LXP Industrial Trust $LXP Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC lowered its position in LXP Industrial Trust (NYSE:LXP - Free Report) by 7.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,541,020 shares of the real estate investment trust's stock after selling 292,676 shares during the period. William Blair Investment Management LLC owned about 1.20% of LXP Industrial Trust worth $29,249,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of LXP Industrial Trust by 0.5% in the first quarter. Vanguard Group Inc. now owns 46,064,359 shares of the real estate investment trust's stock worth $398,457,000 after acquiring an additional 214,696 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of LXP Industrial Trust by 7.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 5,738,916 shares of the real estate investment trust's stock worth $49,642,000 after acquiring an additional 407,059 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its position in shares of LXP Industrial Trust by 55.9% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,836,743 shares of the real estate investment trust's stock worth $41,838,000 after acquiring an additional 1,733,329 shares during the period. Centersquare Investment Management LLC raised its position in shares of LXP Industrial Trust by 1,103.9% in the first quarter. Centersquare Investment Management LLC now owns 4,271,470 shares of the real estate investment trust's stock worth $36,948,000 after acquiring an additional 3,916,670 shares during the period. Finally, Northern Trust Corp raised its position in shares of LXP Industrial Trust by 0.3% in the first quarter. Northern Trust Corp now owns 4,215,880 shares of the real estate investment trust's stock worth $36,467,000 after acquiring an additional 14,456 shares during the period. Institutional investors and hedge funds own 93.52% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on LXP. Evercore ISI boosted their target price on shares of LXP Industrial Trust from $10.00 to $11.00 and gave the stock an "in-line" rating in a research note on Monday, October 6th. Wolfe Research began coverage on shares of LXP Industrial Trust in a research note on Friday, August 22nd. They set an "outperform" rating and a $10.00 target price for the company. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of LXP Industrial Trust in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $10.33.

LXP Industrial Trust Stock Performance

LXP opened at $9.46 on Monday. The firm has a market capitalization of $2.80 billion, a PE ratio of 33.78 and a beta of 1.05. LXP Industrial Trust has a twelve month low of $6.85 and a twelve month high of $9.95. The firm's 50-day moving average price is $8.99 and its 200 day moving average price is $8.47. 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 posted its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.16 earnings per share for the quarter, hitting analysts' consensus estimates of $0.16. The firm 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%. LXP Industrial Trust's quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.16 earnings per share. LXP Industrial Trust has set its FY 2025 guidance at 0.620-0.640 EPS. As a group, sell-side analysts expect that LXP Industrial Trust will post 0.63 EPS for the current fiscal year.

LXP Industrial Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a dividend of $0.135 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.54 dividend on an annualized basis and a yield of 5.7%. LXP Industrial Trust's payout ratio is presently 192.86%.

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.

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