Hsbc Holdings PLC Raises Stock Position in LXP Industrial Trust $LXP

Hsbc Holdings PLC lifted its holdings in LXP Industrial Trust (NYSE:LXP) by 40.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 151,067 shares of the real estate investment trust’s stock after buying an additional 43,502 shares during the period. Hsbc Holdings PLC’s holdings in LXP Industrial Trust were worth $8,147,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. IFP Advisors Inc lifted its holdings in shares of LXP Industrial Trust by 63.8% in the 4th quarter. IFP Advisors Inc now owns 837 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 326 shares during the last quarter. Cetera Investment Advisers increased its stake in LXP Industrial Trust by 5.2% during the first quarter. Cetera Investment Advisers now owns 14,905 shares of the real estate investment trust’s stock worth $689,000 after acquiring an additional 743 shares during the last quarter. Pictet Asset Management Holding SA raised its position in LXP Industrial Trust by 11.6% during the first quarter. Pictet Asset Management Holding SA now owns 9,698 shares of the real estate investment trust’s stock valued at $449,000 after purchasing an additional 1,009 shares during the period. Resona Asset Management Co. Ltd. raised its position in LXP Industrial Trust by 4.7% during the first quarter. Resona Asset Management Co. Ltd. now owns 26,174 shares of the real estate investment trust’s stock valued at $1,213,000 after purchasing an additional 1,164 shares during the period. Finally, Caxton Associates LLP lifted its stake in shares of LXP Industrial Trust by 18.8% in the 1st quarter. Caxton Associates LLP now owns 8,711 shares of the real estate investment trust’s stock valued at $403,000 after purchasing an additional 1,381 shares during the last quarter. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

LXP Industrial Trust Stock Up 0.0%

Shares of NYSE LXP opened at $60.78 on Thursday. LXP Industrial Trust has a 1 year low of $43.97 and a 1 year high of $61.61. The firm has a 50-day simple moving average of $59.59 and a two-hundred day simple moving average of $53.61. The company has a market cap of $3.58 billion, a P/E ratio of 60.78 and a beta of 1.02. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.10 and a quick ratio of 0.10.

LXP Industrial Trust (NYSE:LXP) last released its earnings results on Wednesday, July 29th. The real estate investment trust reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.01. LXP Industrial Trust had a return on equity of 3.37% and a net margin of 18.66%.The firm had revenue of $88.11 million for the quarter, compared to analysts’ expectations of $85.37 million. During the same quarter in the prior year, the firm posted $0.16 earnings per share. The company’s quarterly revenue was up .4% on a year-over-year basis. Research analysts anticipate that LXP Industrial Trust will post 3.35 earnings per share for the current year.

LXP Industrial Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Tuesday, June 30th. LXP Industrial Trust’s dividend payout ratio is 280.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. KeyCorp reiterated a “sector weight” rating on shares of LXP Industrial Trust in a report on Tuesday, June 9th. Raymond James Financial started coverage on LXP Industrial Trust in a report on Wednesday, June 17th. They set a “market perform” rating on the stock. Citigroup reaffirmed an “outperform” rating on shares of LXP Industrial Trust in a research note on Thursday, July 16th. Citizens Jmp cut shares of LXP Industrial Trust from a “market outperform” rating to a “hold” rating in a research report on Tuesday, July 21st. Finally, Wall Street Zen cut shares of LXP Industrial Trust from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Two research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $57.40.

LXP Industrial Trust Company Profile

LXP Industrial Trust is a real estate investment trust that specializes in the ownership, acquisition and management of industrial properties across North America. The company’s portfolio consists of warehouses, distribution centers and manufacturing facilities designed to support supply-chain and logistics operations. By focusing on long-term leasing arrangements, LXP Industrial Trust aims to provide stable income streams while delivering value to tenants through modern, well-positioned industrial space.

The firm’s primary business activities include sourcing and under-writing new property investments, overseeing development and redevelopment projects, and implementing asset-management strategies to enhance the performance of its holdings.