Samalin Investment Counsel LLC Acquires 43,277 Shares of LXP Industrial Trust $LXP

Key Points

• Samalin Investment Counsel LLC increased its holdings in LXP Industrial Trust by 165.6% in Q1, acquiring an additional 43,277 shares, bringing its total to 69,403 shares valued at approximately $600,000.
• LXP Industrial Trust reported earnings per share of $0.16 for its most recent quarter, meeting analyst expectations, and had a year-over-year revenue increase of 2.2%.
• The company announced a quarterly dividend of $0.135 per share, resulting in a 6.1% dividend yield, though its payout ratio stands at a high 192.86%.

Samalin Investment Counsel LLC grew its holdings in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 165.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 69,403 shares of the real estate investment trust's stock after acquiring an additional 43,277 shares during the quarter. Samalin Investment Counsel LLC's holdings in LXP Industrial Trust were worth $600,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. EQ Wealth Advisors LLC bought a new stake in LXP Industrial Trust in the 1st quarter worth approximately $30,000. Headlands Technologies LLC bought a new stake in LXP Industrial Trust in the 1st quarter worth approximately $46,000. GF Fund Management CO. LTD. bought a new stake in LXP Industrial Trust in the 4th quarter worth approximately $43,000. Brooklyn Investment Group lifted its position in LXP Industrial Trust by 276.3% in the 1st 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 last quarter. Finally, Signaturefd LLC lifted its position 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. Institutional investors own 93.52% of the company's stock.

LXP Industrial Trust Stock Performance

Shares of LXP stock opened at $8.89 on Wednesday. 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 fifty-two week low of $6.85 and a fifty-two week high of $10.44. The stock has a 50 day moving average price of $8.33 and a two-hundred day moving average price of $8.38. The company has a market capitalization of $2.63 billion, a P/E ratio of 31.73 and a beta of 1.01.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last announced 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. LXP Industrial Trust had a return on equity of 4.34% and a net margin of 24.07%.The firm had revenue of $86.74 million during the quarter, compared to the consensus estimate of $87.25 million. During the same quarter in the previous year, the company posted $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. Analysts expect that LXP Industrial Trust will post 0.63 earnings per share for the current year.

LXP Industrial Trust Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on LXP. JMP Securities restated a "market perform" rating on shares of LXP Industrial Trust in a research report on Monday, May 5th. Wolfe Research assumed coverage on LXP Industrial Trust in a research report on Friday, August 22nd. They issued an "outperform" rating and a $10.00 target price for the company. Finally, KeyCorp lowered their price objective on LXP Industrial Trust from $11.00 to $10.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $10.33.

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.

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