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

Other hedge funds and other institutional investors also recently made changes to their positions in the company. EQ Wealth Advisors LLC bought a new position in shares of LXP Industrial Trust during the first quarter worth $30,000. GF Fund Management CO. LTD. bought a new stake in LXP Industrial Trust in the 4th quarter valued at $43,000. Headlands Technologies LLC bought a new stake in LXP Industrial Trust in the 1st quarter valued at $46,000. Signaturefd LLC lifted its position 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 valued at $54,000 after acquiring an additional 5,474 shares in the last quarter. Finally, Sterling Capital Management LLC lifted its position 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 valued at $74,000 after acquiring an additional 8,147 shares in the last quarter. 93.52% of the stock is owned by institutional investors.

LXP Industrial Trust Stock Down 0.1%

LXP stock traded down $0.0050 during midday trading on Monday, hitting $8.7950. The company's stock had a trading volume of 2,075,029 shares, compared to its average volume of 3,722,543. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.13 and a quick ratio of 0.13. LXP Industrial Trust has a twelve month low of $6.85 and a twelve month high of $10.44. The company's fifty day moving average price is $8.32 and its 200 day moving average price is $8.38. The stock has a market capitalization of $2.60 billion, a P/E ratio of 31.41 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 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 firm had revenue of $86.74 million for the quarter, compared to analyst estimates 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% 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, equities research analysts predict that LXP Industrial Trust will post 0.63 EPS for the current year.

LXP Industrial Trust Announces Dividend

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

Analyst Upgrades and Downgrades

LXP has been the topic of several research reports. KeyCorp cut 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 reaffirmed a "market perform" rating on shares of LXP Industrial Trust in a research report on Monday, May 5th. Finally, Wolfe Research initiated coverage on shares of LXP Industrial Trust in a research report on Friday. They issued an "outperform" rating and a $10.00 price objective on the stock. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, LXP Industrial Trust has a consensus rating of "Moderate Buy" and a consensus price target 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.