Fox Run Management L.L.C. Has $247,000 Stake in LXP Industrial Trust $LXP

Fox Run Management L.L.C. raised its position in LXP Industrial Trust (NYSE:LXP) by 135.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,503 shares of the real estate investment trust’s stock after buying an additional 16,372 shares during the quarter. Fox Run Management L.L.C.’s holdings in LXP Industrial Trust were worth $247,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its stake in LXP Industrial Trust by 21.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 68,937 shares of the real estate investment trust’s stock valued at $560,000 after acquiring an additional 12,225 shares during the last quarter. Bank of Montreal Can lifted its stake in LXP Industrial Trust by 16.4% during the fourth quarter. Bank of Montreal Can now owns 37,386 shares of the real estate investment trust’s stock worth $304,000 after purchasing an additional 5,277 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of LXP Industrial Trust in the 4th quarter valued at $359,000. Sterling Capital Management LLC increased its stake in shares of LXP Industrial Trust by 805.0% in the 4th quarter. Sterling Capital Management LLC now owns 9,159 shares of the real estate investment trust’s stock valued at $74,000 after purchasing an additional 8,147 shares during the last quarter. Finally, Townsquare Capital LLC acquired a new position in shares of LXP Industrial Trust during the 4th quarter worth $82,000. Institutional investors own 93.52% of the company’s stock.

LXP Industrial Trust Stock Up 0.6%

Shares of LXP opened at $8.7050 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.13 and a current ratio of 0.13. LXP Industrial Trust has a 52 week low of $6.85 and a 52 week high of $10.44. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of 31.09 and a beta of 1.01. The stock has a fifty day moving average of $8.31 and a 200-day moving average of $8.37.

LXP Industrial Trust (NYSE:LXP) last issued its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. LXP Industrial Trust had a return on equity of 4.34% and a net margin of 24.07%.The business had revenue of $86.74 million for the quarter, compared to analyst estimates of $87.25 million. During the same quarter in the previous year, the company posted $0.16 EPS. LXP Industrial Trust’s quarterly revenue was up 2.2% compared to the same quarter last year. LXP Industrial Trust has set its FY 2025 guidance at 0.620-0.640 EPS. As a group, sell-side analysts anticipate that LXP Industrial Trust will post 0.63 earnings per share for the current fiscal year.

LXP Industrial Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a $0.135 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.54 annualized dividend and a dividend yield of 6.2%. LXP Industrial Trust’s dividend payout ratio is currently 192.86%.

Analysts Set New Price Targets

A number of research firms have recently commented on LXP. KeyCorp lowered their price target on LXP Industrial Trust from $11.00 to $10.00 and set an “overweight” rating for the company in a report on Friday, May 2nd. JMP Securities reiterated a “market perform” rating on shares of LXP Industrial Trust in a research report on Monday, May 5th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $10.50.

LXP Industrial Trust Company Profile

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.