Public Employees Retirement System of Ohio Invests $5.69 Million in LXP Industrial Trust $LXP

Public Employees Retirement System of Ohio purchased a new stake in LXP Industrial Trust (NYSE:LXP) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 105,607 shares of the real estate investment trust’s stock, valued at approximately $5,690,000. Public Employees Retirement System of Ohio owned about 0.18% of LXP Industrial Trust at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new position in shares of LXP Industrial Trust during the 3rd quarter valued at about $26,000. EverSource Wealth Advisors LLC increased its position in shares of LXP Industrial Trust by 101.7% during the second quarter. EverSource Wealth Advisors LLC now owns 3,481 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 1,755 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of LXP Industrial Trust by 82.0% during the second quarter. Geneos Wealth Management Inc. now owns 3,623 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 1,632 shares during the period. IFP Advisors Inc boosted its stake in LXP Industrial Trust by 63.8% in the 4th quarter. IFP Advisors Inc now owns 837 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 326 shares during the period. Finally, Allworth Financial LP acquired a new position in LXP Industrial Trust in the 2nd quarter worth $78,000. 93.52% of the stock is currently owned by institutional investors and hedge funds.

LXP Industrial Trust Price Performance

Shares of LXP opened at $60.77 on Thursday. The company’s 50-day moving average is $58.98 and its 200-day moving average is $53.15. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.10 and a quick ratio of 0.10. The firm has a market capitalization of $3.58 billion, a PE ratio of 60.77 and a beta of 1.02. LXP Industrial Trust has a fifty-two week low of $43.97 and a fifty-two week high of $61.61.

LXP Industrial Trust (NYSE:LXP) last announced its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.01. The business had revenue of $88.11 million for the quarter, compared to analyst estimates of $85.37 million. LXP Industrial Trust had a net margin of 18.66% and a return on equity of 3.37%. LXP Industrial Trust’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.16 EPS. Equities analysts forecast that LXP Industrial Trust will post 3.35 EPS for the current year.

LXP Industrial Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Tuesday, June 30th. LXP Industrial Trust’s dividend payout ratio (DPR) is currently 280.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Evercore set a $54.00 price target on LXP Industrial Trust in a research report on Monday, June 8th. Weiss Ratings upgraded shares of LXP Industrial Trust from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 15th. Citizens Jmp downgraded shares of LXP Industrial Trust from a “market outperform” rating to a “hold” rating in a research report on Tuesday, July 21st. Jefferies Financial Group lowered shares of LXP Industrial Trust from a “buy” rating to a “hold” rating and lowered their price target for the company from $62.00 to $61.00 in a research note on Thursday, August 6th. Finally, Wall Street Zen cut shares of LXP Industrial Trust from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Two investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, LXP Industrial Trust presently has an average rating of “Hold” and an average target price of $57.40.

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.