LXP Industrial Trust $LXP Holdings Lifted by Quantinno Capital Management LP

Key Points

• Quantinno Capital Management increased its LXP Industrial Trust holdings by 128.1% in the first quarter, reaching 41,933 shares valued at approximately $1.94 million. Institutional investors and hedge funds collectively own 93.52% of the stock.
• LXP shares opened at $60.67, near their 12-month high of $61.61, and have risen above their 50-day and 200-day moving averages. The REIT recently paid a quarterly dividend of $0.70 per share, representing a 4.6% annualized yield.
• Analyst sentiment remains mixed, with three Buy ratings and seven Holds; the consensus rating is Hold and the average price target is $56.17. BMO Capital Markets initiated coverage with an Outperform rating and a $65 target.

Quantinno Capital Management LP increased its holdings in LXP Industrial Trust (NYSE:LXP - Free Report) by 128.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,933 shares of the real estate investment trust's stock after acquiring an additional 23,550 shares during the period. Quantinno Capital Management LP owned about 0.07% of LXP Industrial Trust worth $1,940,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new position in LXP Industrial Trust during the 3rd quarter valued at about $26,000. EverSource Wealth Advisors LLC lifted its position in shares of LXP Industrial Trust by 101.7% in the second quarter. EverSource Wealth Advisors LLC now owns 3,481 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 1,755 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of LXP Industrial Trust by 82.0% during the second quarter. Geneos Wealth Management Inc. now owns 3,623 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 1,632 shares during the period. EQ Wealth Advisors LLC acquired a new stake in shares of LXP Industrial Trust during the fourth quarter worth approximately $34,000. Finally, IFP Advisors Inc grew its position in LXP Industrial Trust by 63.8% during the fourth quarter. IFP Advisors Inc now owns 837 shares of the real estate investment trust's stock valued at $41,000 after purchasing an additional 326 shares in the last quarter. 93.52% of the stock is currently owned by institutional investors and hedge funds.

LXP Industrial Trust Price Performance

NYSE LXP opened at $60.67 on Wednesday. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $3.58 billion, a PE ratio of 60.67 and a beta of 1.02. The company has a 50 day moving average price of $56.42 and a two-hundred day moving average price of $51.93. LXP Industrial Trust has a 12-month low of $39.95 and a 12-month high of $61.61.

LXP Industrial Trust Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on LXP shares. Citizens Jmp lowered shares of LXP Industrial Trust from a "market outperform" rating to a "hold" rating in a research note on Tuesday, July 21st. KeyCorp restated a "sector weight" rating on shares of LXP Industrial Trust in a report on Tuesday, June 9th. BMO Capital Markets began coverage on shares of LXP Industrial Trust in a research note on Thursday, July 9th. They issued an "outperform" rating and a $65.00 price target on the stock. Citigroup reissued an "outperform" rating on shares of LXP Industrial Trust in a research report on Thursday, July 16th. Finally, Weiss Ratings upgraded LXP Industrial Trust from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, June 15th. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $56.17.

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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