Van Lanschot Kempen Investment Management N.V. Has $113,000 Stock Position 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 position in LXP Industrial Trust (NYSE:LXP - Free Report) by 97.6% during the first quarter, according to its most recent Form 13F filing with the SEC. 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 reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Signaturefd LLC grew its holdings in 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 valued at $54,000 after purchasing an additional 5,474 shares during the last quarter. Principal Financial Group Inc. grew its holdings in 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 valued at $12,735,000 after purchasing an additional 44,233 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in 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 valued at $236,000 after purchasing an additional 6,800 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in 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 valued at $1,172,000 after purchasing an additional 68,399 shares during the last quarter. Finally, Neo Ivy Capital Management acquired a new position in LXP Industrial Trust during the fourth quarter valued at approximately $1,199,000. Institutional investors and hedge funds own 93.52% of the company's stock.

LXP Industrial Trust Stock Performance

LXP traded up $0.05 during trading on Tuesday, reaching $8.85. 1,280,750 shares of the company's stock were exchanged, compared to its average volume of 2,915,784. LXP Industrial Trust has a fifty-two week low of $6.85 and a fifty-two week 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 50 day moving average price of $8.32 and a 200 day moving average price of $8.38. The company has a market capitalization of $2.62 billion, a P/E ratio of 31.59 and a beta of 1.01.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last issued its 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. LXP Industrial Trust had a net margin of 24.07% and a return on equity of 4.34%. The company had revenue of $86.74 million for the quarter, compared to the consensus estimate of $87.25 million. During the same quarter in the previous year, the company earned $0.16 EPS. The firm's revenue for the quarter was up 2.2% compared to the same quarter last year. LXP Industrial Trust has set its FY 2025 guidance at 0.620-0.640 EPS. As a group, analysts predict that LXP Industrial Trust will post 0.63 earnings per share for the current fiscal year.

LXP Industrial Trust Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on LXP shares. JMP Securities restated a "market perform" rating on shares of LXP Industrial Trust in a research note on Monday, May 5th. Wolfe Research started coverage on shares of LXP Industrial Trust in a research note on Friday. They issued an "outperform" rating and a $10.00 price objective on the stock. Finally, KeyCorp lowered their price objective 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. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price 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.