Pensionfund Sabic Sells 8,000 Shares of LXP Industrial Trust $LXP

Pensionfund Sabic decreased its holdings in shares of LXP Industrial Trust (NYSE:LXP) by 9.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 78,000 shares of the real estate investment trust’s stock after selling 8,000 shares during the period. Pensionfund Sabic’s holdings in LXP Industrial Trust were worth $675,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EQ Wealth Advisors LLC bought a new stake in shares of LXP Industrial Trust in the 1st quarter valued at $30,000. Headlands Technologies LLC bought a new stake in shares of LXP Industrial Trust in the 1st quarter valued at $46,000. GF Fund Management CO. LTD. bought a new stake in shares of LXP Industrial Trust in the 4th quarter valued at $43,000. Brooklyn Investment Group increased its position in shares of LXP Industrial Trust by 276.3% in the 1st quarter. Brooklyn Investment Group now owns 5,479 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 4,023 shares in the last quarter. Finally, Signaturefd LLC increased its position in shares of 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 buying an additional 5,474 shares in the last quarter. Institutional investors own 93.52% of the company’s stock.

Analyst Upgrades and Downgrades

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

LXP Industrial Trust Price Performance

LXP stock opened at $9.21 on Friday. The stock has a 50-day moving average price of $8.47 and a two-hundred day moving average price of $8.43. The stock has a market cap of $2.72 billion, a PE ratio of 32.89 and a beta of 1.06. 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 $10.32.

LXP Industrial Trust (NYSE:LXP) last released its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. The firm had revenue of $86.74 million during 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%.The company’s revenue was up 2.2% on a year-over-year basis. During the same quarter 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. Equities 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 announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date was Monday, June 30th. LXP Industrial Trust’s dividend payout ratio is 192.86%.

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.