Versor Investments LP Invests $614,000 in LXP Industrial Trust $LXP

Key Points

• Versor Investments LP has invested about $614,000 in LXP Industrial Trust by acquiring 71,000 shares, according to their Form 13F filing with the SEC.
• LXP Industrial Trust recently reported earnings of $0.16 per share, matching analysts' expectations, alongside a revenue of $86.74 million for the quarter.
• The company declared a quarterly dividend of $0.135, yielding 6.2%, but currently has a high dividend payout ratio of 192.86%.

Versor Investments LP bought a new position in shares of LXP Industrial Trust (NYSE:LXP - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 71,000 shares of the real estate investment trust's stock, valued at approximately $614,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in LXP. EQ Wealth Advisors LLC bought a new stake in LXP Industrial Trust during the first quarter worth approximately $30,000. Headlands Technologies LLC bought a new position in shares of LXP Industrial Trust in the first quarter valued at $46,000. GF Fund Management CO. LTD. bought a new position in shares of LXP Industrial Trust in the fourth quarter valued at $43,000. Signaturefd LLC increased its holdings 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 valued at $54,000 after buying an additional 5,474 shares in the last quarter. Finally, Sterling Capital Management LLC increased its holdings 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 valued at $74,000 after buying an additional 8,147 shares in the last quarter. 93.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LXP. Wolfe Research began coverage on LXP Industrial Trust in a report on Friday. They issued an "outperform" rating and a $10.00 price target on the stock. JMP Securities reaffirmed a "market perform" rating on shares of LXP Industrial Trust in a report on Monday, May 5th. Finally, KeyCorp dropped their price target on LXP Industrial Trust from $11.00 to $10.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, LXP Industrial Trust currently has a consensus rating of "Moderate Buy" and an average target price of $10.33.

LXP Industrial Trust Stock Up 2.6%

NYSE:LXP traded up $0.2250 during trading hours on Friday, hitting $8.7950. 3,957,019 shares of the stock traded hands, compared to its average volume of 3,655,207. The firm has a 50 day moving average price of $8.32 and a 200 day moving average price of $8.37. 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 fifty-two week low of $6.85 and a fifty-two week high of $10.44. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 31.41 and a beta of 1.01.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last announced its earnings results 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. 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 period in the previous year, the business earned $0.16 EPS. The company's 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. Equities research analysts anticipate that LXP Industrial Trust will post 0.63 earnings per share for the current year.

LXP Industrial Trust Announces Dividend

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

About LXP Industrial Trust

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.