LXP Industrial Trust $LXP Shares Sold by Deutsche Bank AG

Key Points

• Deutsche Bank AG reduced its stake in LXP Industrial Trust by 20.3%, owning 413,946 shares valued at approximately $3.58 million after a sale of 105,542 shares.
• Multiple institutional investors, including Charles Schwab and Vanguard Group, increased their holdings in LXP Industrial Trust, highlighting shifting investor confidence.
• LXP recently reported a quarterly EPS of $0.16, meeting analysts' expectations, while also announcing a dividend of $0.135 per share, reflecting a dividend yield of 6.6%.

Deutsche Bank AG reduced its holdings in LXP Industrial Trust (NYSE:LXP - Free Report) by 20.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 413,946 shares of the real estate investment trust's stock after selling 105,542 shares during the period. Deutsche Bank AG owned approximately 0.14% of LXP Industrial Trust worth $3,581,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of LXP. LPL Financial LLC raised its stake in LXP Industrial Trust by 16.5% during the fourth quarter. LPL Financial LLC now owns 97,101 shares of the real estate investment trust's stock worth $788,000 after purchasing an additional 13,758 shares during the period. Envestnet Asset Management Inc. raised its stake in LXP Industrial Trust by 21.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 68,937 shares of the real estate investment trust's stock worth $560,000 after purchasing an additional 12,225 shares during the period. Bank of Montreal Can raised its stake in LXP Industrial Trust by 16.4% during the fourth quarter. Bank of Montreal Can now owns 37,386 shares of the real estate investment trust's stock worth $304,000 after purchasing an additional 5,277 shares during the period. Invesco Ltd. raised its stake in LXP Industrial Trust by 4.2% during the fourth quarter. Invesco Ltd. now owns 1,581,895 shares of the real estate investment trust's stock worth $12,845,000 after purchasing an additional 64,299 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in LXP Industrial Trust during the fourth quarter worth about $359,000. 93.52% of the stock is owned by hedge funds and other institutional investors.

LXP Industrial Trust Trading Up 2.6%

Shares of LXP traded up $0.2250 during trading on Friday, reaching $8.7950. 3,957,019 shares of the company traded hands, compared to its average volume of 3,655,207. LXP Industrial Trust has a twelve month low of $6.85 and a twelve month high of $10.44. The stock has a market cap of $2.60 billion, a PE ratio of 31.41 and a beta of 1.01. The stock has a 50-day simple moving average of $8.32 and a 200-day simple moving average of $8.37. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.18.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.16 earnings per share 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 business had revenue of $86.74 million during the quarter, compared to analysts' expectations of $87.25 million. During the same period last year, the business earned $0.16 earnings per share. The business's revenue for the quarter was up 2.2% on a year-over-year basis. LXP Industrial Trust has set its FY 2025 guidance at 0.620-0.640 EPS. On average, analysts anticipate that LXP Industrial Trust will post 0.63 earnings per share for the current year.

LXP Industrial Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors 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 6.1%. LXP Industrial Trust's payout ratio is 192.86%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LXP. JMP Securities reaffirmed a "market perform" rating on shares of LXP Industrial Trust in a research note on Monday, May 5th. Wolfe Research began coverage on shares of LXP Industrial Trust in a research note on Friday. They set an "outperform" rating and a $10.00 target price on the stock. Finally, KeyCorp reduced their target price on shares of 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 investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target 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.