Intech Investment Management LLC Sells 30,021 Shares of 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 its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 about 0.07% of LXP Industrial Trust worth $1,919,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in LXP. Signaturefd LLC raised its stake in LXP Industrial Trust by 678.3% during the 1st quarter. Signaturefd LLC now owns 6,281 shares of the real estate investment trust's stock valued at $54,000 after purchasing an additional 5,474 shares during the last quarter. Principal Financial Group Inc. increased its holdings in LXP Industrial Trust by 3.1% in the 1st quarter. Principal Financial Group Inc. now owns 1,472,285 shares of the real estate investment trust's stock valued at $12,735,000 after buying an additional 44,233 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in LXP Industrial Trust by 33.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 27,319 shares of the real estate investment trust's stock valued at $236,000 after buying an additional 6,800 shares during the period. Teacher Retirement System of Texas increased its holdings in LXP Industrial Trust by 102.0% in the 1st quarter. Teacher Retirement System of Texas now owns 135,450 shares of the real estate investment trust's stock valued at $1,172,000 after buying an additional 68,399 shares during the period. Finally, Neo Ivy Capital Management bought a new stake in LXP Industrial Trust in the 4th quarter valued at $1,199,000. 93.52% of the stock is currently owned by institutional investors and hedge funds.

LXP Industrial Trust Trading Down 1.0%

Shares of LXP stock traded down $0.10 on Friday, reaching $9.22. The company had a trading volume of 2,363,178 shares, compared to its average volume of 2,933,164. 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 stock has a market cap of $2.73 billion, a PE ratio of 32.88 and a beta of 1.06. The company has a 50-day moving average of $8.54 and a 200-day moving average of $8.44. LXP Industrial Trust has a 12 month low of $6.85 and a 12 month high of $10.29.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.16 EPS for the quarter, meeting analysts' consensus estimates of $0.16. The company 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%.LXP Industrial Trust's revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.16 EPS. LXP Industrial Trust has set its FY 2025 guidance at 0.620-0.640 EPS. On average, equities analysts forecast that LXP Industrial Trust will post 0.63 earnings per share 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. Investors of record on Tuesday, September 30th will be paid a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend is Tuesday, September 30th. LXP Industrial Trust's dividend payout ratio is presently 192.86%.

Analysts Set New Price Targets

Separately, Wolfe Research initiated coverage on shares of LXP Industrial Trust in a report on Friday, August 22nd. They issued an "outperform" rating and a $10.00 price target on the stock. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, LXP Industrial Trust has an average rating of "Moderate Buy" and a consensus target price 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.