Vanguard Group Inc. Grows Position in LXP Industrial Trust $LXP

Key Points

• Vanguard Group Inc. increased its stake in LXP Industrial Trust by 0.5%, acquiring an additional 214,696 shares, bringing its total ownership to 46,064,359 shares valued at approximately $398.5 million.
• Other institutional investors also made significant moves, with Centersquare Investment Management LLC raising its holdings by over 1,100%, now owning about 4.3 million shares.
• LXP Industrial Trust's recent quarterly earnings met analysts' expectations with earnings per share of $0.16, while its declared quarterly dividend offers a yield of 6.6%.

Vanguard Group Inc. increased its stake in LXP Industrial Trust (NYSE:LXP - Free Report) by 0.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,064,359 shares of the real estate investment trust's stock after purchasing an additional 214,696 shares during the period. Vanguard Group Inc. owned approximately 15.58% of LXP Industrial Trust worth $398,457,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of LXP. EQ Wealth Advisors LLC bought a new position in shares of LXP Industrial Trust in the first quarter worth approximately $30,000. GF Fund Management CO. LTD. bought a new position in shares of LXP Industrial Trust in the fourth quarter worth approximately $43,000. Signaturefd LLC increased its position in shares of LXP Industrial Trust by 678.3% in 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. Sterling Capital Management LLC increased its position in shares of LXP Industrial Trust by 805.0% in the fourth quarter. Sterling Capital Management LLC now owns 9,159 shares of the real estate investment trust's stock worth $74,000 after purchasing an additional 8,147 shares during the last quarter. Finally, Townsquare Capital LLC bought a new position in shares of LXP Industrial Trust in the fourth quarter worth approximately $82,000. 93.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

LXP has been the topic of several research analyst reports. KeyCorp decreased 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 report on Friday, May 2nd. JMP Securities reiterated a "market perform" rating on shares of LXP Industrial Trust in a research report on Monday, May 5th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $10.50.

LXP Industrial Trust Price Performance

NYSE LXP traded up $0.0550 on Wednesday, reaching $8.7050. 3,275,972 shares of the company's stock traded hands, compared to its average volume of 3,639,090. LXP Industrial Trust has a 12 month low of $6.85 and a 12 month high of $10.44. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.13 and a quick ratio of 0.13. The stock has a 50-day simple moving average of $8.31 and a 200 day simple moving average of $8.37. The stock has a market cap of $2.57 billion, a PE ratio of 31.09 and a beta of 1.01.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.16 EPS for the quarter, meeting analysts' consensus estimates of $0.16. LXP Industrial Trust had a net margin of 24.07% and a return on equity of 4.34%. The business had revenue of $86.74 million for the quarter, compared to analysts' expectations of $87.25 million. During the same period last year, the business earned $0.16 earnings per share. The business's quarterly 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. As a group, research analysts predict that LXP Industrial Trust will post 0.63 earnings per share for the current year.

LXP Industrial Trust Announces Dividend

The business also recently disclosed 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. This represents a $0.54 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend was Monday, June 30th. LXP Industrial Trust's dividend payout ratio is 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.