraded LXP Industrial Trust from a “buy” rating to a “hold” rating and reduced their target price for the company from $62.00 to $61.00 in a report on Thursday, August 6th. Citigroup reiterated an “outperform” rating on shares of LXP Industrial Trust in a research note on Thursday, July 16th. Finally, Wall Street Zen cut LXP Industrial Trust from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Two equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $57.40.

LXP Industrial Trust Trading Up 0.2%

LXP opened at $61.09 on Friday. The company has a market cap of $3.60 billion, a P/E ratio of 61.09 and a beta of 1.02. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.19. The company’s 50 day moving average is $58.42 and its 200-day moving average is $52.87. LXP Industrial Trust has a 1-year low of $43.97 and a 1-year high of $61.61.

LXP Industrial Trust (NYSE:LXP) last released its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.01. The business had revenue of $88.11 million during the quarter, compared to analysts’ expectations of $85.37 million. LXP Industrial Trust had a net margin of 18.66% and a return on equity of 3.37%. The firm’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.16 EPS. Equities research analysts predict that LXP Industrial Trust will post 3.34 earnings per share for the current fiscal year.

LXP Industrial Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.70 per share. The ex-dividend date was Tuesday, June 30th. This represents a $2.80 annualized dividend and a dividend yield of 4.6%. LXP Industrial Trust’s dividend payout ratio is 280.00%.

LXP Industrial Trust Profile

LXP Industrial Trust is a real estate investment trust that specializes in the ownership, acquisition and management of industrial properties across North America. The company’s portfolio consists of warehouses, distribution centers and manufacturing facilities designed to support supply-chain and logistics operations. By focusing on long-term leasing arrangements, LXP Industrial Trust aims to provide stable income streams while delivering value to tenants through modern, well-positioned industrial space.

The firm’s primary business activities include sourcing and under-writing new property investments, overseeing development and redevelopment projects, and implementing asset-management strategies to enhance the performance of its holdings.