XTX Topco Ltd boosted its stake in LXP Industrial Trust (NYSE:LXP - Free Report) by 100.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 147,454 shares of the real estate investment trust's stock after purchasing an additional 73,765 shares during the period. XTX Topco Ltd's holdings in LXP Industrial Trust were worth $1,275,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of LXP Industrial Trust by 5.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 204,594 shares of the real estate investment trust's stock worth $1,770,000 after acquiring an additional 11,484 shares during the period. Cetera Investment Advisers grew its stake in LXP Industrial Trust by 4.7% in the first quarter. Cetera Investment Advisers now owns 31,486 shares of the real estate investment trust's stock worth $272,000 after purchasing an additional 1,420 shares in the last quarter. AE Wealth Management LLC grew its stake in LXP Industrial Trust by 7.0% in the first quarter. AE Wealth Management LLC now owns 247,904 shares of the real estate investment trust's stock worth $2,144,000 after purchasing an additional 16,176 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in LXP Industrial Trust in the first quarter worth approximately $1,982,000. Finally, Choreo LLC grew its stake in LXP Industrial Trust by 118.2% in the first quarter. Choreo LLC now owns 26,517 shares of the real estate investment trust's stock worth $233,000 after purchasing an additional 14,366 shares in the last quarter. Institutional investors own 93.52% of the company's stock.
LXP Industrial Trust Stock Performance
Shares of NYSE:LXP traded down $0.08 on Wednesday, hitting $7.94. 1,515,752 shares of the company were exchanged, compared to its average volume of 2,880,344. LXP Industrial Trust has a 1-year low of $6.85 and a 1-year high of $10.44. The stock's 50 day moving average price is $8.40 and its 200 day moving average price is $8.38. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $2.35 billion, a P/E ratio of 28.34 and a beta of 1.01.
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 EPS for the quarter, hitting 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 business had revenue of $86.74 million during the quarter, compared to the consensus estimate of $87.25 million. During the same period in the previous year, the firm posted $0.16 earnings per share. The business's revenue for the quarter was up 2.2% compared to the same quarter last year. Sell-side analysts predict that LXP Industrial Trust will post 0.63 EPS for the current 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 annualized dividend and a dividend yield of 6.8%. The ex-dividend date of this dividend was Monday, June 30th. LXP Industrial Trust's dividend payout ratio (DPR) is 192.86%.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on LXP shares. KeyCorp dropped 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 note on Friday, May 2nd. JMP Securities restated a "market perform" rating on shares of LXP Industrial Trust in a research note on Monday, May 5th.
View Our Latest Report on LXP
LXP Industrial Trust Profile
(
Free Report)
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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