LXP Industrial Trust $LXP Shares Bought by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC significantly increased its stake in LXP Industrial Trust, lifting its position by 153.3% to 967,450 shares, worth approximately $8.36 million.
• LXP Industrial Trust received an "outperform" rating with a target price of $10.00 from Wolfe Research, contributing to a consensus rating of "Moderate Buy".
• The company recently announced a quarterly dividend of $0.135 per share, equating to an annualized yield of 6.1%, although it has a high payout ratio of 192.86%.

Cubist Systematic Strategies LLC raised its holdings in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 153.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 967,450 shares of the real estate investment trust's stock after acquiring an additional 585,528 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.33% of LXP Industrial Trust worth $8,368,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. EQ Wealth Advisors LLC purchased a new stake in shares of LXP Industrial Trust during the 1st quarter worth about $30,000. GF Fund Management CO. LTD. purchased a new stake in shares of LXP Industrial Trust during the 4th quarter worth about $43,000. Headlands Technologies LLC purchased a new stake in shares of LXP Industrial Trust during the 1st quarter worth about $46,000. Brooklyn Investment Group boosted its stake in shares of LXP Industrial Trust by 276.3% during the 1st quarter. Brooklyn Investment Group now owns 5,479 shares of the real estate investment trust's stock worth $47,000 after acquiring an additional 4,023 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in LXP Industrial Trust by 678.3% in the 1st quarter. Signaturefd LLC now owns 6,281 shares of the real estate investment trust's stock worth $54,000 after acquiring an additional 5,474 shares in the last quarter. 93.52% of the stock is currently owned by institutional investors and hedge funds.

LXP Industrial Trust Trading Up 0.5%

LXP stock traded up $0.05 during mid-day trading on Friday, hitting $9.15. 1,836,315 shares of the company were exchanged, compared to its average volume of 3,150,012. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $2.70 billion, a P/E ratio of 32.66 and a beta of 1.06. The business has a fifty day simple moving average of $8.40 and a 200-day simple moving average of $8.41. LXP Industrial Trust has a 12-month low of $6.85 and a 12-month high of $10.32.

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

LXP Industrial Trust Announces Dividend

The business 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. This represents a $0.54 annualized dividend and a yield of 5.9%. The ex-dividend date was Monday, June 30th. LXP Industrial Trust's dividend payout ratio is currently 192.86%.

Analysts Set New Price Targets

Separately, Wolfe Research started coverage on shares of LXP Industrial Trust in a report on Friday, August 22nd. They set an "outperform" rating and a $10.00 target price for the company. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, LXP Industrial Trust has a consensus 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.