Jupiter Topco LLC Invests $1.45 Million in LXP Industrial Trust $LXP

Key Points

• Jupiter Topco LLC acquired a new $1.45 million stake in LXP Industrial Trust during the second quarter, while institutional ownership reached 93.52%.
• LXP reported quarterly EPS of $0.84, exceeding estimates of $0.83, with revenue of $88.11 million also above expectations. The company declared a $0.70 quarterly dividend, representing a 4.6% annualized yield.
• LXP shares opened at $60.80, near their 12-month high, but analyst sentiment remained cautious: the consensus rating was “Hold” with an average price target of $57.40.

Jupiter Topco LLC purchased a new stake in LXP Industrial Trust (NYSE:LXP - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 26,868 shares of the real estate investment trust's stock, valued at approximately $1,446,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Hsbc Holdings PLC bought a new position in LXP Industrial Trust in the 2nd quarter worth about $8,147,000. Legal & General Group Plc bought a new stake in shares of LXP Industrial Trust during the second quarter valued at about $20,783,000. William Blair Investment Management LLC purchased a new stake in shares of LXP Industrial Trust in the second quarter worth about $26,535,000. Ieq Capital LLC purchased a new stake in shares of LXP Industrial Trust in the second quarter worth about $748,000. Finally, Heartland Advisors Inc. bought a new position in shares of LXP Industrial Trust in the second quarter valued at approximately $19,577,000. 93.52% of the stock is currently owned by institutional investors.

LXP Industrial Trust Trading Up 0.1%

NYSE:LXP opened at $60.80 on Friday. The company has a 50-day moving average price of $59.22 and a 200-day moving average price of $53.30. LXP Industrial Trust has a 12 month low of $43.97 and a 12 month high of $61.61. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.19. The stock has a market cap of $3.58 billion, a price-to-earnings ratio of 60.80 and a beta of 1.02.

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

LXP Industrial Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Tuesday, June 30th. LXP Industrial Trust's dividend payout ratio (DPR) is 280.00%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LXP. 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. Citigroup reaffirmed an "outperform" rating on shares of LXP Industrial Trust in a report on Thursday, July 16th. Raymond James Financial assumed coverage on LXP Industrial Trust in a research note on Wednesday, June 17th. They set a "market perform" rating for the company. Wall Street Zen lowered LXP Industrial Trust from a "hold" rating to a "sell" rating in a research note on Sunday, July 12th. Finally, Citizens Jmp cut LXP Industrial Trust from a "market outperform" rating to a "hold" rating in a report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, LXP Industrial Trust currently has a consensus rating of "Hold" and an average target price of $57.40.

LXP Industrial Trust 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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