Deutsche Bank AG Makes New $4.86 Million Investment in LXP Industrial Trust $LXP

Key Points

• Deutsche Bank acquired 90,268 shares of LXP Industrial Trust in the second quarter, valued at approximately $4.86 million and representing about 0.15% of the company. Institutional investors and hedge funds collectively own 93.52% of LXP’s stock.
• LXP reported quarterly earnings of $0.84 per share, beating estimates of $0.83, while revenue reached $88.11 million versus the $85.37 million consensus estimate. The company pays a quarterly dividend of $0.70 per share, equivalent to a 4.6% yield.
• Analysts maintain a consensus “Hold” rating with a $57.40 price target, below LXP’s reported market price of $61.02; ratings range from “Sell” to “Outperform.”

Deutsche Bank AG purchased a new stake in LXP Industrial Trust (NYSE:LXP - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 90,268 shares of the real estate investment trust's stock, valued at approximately $4,864,000. Deutsche Bank AG owned approximately 0.15% of LXP Industrial Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of LXP. IFP Advisors Inc raised its holdings in LXP Industrial Trust by 63.8% during the 4th quarter. IFP Advisors Inc now owns 837 shares of the real estate investment trust's stock worth $41,000 after buying an additional 326 shares during the period. EQ Wealth Advisors LLC purchased a new position in shares of LXP Industrial Trust in the fourth quarter worth approximately $34,000. Cetera Investment Advisers increased its position in shares of LXP Industrial Trust by 5.2% in the first quarter. Cetera Investment Advisers now owns 14,905 shares of the real estate investment trust's stock worth $689,000 after acquiring an additional 743 shares in the last quarter. Pictet Asset Management Holding SA raised its holdings in shares of LXP Industrial Trust by 11.6% during the first quarter. Pictet Asset Management Holding SA now owns 9,698 shares of the real estate investment trust's stock valued at $449,000 after acquiring an additional 1,009 shares during the period. Finally, Resona Asset Management Co. Ltd. raised its holdings in shares of LXP Industrial Trust by 4.7% during the first quarter. Resona Asset Management Co. Ltd. now owns 26,174 shares of the real estate investment trust's stock valued at $1,213,000 after acquiring an additional 1,164 shares during the period. Institutional investors and hedge funds own 93.52% of the company's stock.

LXP Industrial Trust Stock Performance

LXP stock opened at $61.02 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.10 and a current ratio of 0.10. The stock has a market cap of $3.60 billion, a P/E ratio of 61.02 and a beta of 1.02. The firm has a 50 day simple moving average of $58.09 and a 200 day simple moving average of $52.73. LXP Industrial Trust has a 52 week low of $43.75 and a 52 week high of $61.61.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.01. The firm had revenue of $88.11 million for the quarter, compared to analyst estimates of $85.37 million. LXP Industrial Trust had a net margin of 18.66% and a return on equity of 3.37%. The company's revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.16 EPS. Research analysts anticipate that LXP Industrial Trust will post 3.34 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 Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.6%. The ex-dividend date was Tuesday, June 30th. LXP Industrial Trust's payout ratio is currently 280.00%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Jefferies Financial Group downgraded shares of LXP Industrial Trust from a "buy" rating to a "hold" rating and reduced their price target for the company from $62.00 to $61.00 in a research report on Thursday, August 6th. Raymond James Financial began coverage on shares of LXP Industrial Trust in a research note on Wednesday, June 17th. They set a "market perform" rating on the stock. BMO Capital Markets started coverage on LXP Industrial Trust in a report on Thursday, July 9th. They issued an "outperform" rating and a $65.00 target price for the company. Wall Street Zen cut LXP Industrial Trust from a "hold" rating to a "sell" rating in a research report on Sunday, July 12th. Finally, Evercore set a $54.00 target price on LXP Industrial Trust in a research report on Monday, June 8th. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, LXP Industrial Trust presently has a consensus rating of "Hold" and a consensus price target of $57.40.

LXP Industrial Trust Profile

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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