XTX Topco Ltd Purchases 73,765 Shares of LXP Industrial Trust (NYSE:LXP)

Key Points

• XTX Topco Ltd boosted its stake in LXP Industrial Trust by 100.1% during the 1st quarter, acquiring an additional 73,765 shares for a total of 147,454 shares valued at approximately $1,275,000.
• Several institutional investors have also increased their holdings, with Norges Bank and Sumitomo Mitsui Trust Group making significant investments recently, indicating growing institutional interest in LXP Industrial Trust.
• LXP Industrial Trust reported earnings of $0.16 per share for the latest quarter, meeting analysts' expectations, while the company also announced a dividend of $0.135 per share with a yield of 7.0%.

XTX Topco Ltd increased its stake in LXP Industrial Trust (NYSE:LXP - Free Report) by 100.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 147,454 shares of the real estate investment trust's stock after purchasing an additional 73,765 shares during the quarter. XTX Topco Ltd's holdings in LXP Industrial Trust were worth $1,275,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in LXP Industrial Trust in the 4th quarter worth approximately $40,114,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in LXP Industrial Trust by 55.9% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,836,743 shares of the real estate investment trust's stock worth $41,838,000 after purchasing an additional 1,733,329 shares during the last quarter. Frontier Capital Management Co. LLC lifted its holdings in LXP Industrial Trust by 9.5% in the 4th quarter. Frontier Capital Management Co. LLC now owns 4,654,081 shares of the real estate investment trust's stock worth $37,791,000 after purchasing an additional 403,301 shares during the last quarter. Northern Trust Corp lifted its holdings in LXP Industrial Trust by 17.7% in the 4th quarter. Northern Trust Corp now owns 4,201,424 shares of the real estate investment trust's stock worth $34,116,000 after purchasing an additional 633,054 shares during the last quarter. Finally, Systematic Financial Management LP lifted its holdings in LXP Industrial Trust by 9.3% in the 4th quarter. Systematic Financial Management LP now owns 2,922,010 shares of the real estate investment trust's stock worth $23,727,000 after purchasing an additional 248,509 shares during the last quarter. 93.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. KeyCorp reduced their target price on LXP Industrial Trust from $11.00 to $10.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. JMP Securities reiterated a "market perform" rating on shares of LXP Industrial Trust in a report on Monday, May 5th.

LXP Industrial Trust Stock Performance

LXP opened at $7.75 on Friday. The stock has a market cap of $2.29 billion, a PE ratio of 27.68 and a beta of 1.03. 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 1 year low of $6.85 and a 1 year high of $10.44. The stock's 50 day simple moving average is $8.42 and its 200-day simple moving average is $8.38.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.16. The business had revenue of $86.74 million for the quarter, compared to analysts' expectations of $87.25 million. LXP Industrial Trust had a return on equity of 4.34% and a net margin of 24.07%. LXP Industrial Trust's quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.16 earnings per share. Sell-side analysts forecast that LXP Industrial Trust will post 0.63 EPS for the current year.

LXP Industrial Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a dividend of $0.135 per share. The ex-dividend date was Monday, June 30th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 7.0%. LXP Industrial Trust's payout ratio is currently 192.86%.

LXP Industrial Trust 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.

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