Samalin Investment Counsel LLC Increases Stock Holdings in 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 increased its stake in LXP Industrial Trust (NYSE:LXP - Free Report) by 165.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LXP. Envestnet Asset Management Inc. increased 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 worth $560,000 after purchasing an additional 12,225 shares in the last quarter. Raymond James Financial Inc. bought a new stake in LXP Industrial Trust in the fourth quarter worth approximately $359,000. Mariner LLC increased its holdings in LXP Industrial Trust by 10.6% in the fourth quarter. Mariner LLC now owns 35,384 shares of the real estate investment trust's stock worth $287,000 after purchasing an additional 3,395 shares in the last quarter. First Trust Advisors LP increased its holdings in LXP Industrial Trust by 0.7% in the fourth quarter. First Trust Advisors LP now owns 280,970 shares of the real estate investment trust's stock worth $2,281,000 after purchasing an additional 1,896 shares in the last quarter. Finally, MetLife Investment Management LLC increased its holdings in LXP Industrial Trust by 7.5% in the fourth quarter. MetLife Investment Management LLC now owns 182,568 shares of the real estate investment trust's stock worth $1,482,000 after purchasing an additional 12,696 shares in the last quarter. 93.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. JMP Securities reiterated a "market perform" rating on shares of LXP Industrial Trust in a report on Monday, May 5th. Wolfe Research assumed coverage on LXP Industrial Trust in a report on Friday, August 22nd. They issued an "outperform" rating and a $10.00 target price for the company. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, LXP Industrial Trust currently has a consensus rating of "Moderate Buy" and a consensus target price of $10.33.

LXP Industrial Trust Stock Up 0.1%

Shares of NYSE LXP traded up $0.01 during midday trading on Monday, hitting $9.09. 2,179,826 shares of the stock traded hands, compared to its average volume of 3,505,339. The company has a market cap of $2.69 billion, a PE ratio of 32.45 and a beta of 1.06. LXP Industrial Trust has a one year low of $6.85 and a one year high of $10.44. The business has a 50 day moving average price of $8.35 and a two-hundred day moving average price of $8.39. 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 (NYSE:LXP - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. The firm 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 quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.16 earnings per share. LXP Industrial Trust has set its FY 2025 guidance at 0.620-0.640 EPS. On average, equities analysts predict that LXP Industrial Trust will post 0.63 EPS for the current 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 dividend of $0.135 per share. The ex-dividend date was Monday, June 30th. This represents a $0.54 annualized dividend and a dividend yield of 5.9%. LXP Industrial Trust's payout ratio is currently 192.86%.

LXP Industrial Trust 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.