Hsbc Holdings PLC Invests $8.15 Million in LXP Industrial Trust $LXP

Key Points

• HSBC Holdings purchased 151,067 shares of LXP Industrial Trust in the second quarter, valued at approximately $8.15 million and representing a 0.26% stake. Institutional investors and hedge funds collectively own 93.52% of LXP.
• LXP reported quarterly earnings of $0.84 per share, exceeding the $0.83 consensus estimate, while revenue reached $88.11 million versus expectations of $85.37 million.
• Analysts maintain a generally cautious view, with a consensus rating of “Hold” and a $57.40 target price. The stock recently traded at $60.71 and pays a quarterly dividend of $0.70 per share, yielding about 4.6%.

Hsbc Holdings PLC bought a new position in shares of LXP Industrial Trust (NYSE:LXP - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 151,067 shares of the real estate investment trust's stock, valued at approximately $8,147,000. Hsbc Holdings PLC owned 0.26% of LXP Industrial Trust as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LXP. Balyasny Asset Management L.P. boosted its position in LXP Industrial Trust by 269.0% in the 2nd quarter. Balyasny Asset Management L.P. now owns 6,432,356 shares of the real estate investment trust's stock worth $53,131,000 after purchasing an additional 4,688,972 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of LXP Industrial Trust by 3.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,311,597 shares of the real estate investment trust's stock valued at $38,633,000 after purchasing an additional 145,951 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of LXP Industrial Trust by 14.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,717,830 shares of the real estate investment trust's stock valued at $32,159,000 after purchasing an additional 458,195 shares during the period. Qube Research & Technologies Ltd lifted its stake in shares of LXP Industrial Trust by 48.6% in the 3rd quarter. Qube Research & Technologies Ltd now owns 2,850,940 shares of the real estate investment trust's stock valued at $25,544,000 after purchasing an additional 932,200 shares during the period. Finally, UBS Group AG lifted its stake in shares of LXP Industrial Trust by 59.2% in the 3rd quarter. UBS Group AG now owns 2,452,515 shares of the real estate investment trust's stock valued at $21,975,000 after purchasing an additional 911,566 shares during the period. 93.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LXP has been the topic of several analyst reports. Wall Street Zen lowered shares of LXP Industrial Trust from a "hold" rating to a "sell" rating in a research report on Sunday, July 12th. Citigroup reiterated an "outperform" rating on shares of LXP Industrial Trust in a research report on Thursday, July 16th. Evercore set a $54.00 target price on shares of LXP Industrial Trust in a research note on Monday, June 8th. Citizens Jmp cut LXP Industrial Trust from a "market outperform" rating to a "hold" rating in a research report on Tuesday, July 21st. Finally, Raymond James Financial began coverage on LXP Industrial Trust in a research note on Wednesday, June 17th. They issued a "market perform" rating for the company. Two analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, LXP Industrial Trust presently has a consensus rating of "Hold" and a consensus target price of $57.40.

LXP Industrial Trust Price Performance

LXP Industrial Trust stock opened at $60.71 on Friday. The company's fifty day moving average price is $58.58 and its 200 day moving average price is $52.92. LXP Industrial Trust has a 1 year low of $43.97 and a 1 year high of $61.61. The stock has a market capitalization of $3.58 billion, a P/E ratio of 60.71 and a beta of 1.02. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.10 and a current ratio of 0.10.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $0.84 EPS for the quarter, topping the consensus estimate of $0.83 by $0.01. The company had revenue of $88.11 million during 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 firm's revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.16 EPS. As a group, equities 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 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 of this dividend 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 payout ratio is currently 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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