Aberdeen Group plc Has $786,000 Stake in LXP Industrial Trust $LXP

Aberdeen Group plc lifted its position in LXP Industrial Trust (NYSE:LXP) by 11.9% during the 2nd quarter, Holdings Channel reports. The firm owned 95,159 shares of the real estate investment trust’s stock after buying an additional 10,113 shares during the quarter. Aberdeen Group plc’s holdings in LXP Industrial Trust were worth $786,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Centersquare Investment Management LLC raised its stake in shares of LXP Industrial Trust by 1,103.9% in the first quarter. Centersquare Investment Management LLC now owns 4,271,470 shares of the real estate investment trust’s stock valued at $36,948,000 after acquiring an additional 3,916,670 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in LXP Industrial Trust by 55.9% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,836,743 shares of the real estate investment trust’s stock valued at $41,838,000 after buying an additional 1,733,329 shares during the last quarter. Jane Street Group LLC boosted its holdings in LXP Industrial Trust by 6,092.1% in the first quarter. Jane Street Group LLC now owns 948,134 shares of the real estate investment trust’s stock valued at $8,201,000 after acquiring an additional 932,822 shares during the last quarter. Cubist Systematic Strategies LLC boosted its stake in shares of LXP Industrial Trust by 153.3% in the 1st quarter. Cubist Systematic Strategies LLC now owns 967,450 shares of the real estate investment trust’s stock valued at $8,368,000 after purchasing an additional 585,528 shares during the last quarter. Finally, Allianz Asset Management GmbH acquired a new stake in LXP Industrial Trust during the 1st quarter worth $4,263,000. 93.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Evercore ISI increased their target price on LXP Industrial Trust from $10.00 to $11.00 and gave the company an “in-line” rating in a research note on Monday, October 6th. Wolfe Research initiated coverage on LXP Industrial Trust in a research note on Friday, August 22nd. They issued an “outperform” rating and a $10.00 target price for the company. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of LXP Industrial Trust in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, LXP Industrial Trust currently has an average rating of “Hold” and an average price target of $10.33.

LXP Industrial Trust Stock Up 1.4%

LXP Industrial Trust stock opened at $9.46 on Friday. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.18. The company has a fifty day simple moving average of $8.99 and a 200 day simple moving average of $8.47. The company has a market cap of $2.80 billion, a P/E ratio of 33.78 and a beta of 1.05. LXP Industrial Trust has a 1-year low of $6.85 and a 1-year high of $9.95.

LXP Industrial Trust (NYSE:LXP) last issued its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. LXP Industrial Trust had a return on equity of 4.34% and a net margin of 24.07%.The firm had revenue of $86.74 million during the quarter, compared to analysts’ expectations of $87.25 million. During the same period in the prior year, the firm posted $0.16 earnings per share. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. LXP Industrial Trust has set its FY 2025 guidance at 0.620-0.640 EPS. Research analysts anticipate that LXP Industrial Trust will post 0.63 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, October 15th. Investors of record on Tuesday, September 30th were issued a dividend of $0.135 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 5.7%. LXP Industrial Trust’s payout ratio is presently 192.86%.

LXP Industrial Trust Profile

LXP Industrial Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) focused on single-tenant industrial real estate investments across the United States. LXP seeks to expand its industrial portfolio through acquisitions, build-to-suit transactions, sale-leaseback transactions, development projects and other transactions.