Hsbc Holdings PLC Purchases 43,502 Shares of LXP Industrial Trust $LXP

Key Points

• HSBC Holdings increased its LXP Industrial Trust stake by 40.4% in the second quarter, acquiring 43,502 shares for a total holding of 151,067 shares valued at approximately $8.15 million. Institutional investors collectively own 93.52% of LXP.
• LXP reported quarterly EPS of $0.84, exceeding the $0.83 consensus estimate, while revenue reached $88.11 million versus expectations of $85.37 million. Analysts project full-year EPS of $3.35.
• LXP pays a quarterly dividend of $0.70 per share, equivalent to a 4.6% annualized yield. Despite the dividend, analyst sentiment remains cautious, with an average “Hold” rating and a $57.40 target price compared with the stock’s $60.78 opening price.

Hsbc Holdings PLC lifted its position in LXP Industrial Trust (NYSE:LXP - Free Report) by 40.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 151,067 shares of the real estate investment trust's stock after purchasing an additional 43,502 shares during the period. Hsbc Holdings PLC owned about 0.26% of LXP Industrial Trust worth $8,147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Public Employees Retirement System of Ohio purchased a new position in shares of LXP Industrial Trust during the 2nd quarter valued at $5,690,000. Corient Private Wealth LP bought a new position in LXP Industrial Trust in the 2nd quarter worth $272,000. Bank of America Corp DE purchased a new stake in LXP Industrial Trust in the 2nd quarter worth $21,872,000. Freestone Grove Partners LP bought a new stake in LXP Industrial Trust during the second quarter valued at about $271,000. Finally, Jupiter Topco LLC bought a new stake in LXP Industrial Trust during the second quarter valued at about $1,446,000. 93.52% of the stock is currently owned by institutional investors.

LXP Industrial Trust Stock Up 0.0%

LXP opened at $60.78 on Thursday. The company has a market capitalization of $3.58 billion, a PE ratio of 60.78 and a beta of 1.02. The firm has a 50-day simple moving average of $59.59 and a two-hundred day simple moving average of $53.61. 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 52 week low of $43.97 and a 52 week high of $61.61.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last issued its earnings results on Wednesday, July 29th. The real estate investment trust reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.01. The firm had revenue of $88.11 million for the quarter, compared to analysts' expectations of $85.37 million. LXP Industrial Trust had a return on equity of 3.37% and a net margin of 18.66%.The business's revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.16 earnings per share. Analysts forecast that LXP Industrial Trust will post 3.35 earnings per share for the current fiscal year.

LXP Industrial Trust Dividend Announcement

The company also recently disclosed 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 of this dividend was Tuesday, June 30th. LXP Industrial Trust's dividend payout ratio is 280.00%.

Analyst Ratings Changes

A number of research firms have recently weighed in on LXP. Wall Street Zen lowered LXP Industrial Trust from a "hold" rating to a "sell" rating in a research note on Sunday, July 12th. Raymond James Financial began coverage on LXP Industrial Trust in a research note on Wednesday, June 17th. They set a "market perform" rating on the stock. Jefferies Financial Group cut LXP Industrial Trust from a "buy" rating to a "hold" rating and lowered their price target for the stock from $62.00 to $61.00 in a report on Thursday, August 6th. KeyCorp restated a "sector weight" rating on shares of LXP Industrial Trust in a research note on Tuesday, June 9th. Finally, Weiss Ratings raised shares of LXP Industrial Trust from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, June 15th. Two research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, LXP Industrial Trust presently has an average rating of "Hold" and an average target price of $57.40.

LXP Industrial Trust Company 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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