Kestra Investment Management LLC Has $515,000 Stake in LXP Industrial Trust $LXP

Key Points

• Kestra Investment Management LLC increased its position in LXP Industrial Trust shares by 186.3%, holding 59,538 shares worth approximately $515,000 at the end of the most recent quarter.
• LXP Industrial Trust reported a net margin of 24.07% and earnings of $0.16 per share, matching analyst expectations and up 2.2% year-over-year.
• The company declared a quarterly dividend of $0.135, equating to an annualized rate of $0.54 with a yield of 5.9%, despite a high dividend payout ratio of 192.86%.

Kestra Investment Management LLC boosted its position in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 186.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,538 shares of the real estate investment trust's stock after acquiring an additional 38,743 shares during the period. Kestra Investment Management LLC's holdings in LXP Industrial Trust were worth $515,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LXP. Algert Global LLC lifted its position in LXP Industrial Trust by 90.1% during the 4th quarter. Algert Global LLC now owns 56,335 shares of the real estate investment trust's stock worth $457,000 after acquiring an additional 26,699 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of LXP Industrial Trust by 1.7% in the fourth quarter. Ameriprise Financial Inc. now owns 1,970,739 shares of the real estate investment trust's stock valued at $14,989,000 after buying an additional 32,522 shares during the period. Captrust Financial Advisors bought a new stake in shares of LXP Industrial Trust in the fourth quarter valued at about $198,000. Cetera Investment Advisers lifted its stake in shares of LXP Industrial Trust by 15.6% in the fourth quarter. Cetera Investment Advisers now owns 30,066 shares of the real estate investment trust's stock valued at $244,000 after buying an additional 4,057 shares during the period. Finally, Deutsche Bank AG lifted its stake in shares of LXP Industrial Trust by 16.6% in the fourth quarter. Deutsche Bank AG now owns 519,488 shares of the real estate investment trust's stock valued at $4,218,000 after buying an additional 73,892 shares during the period. Institutional investors and hedge funds own 93.52% of the company's stock.

LXP Industrial Trust Stock Performance

NYSE:LXP opened at $9.11 on Tuesday. LXP Industrial Trust has a 12-month low of $6.85 and a 12-month high of $10.32. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $2.69 billion, a PE ratio of 32.52 and a beta of 1.06. The firm has a 50-day moving average price of $8.42 and a 200 day moving average price of $8.41.

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

LXP Industrial Trust Announces Dividend

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

Wall Street Analyst Weigh In

Separately, Wolfe Research assumed coverage on shares of LXP Industrial Trust in a research note on Friday, August 22nd. They issued an "outperform" rating and a $10.00 target price for the company. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, LXP Industrial Trust currently has an average rating of "Moderate Buy" and a consensus target price of $10.33.

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.

Want to see what other hedge funds are holding LXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LXP Industrial Trust (NYSE:LXP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.