Aew Capital Management L P Sells 154,460 Shares of LXP Industrial Trust $LXP

Key Points

• Aew Capital Management L P has reduced its stake in LXP Industrial Trust by 2.7%, selling 154,460 shares during the 1st quarter and now holds approximately $48.97 million worth of the stock.
• LXP Industrial Trust reported a quarterly earnings per share (EPS) of $0.16, meeting analyst expectations, and a year-over-year revenue increase of 2.2% to $86.74 million.
• The company announced a quarterly dividend of $0.135, yielding 6.1%, with a payout ratio of 192.86%, indicating a high dividend payout relative to its earnings.

Aew Capital Management L P decreased its position in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 2.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,661,321 shares of the real estate investment trust's stock after selling 154,460 shares during the period. LXP Industrial Trust makes up 2.4% of Aew Capital Management L P's holdings, making the stock its 13th biggest position. Aew Capital Management L P owned 1.91% of LXP Industrial Trust worth $48,970,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in LXP. Envestnet Asset Management Inc. increased its position in LXP Industrial Trust by 21.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 68,937 shares of the real estate investment trust's stock worth $560,000 after buying an additional 12,225 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of LXP Industrial Trust during the fourth quarter valued at about $359,000. Barclays PLC boosted its stake in shares of LXP Industrial Trust by 5.6% during the fourth quarter. Barclays PLC now owns 530,736 shares of the real estate investment trust's stock valued at $4,309,000 after purchasing an additional 28,188 shares in the last quarter. Mariner LLC boosted its stake in shares of LXP Industrial Trust by 10.6% during the fourth quarter. Mariner LLC now owns 35,384 shares of the real estate investment trust's stock valued at $287,000 after purchasing an additional 3,395 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of LXP Industrial Trust by 0.7% during the fourth quarter. First Trust Advisors LP now owns 280,970 shares of the real estate investment trust's stock valued at $2,281,000 after purchasing an additional 1,896 shares in the last quarter. Institutional investors own 93.52% of the company's stock.

LXP Industrial Trust Price Performance

LXP Industrial Trust stock opened at $8.7950 on Friday. The stock's 50 day moving average is $8.32 and its 200 day moving average is $8.37. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.13 and a quick ratio of 0.13. The firm has a market cap of $2.60 billion, a P/E ratio of 31.41 and a beta of 1.01. LXP Industrial Trust has a one year low of $6.85 and a one year high of $10.44.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $0.16 EPS for the quarter, hitting analysts' consensus estimates of $0.16. The company had revenue of $86.74 million for the quarter, compared to analyst estimates of $87.25 million. LXP Industrial Trust had a return on equity of 4.34% and a net margin of 24.07%.The firm's quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.16 earnings per share. LXP Industrial Trust has set its FY 2025 guidance at 0.620-0.640 EPS. As a group, research analysts expect that LXP Industrial Trust will post 0.63 EPS for the current year.

LXP Industrial Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a $0.135 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.54 annualized dividend and a yield of 6.1%. LXP Industrial Trust's payout ratio is 192.86%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. JMP Securities reissued a "market perform" rating on shares of LXP Industrial Trust in a research note on Monday, May 5th. Wolfe Research assumed coverage on LXP Industrial Trust in a research note on Friday. They set an "outperform" rating and a $10.00 price target on the stock. Finally, KeyCorp cut their price target on LXP Industrial Trust from $11.00 to $10.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $10.33.

About LXP Industrial Trust

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.

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