Ieq Capital LLC Has $415,000 Holdings in LXP Industrial Trust $LXP

Key Points

• Ieq Capital LLC increased its stake in LXP Industrial Trust by 144.4% during the 1st quarter, holding 47,971 shares valued at $415,000.
• LXP Industrial Trust reported earnings of $0.16 per share for the last quarter, matching analyst expectations, with revenue of $86.74 million, slightly below estimates.
• The company announced a quarterly dividend of $0.135 per share, providing an annualized yield of 5.9%, though its payout ratio currently stands at 192.86%.

Ieq Capital LLC increased its holdings in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 144.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,971 shares of the real estate investment trust's stock after acquiring an additional 28,339 shares during the quarter. Ieq Capital LLC's holdings in LXP Industrial Trust were worth $415,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of LXP. EQ Wealth Advisors LLC bought a new position in LXP Industrial Trust during the 1st quarter worth $30,000. GF Fund Management CO. LTD. bought a new position in LXP Industrial Trust during the 4th quarter worth $43,000. Headlands Technologies LLC bought a new position in LXP Industrial Trust during the 1st quarter worth $46,000. Brooklyn Investment Group grew its stake in 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 buying an additional 4,023 shares during the last quarter. Finally, Signaturefd LLC grew its stake in LXP Industrial Trust by 678.3% during the 1st quarter. Signaturefd LLC now owns 6,281 shares of the real estate investment trust's stock worth $54,000 after buying an additional 5,474 shares during the last quarter. Institutional investors and hedge funds own 93.52% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wolfe Research initiated coverage on shares of LXP Industrial Trust in a research note on Friday, August 22nd. They issued an "outperform" rating and a $10.00 price target on the stock. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, LXP Industrial Trust currently has a consensus rating of "Moderate Buy" and a consensus target price of $10.33.

LXP Industrial Trust Price Performance

Shares of NYSE LXP traded up $0.05 during mid-day trading on Friday, reaching $9.15. 1,836,315 shares of the company traded hands, compared to its average volume of 3,150,012. LXP Industrial Trust has a fifty-two week low of $6.85 and a fifty-two week high of $10.32. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.13 and a quick ratio of 0.13. The firm has a market cap of $2.70 billion, a PE ratio of 32.66 and a beta of 1.06. The stock has a fifty day simple moving average of $8.40 and a 200-day simple moving average of $8.41.

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

LXP Industrial Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a dividend of $0.135 per share. 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 payout ratio is presently 192.86%.

LXP Industrial Trust Profile

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.