Charles Schwab Investment Management Inc. Has $49.64 Million Holdings in LXP Industrial Trust $LXP

Key Points

• Charles Schwab Investment Management Inc. increased its stake in LXP Industrial Trust by 7.6%, owning 5,738,916 shares worth approximately $49.6 million after purchasing an additional 407,059 shares.
• LXP Industrial Trust reported earnings of $0.16 per share for the last quarter, matching analysts' expectations, and its revenue rose 2.2% year-over-year to $86.74 million.
• The company declared a quarterly dividend of $0.135, translating to an annualized dividend of $0.54 with a yield of 6.6%, although its dividend payout ratio is currently at an elevated 192.86%.

Charles Schwab Investment Management Inc. grew its holdings in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 7.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,738,916 shares of the real estate investment trust's stock after purchasing an additional 407,059 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.94% of LXP Industrial Trust worth $49,642,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of LXP. LPL Financial LLC increased its holdings in shares of LXP Industrial Trust by 16.5% during the fourth quarter. LPL Financial LLC now owns 97,101 shares of the real estate investment trust's stock valued at $788,000 after purchasing an additional 13,758 shares during the period. Envestnet Asset Management Inc. grew its holdings in LXP Industrial Trust by 21.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 68,937 shares of the real estate investment trust's stock worth $560,000 after acquiring an additional 12,225 shares during the period. Bank of Montreal Can grew its holdings in LXP Industrial Trust by 16.4% during the fourth quarter. Bank of Montreal Can now owns 37,386 shares of the real estate investment trust's stock worth $304,000 after acquiring an additional 5,277 shares during the period. Invesco Ltd. grew its holdings in LXP Industrial Trust by 4.2% during the fourth quarter. Invesco Ltd. now owns 1,581,895 shares of the real estate investment trust's stock worth $12,845,000 after acquiring an additional 64,299 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in LXP Industrial Trust during the fourth quarter worth about $359,000. 93.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on LXP. KeyCorp lowered their target price on LXP Industrial Trust from $11.00 to $10.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. JMP Securities reiterated a "market perform" rating on shares of LXP Industrial Trust in a research report on Monday, May 5th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, LXP Industrial Trust has a consensus rating of "Hold" and a consensus target price of $10.50.

LXP Industrial Trust Trading Down 1.6%

Shares of NYSE:LXP traded down $0.1350 during midday trading on Thursday, reaching $8.5650. The company had a trading volume of 3,020,263 shares, compared to its average volume of 3,641,563. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.13 and a current ratio of 0.13. LXP Industrial Trust has a 1-year low of $6.85 and a 1-year high of $10.44. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of 30.59 and a beta of 1.01. The company has a fifty day simple moving average of $8.31 and a two-hundred day simple moving average of $8.37.

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

LXP Industrial Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a dividend of $0.135 per share. The ex-dividend date was Monday, June 30th. This represents a $0.54 dividend on an annualized basis and a yield of 6.3%. LXP Industrial Trust's dividend payout ratio (DPR) 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.