Van Lanschot Kempen Investment Management N.V. Decreases Stake in LXP Industrial Trust $LXP

Key Points

• Van Lanschot Kempen Investment Management N.V. drastically reduced its stake in LXP Industrial Trust by 97.6%, selling 533,621 shares and retaining only 13,119 shares.
• Multiple institutional investors, including Signaturefd LLC and Teacher Retirement System of Texas, have increased their holdings in LXP Industrial Trust, indicating a shift in investment sentiment towards the REIT.
• LXP Industrial Trust announced a quarterly dividend of $0.135 per share, resulting in a 6.2% dividend yield, despite a high payout ratio of 192.86%.

Van Lanschot Kempen Investment Management N.V. lowered its stake in LXP Industrial Trust (NYSE:LXP - Free Report) by 97.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,119 shares of the real estate investment trust's stock after selling 533,621 shares during the period. Van Lanschot Kempen Investment Management N.V.'s holdings in LXP Industrial Trust were worth $113,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC raised its holdings 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 purchasing an additional 5,474 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of LXP Industrial Trust by 3.1% during the first quarter. Principal Financial Group Inc. now owns 1,472,285 shares of the real estate investment trust's stock worth $12,735,000 after purchasing an additional 44,233 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of LXP Industrial Trust by 33.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 27,319 shares of the real estate investment trust's stock worth $236,000 after purchasing an additional 6,800 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in shares of LXP Industrial Trust by 102.0% during the first quarter. Teacher Retirement System of Texas now owns 135,450 shares of the real estate investment trust's stock worth $1,172,000 after purchasing an additional 68,399 shares during the last quarter. Finally, Neo Ivy Capital Management purchased a new position in shares of LXP Industrial Trust during the fourth quarter worth $1,199,000. Hedge funds and other institutional investors own 93.52% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. JMP Securities reissued a "market perform" rating on shares of LXP Industrial Trust in a report on Monday, May 5th. KeyCorp reduced their target price on shares of LXP Industrial Trust from $11.00 to $10.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $10.50.

LXP Industrial Trust Stock Up 0.6%

LXP stock opened at $8.7050 on Thursday. The firm has a market cap of $2.57 billion, a PE ratio of 31.09 and a beta of 1.01. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.13 and a current ratio of 0.13. The firm's fifty day moving average is $8.31 and its 200 day moving average is $8.37. LXP Industrial Trust has a one year low of $6.85 and a one year high of $10.44.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. The company 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 firm's revenue 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, research analysts forecast that LXP Industrial Trust will post 0.63 EPS for the current year.

LXP Industrial Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a $0.135 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.54 annualized dividend and a dividend yield of 6.2%. LXP Industrial Trust's dividend payout ratio (DPR) is 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.

Want to see what other hedge funds are holding LXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LXP Industrial Trust (NYSE:LXP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.