LXP Industrial Trust $LXP Stock Position Raised by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in LXP Industrial Trust by 9.0% in Q1, owning approximately 1.7 million shares valued at $14.92 million.
• LXP Industrial Trust reported earnings of $0.16 per share, meeting expectations, with revenue of $86.74 million, which was slightly below the forecast.
• Analysts rate LXP with a consensus of "Moderate Buy" and a price target of $10.33, reflecting optimism for the stock's performance.

Invesco Ltd. lifted its holdings in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 9.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,724,905 shares of the real estate investment trust's stock after acquiring an additional 143,010 shares during the quarter. Invesco Ltd. owned about 0.58% of LXP Industrial Trust worth $14,920,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of LXP Industrial Trust by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 46,064,359 shares of the real estate investment trust's stock valued at $398,457,000 after acquiring an additional 214,696 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of LXP Industrial Trust by 7.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,738,916 shares of the real estate investment trust's stock valued at $49,642,000 after acquiring an additional 407,059 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of LXP Industrial Trust by 55.9% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,836,743 shares of the real estate investment trust's stock valued at $41,838,000 after acquiring an additional 1,733,329 shares in the last quarter. Frontier Capital Management Co. LLC lifted its holdings in shares of LXP Industrial Trust by 9.5% during the 4th quarter. Frontier Capital Management Co. LLC now owns 4,654,081 shares of the real estate investment trust's stock valued at $37,791,000 after acquiring an additional 403,301 shares in the last quarter. Finally, Centersquare Investment Management LLC lifted its holdings in shares of LXP Industrial Trust by 1,103.9% during the 1st quarter. Centersquare Investment Management LLC now owns 4,271,470 shares of the real estate investment trust's stock valued at $36,948,000 after acquiring an additional 3,916,670 shares in the last quarter. Institutional investors and hedge funds own 93.52% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on LXP. JMP Securities reaffirmed a "market perform" rating on shares of LXP Industrial Trust in a research note on Monday, May 5th. Wolfe Research began coverage on shares of LXP Industrial Trust in a research note on Friday, August 22nd. They set an "outperform" rating and a $10.00 price target on the stock. Finally, KeyCorp dropped their price target on shares of LXP Industrial Trust from $11.00 to $10.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, LXP Industrial Trust has a consensus rating of "Moderate Buy" and a consensus target price of $10.33.

LXP Industrial Trust Stock Down 0.1%

Shares of LXP traded down $0.01 during midday trading on Thursday, hitting $9.09. The company had a trading volume of 2,562,293 shares, compared to its average volume of 3,699,220. The company's 50 day moving average price is $8.35 and its 200 day moving average price is $8.39. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 32.45 and a beta of 1.01. LXP Industrial Trust has a 52 week low of $6.85 and a 52 week high of $10.44. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.18.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last released its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. The company had revenue of $86.74 million during the quarter, compared to the consensus estimate of $87.25 million. LXP Industrial Trust had a net margin of 24.07% and a return on equity of 4.34%. The company's revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.16 EPS. LXP Industrial Trust has set its FY 2025 guidance at 0.620-0.640 EPS. On average, equities research analysts predict that LXP Industrial Trust will post 0.63 EPS for the current year.

LXP Industrial Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a $0.135 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.54 annualized dividend and a dividend yield of 5.9%. LXP Industrial Trust's payout ratio is presently 192.86%.

LXP Industrial Trust Company 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.