LXP Industrial Trust $LXP Shares Acquired by Inspire Investing LLC

Inspire Investing LLC increased its position in LXP Industrial Trust (NYSE:LXP) by 19.8% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 47,640 shares of the real estate investment trust’s stock after acquiring an additional 7,887 shares during the period. Inspire Investing LLC’s holdings in LXP Industrial Trust were worth $394,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. GAMMA Investing LLC increased its position in LXP Industrial Trust by 841.6% during the first quarter. GAMMA Investing LLC now owns 22,231 shares of the real estate investment trust’s stock worth $192,000 after purchasing an additional 19,870 shares during the last quarter. SG Americas Securities LLC acquired a new position in LXP Industrial Trust during the first quarter worth approximately $1,138,000. Shikiar Asset Management Inc. increased its position in LXP Industrial Trust by 22.2% during the first quarter. Shikiar Asset Management Inc. now owns 317,250 shares of the real estate investment trust’s stock worth $2,744,000 after purchasing an additional 57,550 shares during the last quarter. QRG Capital Management Inc. increased its position in LXP Industrial Trust by 28.4% during the first quarter. QRG Capital Management Inc. now owns 47,307 shares of the real estate investment trust’s stock worth $409,000 after purchasing an additional 10,459 shares during the last quarter. Finally, EQ Wealth Advisors LLC acquired a new position in LXP Industrial Trust during the first quarter worth approximately $30,000. Institutional investors and hedge funds own 93.52% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on LXP. Wolfe Research began coverage on shares of LXP Industrial Trust in a research report on Friday, August 22nd. They set an “outperform” rating and a $10.00 price target for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LXP Industrial Trust in a research report on Wednesday, October 8th. Finally, Evercore ISI boosted their price objective on shares of LXP Industrial Trust from $10.00 to $11.00 and gave the stock an “in-line” rating in a research note on Monday, October 6th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $10.33.

LXP Industrial Trust Price Performance

LXP opened at $8.97 on Tuesday. 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 has a 52-week low of $6.85 and a 52-week high of $9.95. The company has a 50 day moving average of $8.89 and a two-hundred day moving average of $8.45. The company has a market cap of $2.65 billion, a P/E ratio of 32.04 and a beta of 1.05.

LXP Industrial Trust (NYSE:LXP) 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, hitting the consensus estimate of $0.16. The company had revenue of $86.74 million during the quarter, compared to the consensus estimate 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 previous year, the firm earned $0.16 earnings per share. LXP Industrial Trust has set its FY 2025 guidance at 0.620-0.640 EPS. On average, analysts expect that LXP Industrial Trust will post 0.63 earnings per share for the current year.

LXP Industrial Trust Announces Dividend

The company 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 $0.135 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.54 annualized dividend and a dividend yield of 6.0%. LXP Industrial Trust’s dividend payout ratio is 192.86%.

About LXP Industrial Trust

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.