LXP Industrial Trust $LXP Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

Key Points

• UBS Asset Management increased its LXP Industrial Trust stake by 36,383.3% in the second quarter, reaching 434,516 shares valued at approximately $23.4 million. Institutional investors collectively owned 93.52% of the company.
• Analyst sentiment remained cautious, with two Buy ratings and seven Holds; the consensus rating was Hold with a $57.40 price target. Jefferies downgraded the stock to Hold and reduced its target to $61.
• LXP reported quarterly EPS of $0.84, slightly above estimates, while revenue reached $88.11 million. The REIT also declared a quarterly dividend of $0.70 per share, equal to a 4.6% annualized yield.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 36,383.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 434,516 shares of the real estate investment trust's stock after acquiring an additional 433,325 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.74% of LXP Industrial Trust worth $23,412,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Balyasny Asset Management L.P. boosted its position in shares of LXP Industrial Trust by 269.0% during the 2nd quarter. Balyasny Asset Management L.P. now owns 6,432,356 shares of the real estate investment trust's stock worth $53,131,000 after purchasing an additional 4,688,972 shares during the period. Qube Research & Technologies Ltd lifted its stake in LXP Industrial Trust by 359.3% during the second quarter. Qube Research & Technologies Ltd now owns 1,918,740 shares of the real estate investment trust's stock worth $15,849,000 after purchasing an additional 1,501,010 shares in the last quarter. Norges Bank acquired a new position in LXP Industrial Trust during the fourth quarter worth $59,953,000. Jane Street Group LLC boosted its position in shares of LXP Industrial Trust by 6,092.1% during the first quarter. Jane Street Group LLC now owns 948,134 shares of the real estate investment trust's stock worth $8,201,000 after buying an additional 932,822 shares during the period. Finally, UBS Group AG grew its stake in shares of LXP Industrial Trust by 59.2% in the third quarter. UBS Group AG now owns 2,452,515 shares of the real estate investment trust's stock valued at $21,975,000 after buying an additional 911,566 shares in the last quarter. 93.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on LXP. KeyCorp restated a "sector weight" rating on shares of LXP Industrial Trust in a report on Tuesday, June 9th. Jefferies Financial Group cut shares of LXP Industrial Trust from a "buy" rating to a "hold" rating and dropped their price objective for the company from $62.00 to $61.00 in a report on Thursday, August 6th. Weiss Ratings upgraded shares of LXP Industrial Trust from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, June 15th. Raymond James Financial assumed coverage on shares of LXP Industrial Trust in a research report on Wednesday, June 17th. They issued a "market perform" rating for the company. Finally, Citigroup restated an "outperform" rating on shares of LXP Industrial Trust in a research note on Thursday, July 16th. Two 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 currently has an average rating of "Hold" and a consensus target price of $57.40.

LXP Industrial Trust Stock Up 0.1%

LXP opened at $60.80 on Friday. The business's 50-day simple moving average is $59.22 and its 200-day simple moving average is $53.30. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.10 and a current ratio of 0.10. LXP Industrial Trust has a one year low of $43.97 and a one year high of $61.61. The stock has a market capitalization of $3.58 billion, a P/E ratio of 60.80 and a beta of 1.02.

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

LXP Industrial Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend 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 is 280.00%.

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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