Voya Investment Management LLC Decreases Holdings in LXP Industrial Trust $LXP

Voya Investment Management LLC lowered its position in LXP Industrial Trust (NYSE:LXP) by 9.2% in the 1st quarter, Holdings Channel reports. The institutional investor owned 77,709 shares of the real estate investment trust’s stock after selling 7,883 shares during the period. Voya Investment Management LLC’s holdings in LXP Industrial Trust were worth $672,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. EQ Wealth Advisors LLC purchased 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 LXP Industrial Trust in the first quarter worth $46,000. Brooklyn Investment Group lifted its stake in LXP Industrial Trust by 276.3% in the first quarter. Brooklyn Investment Group now owns 5,479 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 4,023 shares during the last quarter. Signaturefd LLC boosted its position in LXP Industrial Trust by 678.3% during the first 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 during the period. Finally, Howard Financial Services LTD. bought a new position in shares of LXP Industrial Trust during the first quarter valued at about $99,000. 93.52% of the stock is owned by hedge funds and other institutional investors.

LXP Industrial Trust Price Performance

Shares of LXP Industrial Trust stock opened at $9.14 on Friday. The company’s fifty day simple moving average is $8.62 and its two-hundred day simple moving average is $8.44. LXP Industrial Trust has a 12-month low of $6.85 and a 12-month high of $10.28. The firm has a market cap of $2.70 billion, a PE ratio of 32.63 and a beta of 1.06. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.18.

LXP Industrial Trust (NYSE:LXP) last posted its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. The company had revenue of $86.74 million during the quarter, compared to analyst estimates of $87.25 million. LXP Industrial Trust had a net margin of 24.07% and a return on equity of 4.34%. LXP Industrial Trust’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.16 earnings per share. LXP Industrial Trust has set its FY 2025 guidance at 0.620-0.640 EPS. As a group, equities analysts expect that LXP Industrial Trust will post 0.63 EPS for the current year.

LXP Industrial Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.135 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.54 annualized dividend and a dividend yield of 5.9%. LXP Industrial Trust’s payout ratio is 192.86%.

Analyst Ratings Changes

Separately, Wolfe Research began coverage on LXP Industrial Trust in a research note on Friday, August 22nd. They issued an “outperform” rating and a $10.00 target price for the company. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, LXP Industrial Trust has a consensus rating of “Moderate Buy” and a consensus target price of $10.00.

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.