LXP Industrial Trust $LXP Shares Bought by Public Sector Pension Investment Board

Key Points

• The Public Sector Pension Investment Board increased its holdings in LXP Industrial Trust by 27.8% during Q1, acquiring an additional 204,069 shares, bringing its total to 937,861 shares valued at approximately $8.1 million.
• LXP Industrial Trust has announced a quarterly dividend of $0.135, representing an annualized dividend of $0.54 with a yield of 6.6%.
• The stock remains flat at $8.23, with a market capitalization of $2.43 billion and a PE ratio of 29.39.

Public Sector Pension Investment Board grew its stake in LXP Industrial Trust (NYSE:LXP - Free Report) by 27.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 937,861 shares of the real estate investment trust's stock after acquiring an additional 204,069 shares during the quarter. Public Sector Pension Investment Board owned about 0.32% of LXP Industrial Trust worth $8,112,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. EQ Wealth Advisors LLC purchased a new position in shares of LXP Industrial Trust during the 1st quarter worth $30,000. GF Fund Management CO. LTD. purchased a new position in LXP Industrial Trust during the fourth quarter worth about $43,000. Headlands Technologies LLC purchased a new position in LXP Industrial Trust during the first quarter worth about $46,000. Signaturefd LLC boosted its stake in LXP Industrial Trust by 678.3% in the 1st quarter. Signaturefd LLC now owns 6,281 shares of the real estate investment trust's stock worth $54,000 after buying an additional 5,474 shares during the last quarter. Finally, Sterling Capital Management LLC grew its holdings in LXP Industrial Trust by 805.0% in the 4th quarter. Sterling Capital Management LLC now owns 9,159 shares of the real estate investment trust's stock valued at $74,000 after buying an additional 8,147 shares during the period. Institutional investors and hedge funds own 93.52% of the company's stock.

LXP Industrial Trust Trading Up 5.1%

NYSE LXP traded up $0.4150 during mid-day trading on Tuesday, hitting $8.5550. The company's stock had a trading volume of 2,490,188 shares, compared to its average volume of 2,897,344. The firm has a market capitalization of $2.53 billion, a P/E ratio of 30.48 and a beta of 1.01. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.13 and a quick ratio of 0.13. LXP Industrial Trust has a 52-week low of $6.85 and a 52-week high of $10.44. The stock's fifty day simple moving average is $8.31 and its two-hundred day simple moving average is $8.36.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. The company had revenue of $86.74 million during 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 business's quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.16 earnings per share. LXP Industrial Trust has set its FY 2025 guidance at 0.620-0.640 EPS. Research analysts expect that LXP Industrial Trust will post 0.63 EPS for the current year.

LXP Industrial Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 6.3%. The ex-dividend date was Monday, June 30th. LXP Industrial Trust's dividend payout ratio (DPR) is presently 192.86%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on LXP shares. KeyCorp cut their price objective on shares of 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 reaffirmed a "market perform" rating on shares of LXP Industrial Trust in a research report on Monday, May 5th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, LXP Industrial Trust currently has an average rating of "Hold" and an average target price of $10.50.

LXP Industrial Trust Company Profile

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.