Strs Ohio Makes New Investment in LXP Industrial Trust $LXP

Key Points

• Strs Ohio has invested in LXP Industrial Trust, buying 54,400 shares valued at approximately $471,000, during the first quarter.
• Wolfe Research has rated LXP Industrial Trust as "outperform" with a price target of $10.00, and analysts currently give it a consensus rating of "Moderate Buy."
• LXP Industrial Trust announced a quarterly dividend of $0.135 per share, representing a yield of 5.8%, with an ex-dividend date of September 30th.

Strs Ohio purchased a new position in shares of LXP Industrial Trust (NYSE:LXP - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 54,400 shares of the real estate investment trust's stock, valued at approximately $471,000.

Other large investors have also made changes to their positions in the company. Centersquare Investment Management LLC increased its holdings in LXP Industrial Trust by 1,103.9% in the 1st quarter. Centersquare Investment Management LLC now owns 4,271,470 shares of the real estate investment trust's stock valued at $36,948,000 after purchasing an additional 3,916,670 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in LXP Industrial Trust by 55.9% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,836,743 shares of the real estate investment trust's stock valued at $41,838,000 after purchasing an additional 1,733,329 shares in the last quarter. Jane Street Group LLC increased its holdings in LXP Industrial Trust by 6,092.1% in the 1st quarter. Jane Street Group LLC now owns 948,134 shares of the real estate investment trust's stock valued at $8,201,000 after purchasing an additional 932,822 shares in the last quarter. Cubist Systematic Strategies LLC increased its holdings in LXP Industrial Trust by 153.3% in the 1st quarter. Cubist Systematic Strategies LLC now owns 967,450 shares of the real estate investment trust's stock valued at $8,368,000 after purchasing an additional 585,528 shares in the last quarter. Finally, Allianz Asset Management GmbH acquired a new stake in LXP Industrial Trust in the 1st quarter valued at $4,263,000. 93.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wolfe Research assumed coverage on LXP Industrial Trust in a report on Friday, August 22nd. They issued an "outperform" rating and a $10.00 price target for the company. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $10.00.

LXP Industrial Trust Stock Performance

LXP opened at $9.26 on Tuesday. The business's 50 day moving average is $8.57 and its 200-day moving average is $8.43. The stock has a market cap of $2.74 billion, a PE ratio of 33.07 and a beta of 1.06. 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 has a twelve month low of $6.85 and a twelve month high of $10.29.

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 EPS for the quarter, meeting analysts' consensus estimates of $0.16. The business had revenue of $86.74 million for the quarter, compared to analyst estimates of $87.25 million. LXP Industrial Trust had a net margin of 24.07% and a return on equity of 4.34%. The business's revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the business earned $0.16 earnings per share. LXP Industrial Trust has set its FY 2025 guidance at 0.620-0.640 EPS. On average, analysts predict that LXP Industrial Trust will post 0.63 earnings per share for the current year.

LXP Industrial Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 5.8%. The ex-dividend date is Tuesday, September 30th. LXP Industrial Trust's payout ratio is presently 192.86%.

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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