Quantbot Technologies LP Takes $503,000 Position in LXP Industrial Trust $LXP

Key Points

• Quantbot Technologies LP has invested approximately $503,000 in LXP Industrial Trust by purchasing 58,138 shares, signifying increased institutional interest in the stock.
• LXP Industrial Trust reported $0.16 EPS for the last quarter, meeting consensus estimates, with a revenue of $86.74 million, slightly below expectations.
• The company recently declared a quarterly dividend of $0.135, resulting in an annualized yield of 6.1%, although it has a high dividend payout ratio of 192.86%.

Quantbot Technologies LP bought a new position in shares of LXP Industrial Trust (NYSE:LXP - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 58,138 shares of the real estate investment trust's stock, valued at approximately $503,000.

Other large investors have also recently made changes to their positions in the company. EQ Wealth Advisors LLC purchased a new stake in shares of LXP Industrial Trust during the first quarter worth approximately $30,000. Headlands Technologies LLC purchased a new stake in shares of LXP Industrial Trust during the first quarter worth approximately $46,000. GF Fund Management CO. LTD. purchased a new stake in shares of LXP Industrial Trust during the fourth quarter worth approximately $43,000. Brooklyn Investment Group increased 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 buying an additional 4,023 shares during the period. Finally, Signaturefd LLC increased 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 buying an additional 5,474 shares during the period. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LXP has been the topic of a number of recent research reports. KeyCorp cut their target price 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. Wolfe Research initiated 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 on the stock. Finally, JMP Securities restated a "market perform" rating on shares of LXP Industrial Trust in a research note on Monday, May 5th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $10.33.

LXP Industrial Trust Stock Up 0.1%

LXP Industrial Trust stock traded up $0.01 during mid-day trading on Friday, hitting $9.09. The company had a trading volume of 2,179,826 shares, compared to its average volume of 2,955,090. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 32.45 and a beta of 1.01. LXP Industrial Trust has a 1 year low of $6.85 and a 1 year high of $10.44. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.18. The business has a fifty day moving average of $8.35 and a 200 day moving average of $8.39.

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

LXP Industrial Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 5.9%. The ex-dividend date of this dividend was Monday, June 30th. LXP Industrial Trust's dividend 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.