Jupiter Asset Management Ltd. bought a new stake in shares of LXP Industrial Trust (NYSE:LXP – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 38,661 shares of the real estate investment trust’s stock, valued at approximately $1,917,000. Jupiter Asset Management Ltd. owned about 0.07% of LXP Industrial Trust at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in LXP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in LXP Industrial Trust by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 172,981 shares of the real estate investment trust’s stock valued at $1,496,000 after purchasing an additional 7,577 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in LXP Industrial Trust during the 1st quarter valued at $129,000. Goldman Sachs Group Inc. boosted its stake in LXP Industrial Trust by 14.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,717,830 shares of the real estate investment trust’s stock valued at $32,159,000 after purchasing an additional 458,195 shares during the last quarter. United Services Automobile Association purchased a new stake in LXP Industrial Trust during the 1st quarter valued at $158,000. Finally, Jane Street Group LLC boosted its stake in LXP Industrial Trust by 6,092.1% during the 1st quarter. Jane Street Group LLC now owns 948,134 shares of the real estate investment trust’s stock valued at $8,201,000 after purchasing an additional 932,822 shares during the last quarter. 93.52% of the stock is currently owned by hedge funds and other institutional investors.
LXP Industrial Trust Price Performance
NYSE LXP opened at $51.71 on Friday. The company has a market capitalization of $3.05 billion, a PE ratio of 34.94 and a beta of 1.06. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.21 and a current ratio of 0.21. The business’s fifty day moving average is $49.90 and its 200 day moving average is $49.08. LXP Industrial Trust has a fifty-two week low of $38.20 and a fifty-two week high of $53.16.
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 given a dividend of $0.70 per share. The ex-dividend date was Tuesday, March 31st. This represents a $2.80 annualized dividend and a yield of 5.4%. LXP Industrial Trust’s payout ratio is 189.19%.
Wall Street Analysts Forecast Growth
LXP has been the topic of several recent analyst reports. Evercore set a $51.00 target price on LXP Industrial Trust in a research note on Friday, February 13th. Weiss Ratings downgraded LXP Industrial Trust from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Wall Street Zen lowered LXP Industrial Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. JPMorgan Chase & Co. cut their price objective on LXP Industrial Trust from $50.00 to $49.00 and set a “neutral” rating for the company in a report on Thursday, March 5th. Finally, Citigroup reaffirmed an “outperform” rating on shares of LXP Industrial Trust in a report on Friday, February 13th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $51.88.
Check Out Our Latest Report on LXP Industrial Trust
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.
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