Edgestream Partners L.P. Makes New $1.63 Million Investment in LXP Industrial Trust $LXP

Edgestream Partners L.P. purchased a new position in LXP Industrial Trust (NYSE:LXP) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 35,205 shares of the real estate investment trust’s stock, valued at approximately $1,629,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new stake in LXP Industrial Trust in the 3rd quarter worth about $26,000. EverSource Wealth Advisors LLC lifted its stake in LXP Industrial Trust by 101.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,481 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 1,755 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of LXP Industrial Trust by 82.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,623 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 1,632 shares during the last quarter. EQ Wealth Advisors LLC purchased a new stake in shares of LXP Industrial Trust during the 4th quarter valued at about $34,000. Finally, IFP Advisors Inc grew its stake in shares of LXP Industrial Trust by 63.8% in the fourth quarter. IFP Advisors Inc now owns 837 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 326 shares during the period. 93.52% of the stock is owned by institutional investors.

LXP Industrial Trust Stock Down 0.1%

LXP opened at $60.49 on Tuesday. The company has a market capitalization of $3.57 billion, a PE ratio of 60.49 and a beta of 1.04. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.19. The firm’s 50 day simple moving average is $55.35 and its two-hundred day simple moving average is $51.51. LXP Industrial Trust has a 1-year low of $38.85 and a 1-year high of $61.61.

LXP Industrial Trust Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on LXP shares. Evercore set a $54.00 price objective on shares of LXP Industrial Trust in a report on Monday, June 8th. Citizens Jmp downgraded shares of LXP Industrial Trust from a “market outperform” rating to a “hold” rating in a research report on Tuesday, July 21st. BMO Capital Markets initiated coverage on shares of LXP Industrial Trust in a research note on Thursday, July 9th. They set an “outperform” rating and a $65.00 target price for the company. Weiss Ratings raised LXP Industrial Trust from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 15th. Finally, Raymond James Financial began coverage on LXP Industrial Trust in a research note on Wednesday, June 17th. They issued a “market perform” rating on the stock. Three research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $55.20.

About LXP Industrial Trust

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.