LXP Industrial Trust $LXP Shares Purchased by Kestra Investment Management LLC

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

A number of other hedge funds also recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd acquired a new stake in LXP Industrial Trust during the 1st quarter worth approximately $129,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in LXP Industrial Trust by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 172,981 shares of the real estate investment trust's stock worth $1,496,000 after acquiring an additional 7,577 shares during the period. Jacobs Levy Equity Management Inc. lifted its position in LXP Industrial Trust by 5.8% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 69,662 shares of the real estate investment trust's stock worth $603,000 after acquiring an additional 3,794 shares during the period. Cubist Systematic Strategies LLC lifted its position in LXP Industrial Trust by 153.3% during the 1st quarter. Cubist Systematic Strategies LLC now owns 967,450 shares of the real estate investment trust's stock worth $8,368,000 after acquiring an additional 585,528 shares during the period. Finally, Ieq Capital LLC lifted its position in LXP Industrial Trust by 144.4% during the 1st quarter. Ieq Capital LLC now owns 47,971 shares of the real estate investment trust's stock worth $415,000 after acquiring an additional 28,339 shares during the period. 93.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wolfe Research assumed coverage on LXP Industrial Trust in a report on Friday, August 22nd. They issued an "outperform" rating and a $10.00 price target for the company. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, 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 $0.04 during mid-day trading on Friday, hitting $9.21. The company's stock had a trading volume of 1,886,999 shares, compared to its average volume of 2,881,230. 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 has a 50-day simple moving average of $8.47 and a 200 day simple moving average of $8.43. The firm has a market capitalization of $2.72 billion, a P/E ratio of 32.89 and a beta of 1.06. LXP Industrial Trust has a 1-year low of $6.85 and a 1-year high of $10.32.

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 EPS for the quarter, meeting the consensus estimate of $0.16. The business had revenue of $86.74 million during the quarter, compared to analysts' expectations 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 quarterly revenue was up 2.2% compared to the same quarter last year. During the same period last year, the firm earned $0.16 EPS. LXP Industrial Trust has set its FY 2025 guidance at 0.620-0.640 EPS. Analysts predict that LXP Industrial Trust will post 0.63 EPS for the current fiscal 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. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.54 annualized dividend and a yield of 5.9%. LXP Industrial Trust's payout ratio is currently 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.