California State Teachers Retirement System Purchases 16,673 Shares of LXP Industrial Trust $LXP

Key Points

• California State Teachers Retirement System increased its LXP Industrial Trust stake by 30.7%, buying 16,673 shares to own 71,015 shares valued at approximately $3.29 million. Institutional investors collectively hold 93.52% of the company’s stock.
• Analyst sentiment remains mixed: LXP has a consensus “Hold” rating from 10 analysts, with an average price target of $56.17. Recent recommendations range from BMO Capital Markets’ $65 “Outperform” rating to Jefferies’ downgrade to “Hold” with a $61 target.
• LXP shares opened at $60.56 and recently traded near their 12-month high of $61.61. The company pays a quarterly dividend of $0.70 per share, equivalent to an annualized $2.80 dividend and a 4.6% yield.

California State Teachers Retirement System increased its holdings in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 30.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,015 shares of the real estate investment trust's stock after acquiring an additional 16,673 shares during the period. California State Teachers Retirement System owned about 0.12% of LXP Industrial Trust worth $3,285,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in LXP. Quantinno Capital Management LP grew its stake in shares of 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 valued at $1,940,000 after purchasing an additional 23,550 shares during the last quarter. Caxton Associates LLP grew its holdings in shares of LXP Industrial Trust by 18.8% in the 1st quarter. Caxton Associates LLP now owns 8,711 shares of the real estate investment trust's stock valued at $403,000 after buying an additional 1,381 shares during the period. Inceptionr LLC acquired a new position in LXP Industrial Trust in the first quarter valued at about $417,000. Cetera Investment Advisers increased its stake in LXP Industrial Trust by 5.2% during the 1st quarter. Cetera Investment Advisers now owns 14,905 shares of the real estate investment trust's stock worth $689,000 after purchasing an additional 743 shares in the last quarter. Finally, Lasalle Investment Management Securities LLC increased its position in shares of LXP Industrial Trust by 6.9% during the first quarter. Lasalle Investment Management Securities LLC now owns 1,828,528 shares of the real estate investment trust's stock worth $84,588,000 after acquiring an additional 117,737 shares in the last quarter. Institutional investors own 93.52% of the company's stock.

Analysts Set New Price Targets

LXP has been the subject of a number of research reports. BMO Capital Markets started coverage on LXP Industrial Trust in a report on Thursday, July 9th. They set an "outperform" rating and a $65.00 price objective for the company. Citigroup reiterated an "outperform" rating on shares of LXP Industrial Trust in a research note on Thursday, July 16th. Jefferies Financial Group lowered shares of LXP Industrial Trust from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $62.00 to $61.00 in a research note on Thursday. KeyCorp reaffirmed a "sector weight" rating on shares of LXP Industrial Trust in a report on Tuesday, June 9th. Finally, Wall Street Zen downgraded shares of LXP Industrial Trust from a "hold" rating to a "sell" rating in a research note on Sunday, July 12th. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $56.17.

LXP Industrial Trust Price Performance

LXP Industrial Trust stock opened at $60.56 on Monday. The stock has a market cap of $3.57 billion, a P/E ratio of 60.56 and a beta of 1.02. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.19. LXP Industrial Trust has a twelve month low of $39.32 and a twelve month high of $61.61. The company's 50-day moving average price is $56.00 and its two-hundred day moving average price is $51.78.

LXP Industrial Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.70 per share. The ex-dividend date was Tuesday, June 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.6%. LXP Industrial Trust's dividend payout ratio (DPR) is 280.00%.

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.

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