LXP Industrial Trust $LXP Shares Purchased by Amundi

Key Points

• Amundi increased its LXP Industrial Trust stake by 46.9% in the first quarter to 61,734 shares, while institutional investors collectively owned 93.52% of the REIT.
• LXP shares opened at $60.55, near their one-year high of $61.61. The company pays a quarterly dividend of $0.70, equivalent to a 4.6% annualized yield, though its payout ratio is high at 280%.
• Analyst sentiment remains cautious: LXP has an average “Hold” rating and a consensus price target of $56.17, despite BMO Capital Markets assigning an “Outperform” rating and a $65 target.

Amundi boosted its stake in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 46.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 61,734 shares of the real estate investment trust's stock after acquiring an additional 19,713 shares during the period. Amundi owned about 0.10% of LXP Industrial Trust worth $2,856,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LXP. Heartland Advisors Inc. purchased a new stake in LXP Industrial Trust during the 1st quarter worth approximately $10,705,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of LXP Industrial Trust by 3.2% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,159,623 shares of the real estate investment trust's stock worth $53,644,000 after acquiring an additional 36,043 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of LXP Industrial Trust by 31.1% during the first quarter. Principal Financial Group Inc. now owns 369,658 shares of the real estate investment trust's stock worth $17,100,000 after purchasing an additional 87,741 shares in the last quarter. Eurizon Capital SGR S.p.A. purchased a new stake in shares of LXP Industrial Trust during the fourth quarter worth approximately $1,169,000. Finally, Lasalle Investment Management Securities LLC raised its stake in LXP Industrial Trust by 6.9% in the 1st quarter. Lasalle Investment Management Securities LLC now owns 1,828,528 shares of the real estate investment trust's stock valued at $84,588,000 after purchasing an additional 117,737 shares during the last quarter. 93.52% of the stock is owned by hedge funds and other institutional investors.

LXP Industrial Trust Stock Down 0.1%

LXP stock opened at $60.55 on Friday. LXP Industrial Trust has a one year low of $39.32 and a one year high of $61.61. The firm has a market cap of $3.57 billion, a PE ratio of 60.55 and a beta of 1.02. The firm's 50 day moving average price is $55.82 and its 200-day moving average price is $51.72. 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 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 paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Tuesday, June 30th. LXP Industrial Trust's dividend payout ratio is 280.00%.

Analysts Set New Price Targets

LXP has been the topic of several recent research reports. Jefferies Financial Group cut shares of LXP Industrial Trust from a "buy" rating to a "hold" rating and lowered their target price for the stock from $62.00 to $61.00 in a research note on Thursday. BMO Capital Markets assumed coverage on shares of LXP Industrial Trust in a research report on Thursday, July 9th. They issued an "outperform" rating and a $65.00 target price for the company. Citigroup reissued an "outperform" rating on shares of LXP Industrial Trust in a research note on Thursday, July 16th. Citizens Jmp lowered shares of LXP Industrial Trust from a "market outperform" rating to a "hold" rating in a research report on Tuesday, July 21st. Finally, Weiss Ratings raised shares of LXP Industrial Trust from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, June 15th. Three analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, LXP Industrial Trust presently has an average rating of "Hold" and a consensus target price of $56.17.

LXP Industrial Trust Company 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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