LXP Industrial Trust $LXP Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC trimmed its position in LXP Industrial Trust (NYSE:LXP) by 7.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,541,020 shares of the real estate investment trust’s stock after selling 292,676 shares during the quarter. William Blair Investment Management LLC’s holdings in LXP Industrial Trust were worth $29,249,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Signaturefd LLC boosted its holdings in LXP Industrial Trust by 678.3% in the 1st 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 last quarter. Principal Financial Group Inc. boosted its holdings in LXP Industrial Trust by 3.1% in the 1st 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 last quarter. Allspring Global Investments Holdings LLC boosted its holdings in LXP Industrial Trust by 33.1% in the 1st 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 last quarter. Teacher Retirement System of Texas boosted its holdings in LXP Industrial Trust by 102.0% in the 1st 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 last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of LXP Industrial Trust by 3,263.1% in the 1st quarter. Bessemer Group Inc. now owns 20,246 shares of the real estate investment trust’s stock worth $175,000 after acquiring an additional 19,644 shares during the last quarter. 93.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

LXP Industrial Trust Price Performance

Shares of LXP opened at $9.46 on Monday. LXP Industrial Trust has a fifty-two week low of $6.85 and a fifty-two week high of $9.95. The firm’s 50 day moving average price is $8.99 and its 200 day moving average price is $8.47. The company has a market cap of $2.80 billion, a P/E ratio of 33.78 and a beta of 1.05. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.18.

LXP Industrial Trust (NYSE:LXP) last announced its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.16 earnings per share for the quarter, hitting the consensus estimate 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 period in the prior year, the firm earned $0.16 EPS. The firm’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. On average, research analysts forecast that LXP Industrial Trust will post 0.63 earnings per share for the current fiscal year.

LXP Industrial Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend was Tuesday, September 30th. LXP Industrial Trust’s dividend payout ratio is presently 192.86%.

LXP Industrial Trust 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.