William Blair Investment Management LLC Purchases Shares of 492,480 LXP Industrial Trust $LXP

Key Points

• William Blair Investment Management acquired 492,480 shares of LXP Industrial Trust in the second quarter, worth approximately $26.5 million and representing about 0.84% of the REIT. Institutional investors collectively own 93.52% of the company.
• Analyst sentiment remains cautious, with two Buy ratings and seven Holds producing a consensus “Hold” rating and a $57.40 target price. LXP shares opened at $60.92, near their 12-month high of $61.61.
• LXP exceeded quarterly expectations, reporting $0.84 in adjusted earnings per share versus an $0.83 estimate and revenue of $88.11 million versus $85.37 million expected. The company also pays a quarterly dividend of $0.70 per share, yielding approximately 4.6% annually.

William Blair Investment Management LLC acquired a new stake in LXP Industrial Trust (NYSE:LXP - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 492,480 shares of the real estate investment trust's stock, valued at approximately $26,535,000. William Blair Investment Management LLC owned approximately 0.84% of LXP Industrial Trust as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. IFP Advisors Inc grew its position in shares of LXP Industrial Trust by 63.8% during the fourth quarter. IFP Advisors Inc now owns 837 shares of the real estate investment trust's stock worth $41,000 after purchasing an additional 326 shares in the last quarter. EQ Wealth Advisors LLC purchased a new position in LXP Industrial Trust in the 4th quarter worth approximately $34,000. Cetera Investment Advisers lifted its holdings in LXP Industrial Trust by 5.2% in the 1st quarter. Cetera Investment Advisers now owns 14,905 shares of the real estate investment trust's stock worth $689,000 after purchasing an additional 743 shares in the last quarter. Pictet Asset Management Holding SA boosted its stake in LXP Industrial Trust by 11.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 9,698 shares of the real estate investment trust's stock worth $449,000 after purchasing an additional 1,009 shares during the period. Finally, Resona Asset Management Co. Ltd. boosted its stake in LXP Industrial Trust by 4.7% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 26,174 shares of the real estate investment trust's stock worth $1,213,000 after purchasing an additional 1,164 shares during the period. Institutional investors own 93.52% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Evercore set a $54.00 price objective on shares of LXP Industrial Trust in a report on Monday, June 8th. KeyCorp reissued a "sector weight" rating on shares of LXP Industrial Trust in a report on Tuesday, June 9th. BMO Capital Markets initiated coverage on shares of LXP Industrial Trust in a research report on Thursday, July 9th. They set an "outperform" rating and a $65.00 target price for the company. Weiss Ratings raised shares of LXP Industrial Trust from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, June 15th. Finally, Raymond James Financial began coverage on shares of LXP Industrial Trust in a report on Wednesday, June 17th. They issued a "market perform" rating on the stock. Two equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $57.40.

LXP Industrial Trust Price Performance

NYSE:LXP opened at $60.92 on Friday. The business's 50-day moving average is $57.80 and its 200 day moving average is $52.56. LXP Industrial Trust has a 12 month low of $43.27 and a 12 month high of $61.61. The company has a market capitalization of $3.59 billion, a P/E ratio of 60.92 and a beta of 1.02. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.19.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.01. LXP Industrial Trust had a return on equity of 3.37% and a net margin of 18.66%.The business had revenue of $88.11 million during the quarter, compared to analysts' expectations of $85.37 million. During the same quarter last year, the business posted $0.16 EPS. The firm's revenue for the quarter was up .4% compared to the same quarter last year. On average, equities research analysts forecast that LXP Industrial Trust will post 3.34 earnings per share for the current fiscal year.

LXP Industrial Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Tuesday, June 30th. LXP Industrial Trust's dividend payout ratio is currently 280.00%.

About LXP Industrial Trust

LXP Industrial Trust is a real estate investment trust that specializes in the ownership, acquisition and management of industrial properties across North America. The company's portfolio consists of warehouses, distribution centers and manufacturing facilities designed to support supply-chain and logistics operations. By focusing on long-term leasing arrangements, LXP Industrial Trust aims to provide stable income streams while delivering value to tenants through modern, well-positioned industrial space.

The firm's primary business activities include sourcing and under-writing new property investments, overseeing development and redevelopment projects, and implementing asset-management strategies to enhance the performance of its holdings.

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