Intech Investment Management LLC Decreases Position in LXP Industrial Trust $LXP

Key Points

• Intech Investment Management LLC reduced its stake in LXP Industrial Trust by 11.9% during the first quarter, now holding approximately 0.07% of the company valued at $1.9 million.
• Other institutional investors such as Centersquare Investment Management LLC and Jane Street Group LLC significantly increased their stakes, with Centersquare boosting holdings by 1,103.9%.
• LXP Industrial Trust will pay a quarterly dividend of $0.135 per share on October 15th, representing an annualized dividend of $0.54 and a yield of 5.9%.

Intech Investment Management LLC cut its holdings in LXP Industrial Trust (NYSE:LXP - Free Report) by 11.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 221,794 shares of the real estate investment trust's stock after selling 30,021 shares during the quarter. Intech Investment Management LLC owned approximately 0.07% of LXP Industrial Trust worth $1,919,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Captrust Financial Advisors bought a new position in LXP Industrial Trust in the fourth quarter worth about $198,000. Cetera Investment Advisers raised its holdings in 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 worth $244,000 after purchasing an additional 4,057 shares in the last quarter. Deutsche Bank AG raised its holdings in 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 worth $4,218,000 after purchasing an additional 73,892 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in LXP Industrial Trust by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 165,404 shares of the real estate investment trust's stock worth $1,343,000 after purchasing an additional 6,268 shares in the last quarter. Finally, Quantinno Capital Management LP bought a new position in LXP Industrial Trust in the fourth quarter worth about $171,000. 93.52% of the stock is owned by hedge funds and other institutional investors.

LXP Industrial Trust Stock Down 0.9%

LXP stock traded down $0.08 during trading on Friday, hitting $9.23. 6,718,165 shares of the company's stock were exchanged, compared to its average volume of 2,874,739. The business has a 50-day moving average price of $8.55 and a two-hundred day moving average price of $8.44. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 32.96 and a beta of 1.06. LXP Industrial Trust has a 52-week low of $6.85 and a 52-week high of $10.29. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.18.

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

LXP Industrial Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.135 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 5.9%. LXP Industrial Trust's dividend payout ratio (DPR) is 192.86%.

Analysts Set New Price Targets

Separately, Wolfe Research started coverage on shares of LXP Industrial Trust in a report on Friday, August 22nd. They set an "outperform" rating and a $10.00 price objective on the stock. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, LXP Industrial Trust currently has a consensus rating of "Moderate Buy" and an average price target of $10.00.

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.