Eurizon Capital SGR S.p.A. purchased a new position in shares of LXP Industrial Trust (NYSE:LXP – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 23,579 shares of the real estate investment trust’s stock, valued at approximately $1,169,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Caitong International Asset Management Co. Ltd bought a new position in LXP Industrial Trust during the third quarter valued at about $26,000. EverSource Wealth Advisors LLC lifted its position in shares of LXP Industrial Trust by 101.7% in the second quarter. EverSource Wealth Advisors LLC now owns 3,481 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 1,755 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake 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 worth $30,000 after acquiring an additional 1,632 shares in the last quarter. EQ Wealth Advisors LLC acquired a new position in shares of LXP Industrial Trust during the 4th quarter valued at about $34,000. Finally, IFP Advisors Inc increased its holdings in shares of LXP Industrial Trust by 63.8% during 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. Institutional investors own 93.52% of the company’s stock.
LXP Industrial Trust Price Performance
Shares of NYSE:LXP opened at $50.41 on Wednesday. The business has a 50 day moving average price of $49.94 and a 200 day moving average price of $49.38. LXP Industrial Trust has a twelve month low of $38.20 and a twelve month high of $53.16. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 34.06 and a beta of 1.05. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.18.
LXP Industrial Trust Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 5.6%. The ex-dividend date was Tuesday, March 31st. LXP Industrial Trust’s dividend payout ratio is presently 189.19%.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on LXP. Wall Street Zen lowered LXP Industrial Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Evercore set a $51.00 price target on LXP Industrial Trust in a report on Friday, February 13th. Weiss Ratings cut shares of LXP Industrial Trust from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Citigroup reaffirmed an “outperform” rating on shares of LXP Industrial Trust in a report on Friday, February 13th. Finally, JPMorgan Chase & Co. lowered their target price on shares of LXP Industrial Trust from $50.00 to $49.00 and set a “neutral” rating on the stock in a research note on Thursday, March 5th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $51.88.
Read Our Latest Stock Analysis on LXP Industrial Trust
LXP Industrial Trust 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.
Featured Articles
- Five stocks we like better than LXP Industrial Trust
- Marvell Stock Soars on NVIDIA’s Trillion-Dollar Nod
- FirstCash Turns Pawn Into a Growth Machine
- HubSpot Just Crushed the Bear CaseāIs a Bigger Rally Ahead?
- Aggressive Insider Buying Signals Opportunity in 3 Risky Stocks
Want to see what other hedge funds are holding LXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LXP Industrial Trust (NYSE:LXP – Free Report).
Receive News & Ratings for LXP Industrial Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LXP Industrial Trust and related companies with MarketBeat.com's FREE daily email newsletter.
