QSV Equity Investors LLC Purchases New Shares in LXP Industrial Trust $LXP

Key Points

• QSV Equity Investors LLC has acquired a new stake in LXP Industrial Trust, purchasing 174,912 shares valued at approximately $1,513,000, which constitutes about 1.6% of its investment portfolio.
• Multiple institutional investors have also increased their holdings in LXP Industrial Trust, with notable raises by LPL Financial LLC (16.5%) and Envestnet Asset Management Inc. (21.6%) in the fourth quarter.
• LXP Industrial Trust recently announced a quarterly dividend of $0.135 per share, yielding approximately 6.6%, despite having a high payout ratio of 192.86%.

QSV Equity Investors LLC bought a new stake in shares of LXP Industrial Trust (NYSE:LXP - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 174,912 shares of the real estate investment trust's stock, valued at approximately $1,513,000. LXP Industrial Trust comprises 1.6% of QSV Equity Investors LLC's investment portfolio, making the stock its 27th biggest position. QSV Equity Investors LLC owned 0.06% of LXP Industrial Trust as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of LXP. EQ Wealth Advisors LLC bought a new stake in LXP Industrial Trust during the first quarter valued at approximately $30,000. GF Fund Management CO. LTD. purchased a new position in shares of LXP Industrial Trust during the fourth quarter worth approximately $43,000. Headlands Technologies LLC purchased a new position in shares of LXP Industrial Trust during the first quarter worth approximately $46,000. Brooklyn Investment Group raised its stake in shares of LXP Industrial Trust by 276.3% during the first quarter. Brooklyn Investment Group now owns 5,479 shares of the real estate investment trust's stock worth $47,000 after acquiring an additional 4,023 shares in the last quarter. Finally, Signaturefd LLC raised its stake in shares of LXP Industrial Trust by 678.3% during the first quarter. Signaturefd LLC now owns 6,281 shares of the real estate investment trust's stock worth $54,000 after acquiring an additional 5,474 shares in the last quarter. 93.52% of the stock is currently owned by institutional investors.

LXP Industrial Trust Trading Up 2.6%

Shares of LXP Industrial Trust stock traded up $0.2250 on Friday, hitting $8.7950. The stock had a trading volume of 3,957,019 shares, compared to its average volume of 3,655,207. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.18. LXP Industrial Trust has a one year low of $6.85 and a one year high of $10.44. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of 31.41 and a beta of 1.01. The stock's 50-day simple moving average is $8.32 and its two-hundred day simple moving average is $8.37.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last issued its earnings results 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. LXP Industrial Trust had a net margin of 24.07% and a return on equity of 4.34%. The firm had revenue of $86.74 million for the quarter, compared to analysts' expectations of $87.25 million. During the same quarter last year, the business earned $0.16 earnings per share. The business's revenue 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. As a group, sell-side analysts predict that LXP Industrial Trust will post 0.63 EPS for the current year.

LXP Industrial Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a $0.135 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.54 annualized dividend and a dividend yield of 6.1%. LXP Industrial Trust's dividend payout ratio (DPR) is currently 192.86%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. JMP Securities reissued a "market perform" rating on shares of LXP Industrial Trust in a research note on Monday, May 5th. Wolfe Research assumed coverage on shares of LXP Industrial Trust in a research note on Friday. They set an "outperform" rating and a $10.00 price target on the stock. Finally, KeyCorp decreased their price target on shares of LXP Industrial Trust from $11.00 to $10.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $10.33.

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.