Vanguard Group Inc. Has $398.46 Million Stake 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. grew its stake in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 0.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 46,064,359 shares of the real estate investment trust's stock after buying an additional 214,696 shares during the period. Vanguard Group Inc. owned 15.58% of LXP Industrial Trust worth $398,457,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. EQ Wealth Advisors LLC purchased a new stake in LXP Industrial Trust during the 1st quarter worth $30,000. GF Fund Management CO. LTD. acquired a new position in LXP Industrial Trust in the 4th quarter worth $43,000. Signaturefd LLC lifted its holdings in LXP Industrial Trust by 678.3% in the 1st quarter. Signaturefd LLC now owns 6,281 shares of the real estate investment trust's stock worth $54,000 after buying an additional 5,474 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in LXP Industrial Trust by 805.0% in the 4th quarter. Sterling Capital Management LLC now owns 9,159 shares of the real estate investment trust's stock worth $74,000 after buying an additional 8,147 shares in the last quarter. Finally, Townsquare Capital LLC acquired a new position in LXP Industrial Trust in the 4th quarter worth $82,000. 93.52% of the stock is owned by hedge funds and other institutional investors.

LXP Industrial Trust Price Performance

Shares of LXP Industrial Trust stock traded up $0.4250 on Tuesday, hitting $8.5650. The company had a trading volume of 3,788,342 shares, compared to its average volume of 2,906,836. The business has a 50-day simple moving average of $8.31 and a 200-day simple moving average of $8.36. 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 company has a market cap of $2.53 billion, a PE ratio of 30.55 and a beta of 1.01. LXP Industrial Trust has a 52 week low of $6.85 and a 52 week high of $10.44.

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 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. The business had revenue of $86.74 million during the quarter, compared to analysts' expectations 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 was up 2.2% on a year-over-year basis. During the same period last year, the firm posted $0.16 earnings per share. LXP Industrial Trust has set its FY 2025 guidance at 0.620-0.640 EPS. Research analysts expect that LXP Industrial Trust will post 0.63 EPS for the current fiscal year.

LXP Industrial Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date was Monday, June 30th. LXP Industrial Trust's dividend payout ratio (DPR) is presently 192.86%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LXP. JMP Securities restated a "market perform" rating on shares of LXP Industrial Trust in a research note on Monday, May 5th. KeyCorp cut their target price 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. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, LXP Industrial Trust presently has an average rating of "Hold" and a consensus target price of $10.50.

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.