Hsbc Holdings PLC Takes Position in LXP Industrial Trust $LXP

Hsbc Holdings PLC purchased a new position in LXP Industrial Trust (NYSE:LXP) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 151,067 shares of the real estate investment trust’s stock, valued at approximately $8,147,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new position in LXP Industrial Trust in the 3rd quarter valued at $26,000. EverSource Wealth Advisors LLC grew its holdings 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 buying an additional 1,755 shares in the last quarter. Geneos Wealth Management Inc. grew 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 buying an additional 1,632 shares in the last quarter. EQ Wealth Advisors LLC purchased a new stake in shares of LXP Industrial Trust during the fourth quarter worth $34,000. Finally, IFP Advisors Inc raised its position in shares of LXP Industrial Trust by 63.8% in the fourth quarter. IFP Advisors Inc now owns 837 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 326 shares during the last quarter. 93.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of LXP Industrial Trust from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. Weiss Ratings raised shares of LXP Industrial Trust from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, June 15th. Citizens Jmp downgraded shares of LXP Industrial Trust from a “market outperform” rating to a “hold” rating in a report on Tuesday, July 21st. Citigroup reissued an “outperform” rating on shares of LXP Industrial Trust in a research note on Thursday, July 16th. Finally, KeyCorp restated a “sector weight” rating on shares of LXP Industrial Trust in a report on Tuesday, June 9th. Two research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $57.40.

LXP Industrial Trust Stock Down 0.6%

NYSE LXP opened at $60.71 on Friday. LXP Industrial Trust has a 52 week low of $43.97 and a 52 week high of $61.61. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.19. The business’s fifty day simple moving average is $58.58 and its 200-day simple moving average is $52.92. The firm has a market cap of $3.58 billion, a PE ratio of 60.71 and a beta of 1.02.

LXP Industrial Trust (NYSE:LXP) last released its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.01. LXP Industrial Trust had a net margin of 18.66% and a return on equity of 3.37%. The firm had revenue of $88.11 million during the quarter, compared to analysts’ expectations of $85.37 million. During the same period last year, the business earned $0.16 earnings per share. LXP Industrial Trust’s revenue was up .4% compared to the same quarter last year. As a group, equities analysts anticipate that LXP Industrial Trust will post 3.34 earnings per share for the current year.

LXP Industrial Trust Dividend Announcement

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

LXP Industrial Trust Profile

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.