QSV Equity Investors LLC Makes New Investment 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 acquired a new stake in LXP Industrial Trust (NYSE:LXP - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 174,912 shares of the real estate investment trust's stock, valued at approximately $1,513,000. LXP Industrial Trust accounts for about 1.6% of QSV Equity Investors LLC's investment portfolio, making the stock its 27th biggest holding. QSV Equity Investors LLC owned 0.06% of LXP Industrial Trust at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LPL Financial LLC raised its holdings in LXP Industrial Trust by 16.5% in the fourth quarter. LPL Financial LLC now owns 97,101 shares of the real estate investment trust's stock valued at $788,000 after acquiring an additional 13,758 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in LXP Industrial Trust by 21.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 68,937 shares of the real estate investment trust's stock valued at $560,000 after acquiring an additional 12,225 shares in the last quarter. Bank of Montreal Can raised its holdings in LXP Industrial Trust by 16.4% in the fourth quarter. Bank of Montreal Can now owns 37,386 shares of the real estate investment trust's stock valued at $304,000 after acquiring an additional 5,277 shares in the last quarter. Invesco Ltd. raised 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 purchasing an additional 64,299 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in LXP Industrial Trust during the fourth quarter worth approximately $359,000. Hedge funds and other institutional investors own 93.52% of the company's stock.

Analyst Upgrades and Downgrades

LXP has been the topic of a number of research analyst reports. JMP Securities reissued a "market perform" rating on shares of LXP Industrial Trust in a report on Monday, May 5th. 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.

LXP Industrial Trust Price Performance

LXP stock opened at $8.23 on Monday. The company's 50 day moving average is $8.33 and its two-hundred day moving average is $8.36. The stock has a market cap of $2.43 billion, a P/E ratio of 29.39 and a beta of 1.01. LXP Industrial Trust has a twelve month low of $6.85 and a twelve month high of $10.44. 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 announced its 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. LXP Industrial Trust had a net margin of 24.07% and a return on equity of 4.34%. The business had revenue of $86.74 million for the quarter, compared to analysts' expectations of $87.25 million. During the same period in the previous year, the company posted $0.16 EPS. The company's quarterly revenue was up 2.2% on a year-over-year basis. Research analysts expect that LXP Industrial Trust will post 0.63 earnings per share for the current fiscal year.

LXP Industrial Trust Dividend Announcement

The business also recently announced 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. This represents a $0.54 annualized dividend and a dividend yield of 6.6%. The ex-dividend date was Monday, June 30th. 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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