AlphaQuest LLC Has $2.16 Million Stock Holdings in 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 raised its position in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 299.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 249,371 shares of the real estate investment trust's stock after purchasing an additional 186,897 shares during the period. AlphaQuest LLC owned 0.08% of LXP Industrial Trust worth $2,157,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in LXP. Cetera Investment Advisers boosted its holdings in shares of LXP Industrial Trust by 4.7% during the 1st quarter. Cetera Investment Advisers now owns 31,486 shares of the real estate investment trust's stock worth $272,000 after buying an additional 1,420 shares during the period. PNC Financial Services Group Inc. boosted its holdings in LXP Industrial Trust by 3.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 47,880 shares of the real estate investment trust's stock valued at $414,000 after purchasing an additional 1,574 shares during the period. M&T Bank Corp boosted its holdings in LXP Industrial Trust by 4.3% in the 1st quarter. M&T Bank Corp now owns 40,529 shares of the real estate investment trust's stock valued at $351,000 after purchasing an additional 1,660 shares during the period. Nissay Asset Management Corp Japan ADV raised its stake in shares of LXP Industrial Trust by 4.0% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 44,019 shares of the real estate investment trust's stock valued at $362,000 after buying an additional 1,681 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in shares of LXP Industrial Trust by 0.7% in the 4th quarter. First Trust Advisors LP now owns 280,970 shares of the real estate investment trust's stock valued at $2,281,000 after buying an additional 1,896 shares in the last quarter. 93.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

LXP has been the subject of a number of recent research reports. KeyCorp dropped their price objective on shares of LXP Industrial Trust from $11.00 to $10.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Wolfe Research started coverage on shares of LXP Industrial Trust in a report on Friday. They set an "outperform" rating and a $10.00 price objective on the stock. Finally, JMP Securities reaffirmed a "market perform" rating on shares of LXP Industrial Trust in a research note on Monday, May 5th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, LXP Industrial Trust presently has a consensus rating of "Moderate Buy" and an average target price of $10.33.

LXP Industrial Trust Stock Performance

Shares of LXP stock opened at $8.5650 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.13 and a current ratio of 0.13. LXP Industrial Trust has a 52 week low of $6.85 and a 52 week high of $10.44. The company has a market capitalization of $2.53 billion, a P/E ratio of 30.59 and a beta of 1.01. The company's 50 day moving average price is $8.31 and its two-hundred day moving average price is $8.37.

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 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.16. LXP Industrial Trust had a net margin of 24.07% and a return on equity of 4.34%. The company had revenue of $86.74 million for the quarter, compared to the consensus estimate of $87.25 million. During the same period last year, the company earned $0.16 earnings per share. The firm's 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. On average, analysts expect 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 disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a $0.135 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 6.3%. LXP Industrial Trust's dividend payout ratio (DPR) is 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.

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