Deutsche Bank AG Invests $4.86 Million in LXP Industrial Trust $LXP

Deutsche Bank AG purchased a new stake in shares of LXP Industrial Trust (NYSE:LXP) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 90,268 shares of the real estate investment trust’s stock, valued at approximately $4,864,000.

Other large investors have also made changes to their positions in the company. Balyasny Asset Management L.P. boosted its holdings in LXP Industrial Trust by 269.0% in the second quarter. Balyasny Asset Management L.P. now owns 6,432,356 shares of the real estate investment trust’s stock worth $53,131,000 after purchasing an additional 4,688,972 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in LXP Industrial Trust by 468.5% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,057,488 shares of the real estate investment trust’s stock valued at $18,435,000 after buying an additional 1,695,558 shares in the last quarter. Qube Research & Technologies Ltd lifted its position in shares of LXP Industrial Trust by 359.3% in the second quarter. Qube Research & Technologies Ltd now owns 1,918,740 shares of the real estate investment trust’s stock worth $15,849,000 after buying an additional 1,501,010 shares during the last quarter. Norges Bank acquired a new stake in shares of LXP Industrial Trust in the fourth quarter worth about $59,953,000. Finally, Jane Street Group LLC boosted its stake 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 in the last quarter. Institutional investors own 93.52% of the company’s stock.

LXP Industrial Trust Trading Down 0.2%

LXP Industrial Trust stock opened at $61.02 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.10 and a current ratio of 0.10. The business’s 50-day simple moving average is $58.09 and its 200-day simple moving average is $52.73. The firm has a market capitalization of $3.60 billion, a PE ratio of 61.02 and a beta of 1.02. LXP Industrial Trust has a 52 week low of $43.75 and a 52 week high of $61.61.

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

LXP Industrial Trust Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 4.6%. LXP Industrial Trust’s payout ratio is 280.00%.

Analyst Ratings Changes

A number of brokerages have recently commented on LXP. BMO Capital Markets initiated coverage on LXP Industrial Trust in a report on Thursday, July 9th. They set an “outperform” rating and a $65.00 price objective on the stock. Citizens Jmp downgraded LXP Industrial Trust from a “market outperform” rating to a “hold” rating in a report on Tuesday, July 21st. Weiss Ratings raised shares of LXP Industrial Trust from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 15th. KeyCorp restated a “sector weight” rating on shares of LXP Industrial Trust in a research note on Tuesday, June 9th. Finally, Raymond James Financial initiated coverage on shares of LXP Industrial Trust in a report on Wednesday, June 17th. They set a “market perform” rating for the company. Two investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $57.40.

About LXP Industrial Trust

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.