Ieq Capital LLC Increases 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 boosted its stake in LXP Industrial Trust (NYSE:LXP - Free Report) by 144.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,971 shares of the real estate investment trust's stock after purchasing an additional 28,339 shares during the quarter. Ieq Capital LLC's holdings in LXP Industrial Trust were worth $415,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in LXP Industrial Trust by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 46,064,359 shares of the real estate investment trust's stock worth $398,457,000 after purchasing an additional 214,696 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in LXP Industrial Trust by 7.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,738,916 shares of the real estate investment trust's stock worth $49,642,000 after purchasing an additional 407,059 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in LXP Industrial Trust by 55.9% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,836,743 shares of the real estate investment trust's stock worth $41,838,000 after purchasing an additional 1,733,329 shares during the period. Frontier Capital Management Co. LLC boosted its stake in LXP Industrial Trust by 9.5% in the 4th quarter. Frontier Capital Management Co. LLC now owns 4,654,081 shares of the real estate investment trust's stock worth $37,791,000 after purchasing an additional 403,301 shares during the period. Finally, Centersquare Investment Management LLC boosted its stake in LXP Industrial Trust by 1,103.9% in the 1st quarter. Centersquare Investment Management LLC now owns 4,271,470 shares of the real estate investment trust's stock worth $36,948,000 after purchasing an additional 3,916,670 shares during the period. Institutional investors own 93.52% of the company's stock.

Wall Street Analysts Forecast Growth

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

LXP Industrial Trust Price Performance

Shares of LXP traded down $0.03 during trading hours on Wednesday, reaching $9.04. 1,829,231 shares of the company's stock traded hands, compared to its average volume of 2,984,921. The stock has a market cap of $2.67 billion, a PE ratio of 32.27 and a beta of 1.06. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.18. The firm's 50 day simple moving average is $8.44 and its 200-day simple moving average is $8.42. LXP Industrial Trust has a 12 month low of $6.85 and a 12 month high of $10.32.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.16. The firm had revenue of $86.74 million during the quarter, compared to the consensus estimate 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 for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the company posted $0.16 EPS. LXP Industrial Trust has set its FY 2025 guidance at 0.620-0.640 EPS. Equities analysts expect that LXP Industrial Trust will post 0.63 EPS for the current year.

LXP Industrial Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend was Monday, June 30th. LXP Industrial Trust's dividend payout ratio (DPR) is currently 192.86%.

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.