Pensionfund DSM Netherlands Reduces Stake in LXP Industrial Trust $LXP

Pensionfund DSM Netherlands decreased its stake in shares of LXP Industrial Trust (NYSE:LXP – Free Report) by 6.2% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 152,000 shares of the real estate investment trust’s stock after selling 10,000 shares during the period. Pensionfund DSM Netherlands owned 0.05% of LXP Industrial Trust worth $1,315,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Strs Ohio purchased a new stake in shares of LXP Industrial Trust in the 1st quarter valued at about $471,000. Intrua Financial LLC raised its holdings in shares of LXP Industrial Trust by 40.5% in the 1st quarter. Intrua Financial LLC now owns 17,275 shares of the real estate investment trust’s stock valued at $149,000 after acquiring an additional 4,983 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of LXP Industrial Trust by 6,092.1% in the 1st quarter. Jane Street Group LLC now owns 948,134 shares of the real estate investment trust’s stock valued at $8,201,000 after acquiring an additional 932,822 shares in the last quarter. United Services Automobile Association purchased a new stake in shares of LXP Industrial Trust in the 1st quarter valued at about $158,000. Finally, Goldman Sachs Group Inc. raised its holdings in shares of LXP Industrial Trust by 14.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,717,830 shares of the real estate investment trust’s stock valued at $32,159,000 after acquiring an additional 458,195 shares in the last quarter. Hedge funds and other institutional investors own 93.52% of the company’s stock.

LXP Industrial Trust Price Performance

Shares of LXP Industrial Trust stock opened at $9.21 on Friday. 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 $2.72 billion, a PE ratio of 32.89 and a beta of 1.06. The business’s 50-day moving average price is $8.47 and its 200-day moving average price is $8.43. LXP Industrial Trust has a 12 month low of $6.85 and a 12 month high of $10.32.

LXP Industrial Trust (NYSE:LXP – Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. The firm had revenue of $86.74 million for the quarter, compared to analyst estimates of $87.25 million. LXP Industrial Trust had a return on equity of 4.34% and a net margin of 24.07%.The company’s revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.16 EPS. LXP Industrial Trust has set its FY 2025 guidance at 0.620-0.640 EPS. Sell-side analysts forecast that LXP Industrial Trust will post 0.63 EPS for the current fiscal 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 annualized dividend and a dividend yield of 5.9%. LXP Industrial Trust’s dividend payout ratio is 192.86%.

Analyst Ratings Changes

Separately, Wolfe Research assumed coverage on LXP Industrial Trust in a report on Friday, August 22nd. They issued an “outperform” rating and a $10.00 price target on the stock. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $10.33.

Check Out Our Latest Stock 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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