Magnus Financial Group LLC Has $929,000 Stock Position in LXP Industrial Trust $LXP

Magnus Financial Group LLC lifted its stake in shares of LXP Industrial Trust (NYSE:LXP) by 3.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 112,518 shares of the real estate investment trust’s stock after buying an additional 3,840 shares during the period. Magnus Financial Group LLC’s holdings in LXP Industrial Trust were worth $929,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in LXP Industrial Trust by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 46,064,359 shares of the real estate investment trust’s stock worth $398,457,000 after acquiring an additional 214,696 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of LXP Industrial Trust by 7.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 5,738,916 shares of the real estate investment trust’s stock worth $49,642,000 after purchasing an additional 407,059 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of LXP Industrial Trust by 55.9% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,836,743 shares of the real estate investment trust’s stock worth $41,838,000 after purchasing an additional 1,733,329 shares during the last quarter. Centersquare Investment Management LLC increased its stake in shares of LXP Industrial Trust by 1,103.9% in the first quarter. Centersquare Investment Management LLC now owns 4,271,470 shares of the real estate investment trust’s stock valued at $36,948,000 after buying an additional 3,916,670 shares during the period. Finally, Northern Trust Corp raised its holdings in LXP Industrial Trust by 0.3% in the 1st quarter. Northern Trust Corp now owns 4,215,880 shares of the real estate investment trust’s stock valued at $36,467,000 after buying an additional 14,456 shares during the last quarter. 93.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Wolfe Research began coverage on shares of LXP Industrial Trust in a research report on Friday, August 22nd. They issued an “outperform” rating and a $10.00 price target for the company. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $10.00.

LXP Industrial Trust Stock Performance

NYSE:LXP opened at $9.14 on Friday. The company has a market capitalization of $2.70 billion, a PE ratio of 32.63 and a beta of 1.06. The company has a 50 day simple moving average of $8.62 and a two-hundred day simple moving average of $8.44. 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 fifty-two week low of $6.85 and a fifty-two week high of $10.28.

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

LXP Industrial Trust Announces Dividend

The firm 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. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.54 annualized dividend and a dividend yield of 5.9%. LXP Industrial Trust’s dividend payout ratio (DPR) is 192.86%.

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.