Jupiter Topco LLC Acquires New Stake in LXP Industrial Trust $LXP

Jupiter Topco LLC acquired a new stake in LXP Industrial Trust (NYSE:LXP) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 26,868 shares of the real estate investment trust’s stock, valued at approximately $1,446,000.

Other hedge funds have also recently made changes to their positions in the company. Balyasny Asset Management L.P. grew its stake in shares of LXP Industrial Trust by 269.0% during the 2nd quarter. Balyasny Asset Management L.P. now owns 6,432,356 shares of the real estate investment trust’s stock worth $53,131,000 after purchasing an additional 4,688,972 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in LXP Industrial Trust by 468.5% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,057,488 shares of the real estate investment trust’s stock worth $18,435,000 after buying an additional 1,695,558 shares in the last quarter. Qube Research & Technologies Ltd boosted its holdings in LXP Industrial Trust by 359.3% during the second quarter. Qube Research & Technologies Ltd now owns 1,918,740 shares of the real estate investment trust’s stock worth $15,849,000 after buying an additional 1,501,010 shares in the last quarter. Norges Bank acquired a new stake in LXP Industrial Trust during the fourth quarter valued at $59,953,000. Finally, Jane Street Group LLC grew its position in LXP Industrial Trust by 6,092.1% during the first quarter. Jane Street Group LLC now owns 948,134 shares of the real estate investment trust’s stock valued at $8,201,000 after buying an additional 932,822 shares during the period. 93.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on LXP shares. BMO Capital Markets started coverage on shares of LXP Industrial Trust in a research report on Thursday, July 9th. They issued an “outperform” rating and a $65.00 price objective for the company. Weiss Ratings upgraded LXP Industrial Trust from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, June 15th. Wall Street Zen downgraded LXP Industrial Trust from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Evercore set a $54.00 price objective on LXP Industrial Trust in a report on Monday, June 8th. Finally, Citigroup restated an “outperform” rating on shares of LXP Industrial Trust in a research report on Thursday, July 16th. Two analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $57.40.

LXP Industrial Trust Trading Up 0.1%

Shares of LXP stock opened at $60.80 on Friday. LXP Industrial Trust has a fifty-two week low of $43.97 and a fifty-two week high of $61.61. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.10 and a current ratio of 0.10. The stock’s fifty day moving average is $59.22 and its two-hundred day moving average is $53.30. The firm has a market capitalization of $3.58 billion, a P/E ratio of 60.80 and a beta of 1.02.

LXP Industrial Trust (NYSE:LXP) last issued 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. The business had revenue of $88.11 million during the quarter, compared to analysts’ expectations of $85.37 million. LXP Industrial Trust had a net margin of 18.66% and a return on equity of 3.37%. The company’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.16 earnings per share. Research analysts expect that LXP Industrial Trust will post 3.35 earnings per share for the current fiscal year.

LXP Industrial Trust Announces Dividend

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

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.