Heartland Advisors Inc. Takes Position in LXP Industrial Trust $LXP

Heartland Advisors Inc. bought a new position in LXP Industrial Trust (NYSE:LXP) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 363,350 shares of the real estate investment trust’s stock, valued at approximately $19,577,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Balyasny Asset Management L.P. raised its position in LXP Industrial Trust by 269.0% during the second quarter. Balyasny Asset Management L.P. now owns 6,432,356 shares of the real estate investment trust’s stock valued at $53,131,000 after acquiring an additional 4,688,972 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in LXP Industrial Trust by 3.5% in the third quarter. Dimensional Fund Advisors LP now owns 4,311,597 shares of the real estate investment trust’s stock valued at $38,633,000 after acquiring an additional 145,951 shares during the period. Goldman Sachs Group Inc. boosted its position in 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 worth $32,159,000 after purchasing an additional 458,195 shares in the last quarter. Qube Research & Technologies Ltd boosted its position in LXP Industrial Trust by 48.6% in the 3rd quarter. Qube Research & Technologies Ltd now owns 2,850,940 shares of the real estate investment trust’s stock worth $25,544,000 after purchasing an additional 932,200 shares in the last quarter. Finally, UBS Group AG boosted its position in LXP Industrial Trust by 59.2% in the 3rd quarter. UBS Group AG now owns 2,452,515 shares of the real estate investment trust’s stock worth $21,975,000 after purchasing an additional 911,566 shares in the last quarter. 93.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Weiss Ratings raised shares of LXP Industrial Trust from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 15th. Raymond James Financial initiated coverage on shares of LXP Industrial Trust in a report on Wednesday, June 17th. They set a “market perform” rating on the stock. Jefferies Financial Group lowered shares of LXP Industrial Trust from a “buy” rating to a “hold” rating and dropped their price target for the company from $62.00 to $61.00 in a research report on Thursday, August 6th. BMO Capital Markets began coverage on shares of LXP Industrial Trust in a report on Thursday, July 9th. They issued an “outperform” rating and a $65.00 price objective for the company. Finally, Citizens Jmp downgraded shares of LXP Industrial Trust from a “market outperform” rating to a “hold” rating in a research report on Tuesday, July 21st. Two analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $57.40.

LXP Industrial Trust Stock Up 0.1%

LXP Industrial Trust stock opened at $60.92 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.10 and a quick ratio of 0.10. The stock has a market capitalization of $3.59 billion, a PE ratio of 60.92 and a beta of 1.02. The business has a 50 day simple moving average of $57.80 and a 200-day simple moving average of $52.56. LXP Industrial Trust has a 12 month low of $43.27 and a 12 month high of $61.61.

LXP Industrial Trust (NYSE:LXP) last announced its earnings results on Wednesday, July 29th. The real estate investment trust reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $88.11 million for the quarter, compared to analyst estimates of $85.37 million. During the same quarter last year, the firm posted $0.16 EPS. The business’s revenue was up .4% on a year-over-year basis. On average, analysts anticipate that LXP Industrial Trust will post 3.34 EPS for the current fiscal year.

LXP Industrial Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given 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 yield of 4.6%. LXP Industrial Trust’s dividend payout ratio is currently 280.00%.

LXP Industrial Trust Company 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.