LXP Industrial Trust $LXP Shares Sold by Susquehanna International Group LLP

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

Several other large investors have also recently made changes to their positions in LXP. Heartland Advisors Inc. acquired a new position in shares of LXP Industrial Trust during the 1st quarter valued at about $10,705,000. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in LXP Industrial Trust during the second quarter worth approximately $940,000. William Blair Investment Management LLC purchased a new position in LXP Industrial Trust during the 2nd quarter worth approximately $26,535,000. Principal Financial Group Inc. increased its position in LXP Industrial Trust by 31.1% in the 1st quarter. Principal Financial Group Inc. now owns 369,658 shares of the real estate investment trust’s stock valued at $17,100,000 after acquiring an additional 87,741 shares during the period. Finally, Quantinno Capital Management LP raised its holdings in LXP Industrial Trust by 128.1% during the first quarter. Quantinno Capital Management LP now owns 41,933 shares of the real estate investment trust’s stock worth $1,940,000 after purchasing an additional 23,550 shares in the last quarter. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

LXP Industrial Trust Price Performance

NYSE LXP opened at $60.71 on Tuesday. LXP Industrial Trust has a 1 year low of $43.97 and a 1 year high of $61.61. The business’s fifty day moving average is $58.71 and its two-hundred day moving average is $53.00. The stock has a market capitalization of $3.58 billion, a P/E ratio of 60.71 and a beta of 1.02. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.10 and a current ratio of 0.10.

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 for the quarter, topping the consensus estimate of $0.83 by $0.01. The business had revenue of $88.11 million during the quarter, compared to analyst estimates of $85.37 million. LXP Industrial Trust had a return on equity of 3.37% and a net margin of 18.66%.The company’s revenue was up .4% compared to the same quarter last year. During the same period last year, the company posted $0.16 EPS. On average, research analysts forecast that LXP Industrial Trust will post 3.34 earnings per share for the current fiscal year.

LXP Industrial Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a $0.70 dividend. 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 280.00%.

Analyst Upgrades and Downgrades

LXP has been the topic of a number of research reports. Evercore set a $54.00 price objective on shares of LXP Industrial Trust in a research note on Monday, June 8th. KeyCorp reissued a “sector weight” rating on shares of LXP Industrial Trust in a research report on Tuesday, June 9th. Weiss Ratings raised LXP Industrial Trust from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 15th. Raymond James Financial began coverage on LXP Industrial Trust in a research note on Wednesday, June 17th. They set a “market perform” rating on the stock. Finally, Citigroup reaffirmed an “outperform” rating on shares of LXP Industrial Trust in a research note on Thursday, July 16th. Two equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, LXP Industrial Trust presently has a consensus rating of “Hold” and an average price target 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.