LXP Industrial Trust $LXP Shares Bought by Inspire Investing LLC

Inspire Investing LLC raised its position in LXP Industrial Trust (NYSE:LXP) by 19.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm 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 reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Signaturefd LLC lifted its stake in shares of LXP Industrial Trust by 678.3% in the first quarter. Signaturefd LLC now owns 6,281 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 5,474 shares during the period. Principal Financial Group Inc. lifted its stake in shares of LXP Industrial Trust by 3.1% in the first quarter. Principal Financial Group Inc. now owns 1,472,285 shares of the real estate investment trust’s stock valued at $12,735,000 after purchasing an additional 44,233 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of LXP Industrial Trust by 33.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 27,319 shares of the real estate investment trust’s stock valued at $236,000 after purchasing an additional 6,800 shares during the period. Teacher Retirement System of Texas lifted its stake in shares of LXP Industrial Trust by 102.0% in the first quarter. Teacher Retirement System of Texas now owns 135,450 shares of the real estate investment trust’s stock valued at $1,172,000 after purchasing an additional 68,399 shares during the period. Finally, Bessemer Group Inc. lifted its stake in shares of LXP Industrial Trust by 3,263.1% in the first quarter. Bessemer Group Inc. now owns 20,246 shares of the real estate investment trust’s stock valued at $175,000 after purchasing an additional 19,644 shares during the period. Institutional investors and hedge funds own 93.52% of the company’s stock.

LXP Industrial Trust Stock Up 1.8%

Shares of NYSE LXP opened at $8.97 on Tuesday. LXP Industrial Trust has a 12-month low of $6.85 and a 12-month high of $9.95. The company has a market capitalization of $2.65 billion, a PE ratio of 32.04 and a beta of 1.05. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.13 and a quick ratio of 0.13. The firm’s 50-day moving average is $8.89 and its two-hundred day moving average is $8.45.

LXP Industrial Trust (NYSE:LXP) last announced its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. The company had revenue of $86.74 million for 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%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.16 earnings per share. LXP Industrial Trust has set its FY 2025 guidance at 0.620-0.640 EPS. Equities analysts anticipate that LXP Industrial Trust will post 0.63 EPS for the current fiscal year.

LXP Industrial Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend is Tuesday, September 30th. LXP Industrial Trust’s payout ratio is currently 192.86%.

Analysts Set New Price Targets

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

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.