LXP Industrial Trust $LXP Stock Holdings Reduced by Susquehanna International Group LLP

Susquehanna International Group LLP lowered its position in LXP Industrial Trust (NYSE:LXP) by 66.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,221 shares of the real estate investment trust’s stock after selling 18,007 shares during the period. Susquehanna International Group LLP’s holdings in LXP Industrial Trust were worth $497,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Nissay Asset Management Corp Japan lifted its stake in shares of LXP Industrial Trust by 1.9% in the 2nd quarter. Nissay Asset Management Corp Japan now owns 9,247 shares of the real estate investment trust’s stock valued at $498,000 after purchasing an additional 173 shares during the last quarter. IFP Advisors Inc increased its position in LXP Industrial Trust by 63.8% during the fourth quarter. IFP Advisors Inc now owns 837 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 326 shares during the last quarter. Cetera Investment Advisers increased its position in LXP Industrial Trust by 5.2% during the first quarter. Cetera Investment Advisers now owns 14,905 shares of the real estate investment trust’s stock worth $689,000 after buying an additional 743 shares during the last quarter. Pictet Asset Management Holding SA raised its holdings in LXP Industrial Trust by 11.6% during the first quarter. Pictet Asset Management Holding SA now owns 9,698 shares of the real estate investment trust’s stock valued at $449,000 after buying an additional 1,009 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. raised its holdings in LXP Industrial Trust by 4.7% during the first quarter. Resona Asset Management Co. Ltd. now owns 26,174 shares of the real estate investment trust’s stock valued at $1,213,000 after buying an additional 1,164 shares in the last quarter. Institutional investors own 93.52% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on LXP. Raymond James Financial started coverage on LXP Industrial Trust in a research note on Wednesday, June 17th. They set a “market perform” rating for the company. BMO Capital Markets began coverage on LXP Industrial Trust in a research note on Thursday, July 9th. They issued an “outperform” rating and a $65.00 price objective on the stock. Jefferies Financial Group lowered LXP Industrial Trust from a “buy” rating to a “hold” rating and reduced their target price for the stock from $62.00 to $61.00 in a report on Thursday, August 6th. Citizens Jmp cut LXP Industrial Trust from a “market outperform” rating to a “hold” rating in a research report on Tuesday, July 21st. Finally, Evercore set a $54.00 price target on LXP Industrial Trust in a report on Monday, June 8th. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, LXP Industrial Trust has an average rating of “Hold” and an average price target of $57.40.

LXP Industrial Trust Price Performance

NYSE:LXP opened at $60.71 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.10 and a quick ratio of 0.10. LXP Industrial Trust has a one year low of $43.97 and a one year high of $61.61. The company has a fifty day moving average price of $58.71 and a 200 day moving average price of $53.00. The stock has a market cap of $3.58 billion, a P/E ratio of 60.71 and a beta of 1.02.

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 (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.01. The company had revenue of $88.11 million for the quarter, compared to the consensus estimate of $85.37 million. LXP Industrial Trust had a net margin of 18.66% and a return on equity of 3.37%. The business’s revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.16 EPS. Analysts anticipate that LXP Industrial Trust will post 3.34 earnings per share for the current year.

LXP Industrial Trust Announces Dividend

The company also recently disclosed 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. This represents a $2.80 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Tuesday, June 30th. LXP Industrial Trust’s dividend payout ratio (DPR) is presently 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.