AlphaQuest LLC Buys 186,897 Shares of LXP Industrial Trust $LXP

Key Points

• AlphaQuest LLC increased its stake in LXP Industrial Trust by 299.2% in Q1, owning 249,371 shares valued at $2.16 million.
• Several institutional investors have also adjusted their positions in LXP, with over 93% of the stock owned by institutional stakeholders.
• LXP Industrial Trust reported Q2 earnings meeting expectations at $0.16 EPS with a revenue of $86.74 million, slightly below consensus estimates.

AlphaQuest LLC lifted its position in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 299.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 249,371 shares of the real estate investment trust's stock after purchasing an additional 186,897 shares during the quarter. AlphaQuest LLC owned 0.08% of LXP Industrial Trust worth $2,157,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LXP. EQ Wealth Advisors LLC bought a new stake in LXP Industrial Trust during the first quarter worth about $30,000. GF Fund Management CO. LTD. bought a new stake in LXP Industrial Trust during the fourth quarter worth about $43,000. Headlands Technologies LLC bought a new stake in LXP Industrial Trust during the first quarter worth about $46,000. Brooklyn Investment Group lifted its stake in LXP Industrial Trust by 276.3% in the first quarter. Brooklyn Investment Group now owns 5,479 shares of the real estate investment trust's stock valued at $47,000 after acquiring an additional 4,023 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in LXP Industrial Trust by 678.3% in the first quarter. Signaturefd LLC now owns 6,281 shares of the real estate investment trust's stock valued at $54,000 after acquiring an additional 5,474 shares during the last quarter. 93.52% of the stock is owned by institutional investors and hedge funds.

LXP Industrial Trust Price Performance

NYSE LXP traded up $0.11 during trading on Wednesday, hitting $8.99. 2,253,034 shares of the company's stock were exchanged, compared to its average volume of 2,944,365. 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 market cap of $2.66 billion, a PE ratio of 32.09 and a beta of 1.01. LXP Industrial Trust has a fifty-two week low of $6.85 and a fifty-two week high of $10.44. The stock's 50 day moving average price is $8.33 and its two-hundred day moving average price is $8.38.

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

LXP Industrial Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date was Monday, June 30th. LXP Industrial Trust's payout ratio is presently 192.86%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. KeyCorp dropped their price objective on shares of LXP Industrial Trust from $11.00 to $10.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. JMP Securities reiterated a "market perform" rating on shares of LXP Industrial Trust in a research note on Monday, May 5th. Finally, Wolfe Research started coverage on LXP Industrial Trust in a research note on Friday, August 22nd. They set an "outperform" rating and a $10.00 target price on the stock. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, LXP Industrial Trust currently has an average rating of "Moderate Buy" and a consensus 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.