William Blair Investment Management LLC Invests $26.54 Million in LXP Industrial Trust $LXP

William Blair Investment Management LLC bought a new stake in shares of LXP Industrial Trust (NYSE:LXP) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 492,480 shares of the real estate investment trust’s stock, valued at approximately $26,535,000.

A number of other institutional investors have also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in LXP Industrial Trust by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 172,981 shares of the real estate investment trust’s stock worth $1,496,000 after acquiring an additional 7,577 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in LXP Industrial Trust during the first quarter valued at approximately $129,000. Goldman Sachs Group Inc. lifted its stake in shares of LXP Industrial Trust by 14.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,717,830 shares of the real estate investment trust’s stock valued at $32,159,000 after purchasing an additional 458,195 shares during the last quarter. United Services Automobile Association bought a new stake in shares of LXP Industrial Trust in the 1st quarter valued at approximately $158,000. Finally, Jane Street Group LLC lifted its stake in shares of LXP Industrial Trust by 6,092.1% in the 1st quarter. Jane Street Group LLC now owns 948,134 shares of the real estate investment trust’s stock valued at $8,201,000 after purchasing an additional 932,822 shares during the last quarter. Institutional investors own 93.52% of the company’s stock.

Analyst Upgrades and Downgrades

LXP has been the topic of several analyst reports. KeyCorp reissued a “sector weight” rating on shares of LXP Industrial Trust in a research report on Tuesday, June 9th. Raymond James Financial started coverage on LXP Industrial Trust in a research report on Wednesday, June 17th. They issued a “market perform” rating for the company. Weiss Ratings upgraded LXP Industrial Trust from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 15th. Citizens Jmp lowered shares of LXP Industrial Trust from a “market outperform” rating to a “hold” rating in a research note on Tuesday, July 21st. Finally, Evercore set a $54.00 price objective on shares of LXP Industrial Trust in a research report on Monday, June 8th. Two equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $57.40.

LXP Industrial Trust Stock Performance

LXP Industrial Trust stock opened at $60.92 on Friday. 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 $3.59 billion, a P/E ratio of 60.92 and a beta of 1.02. LXP Industrial Trust has a 1-year low of $43.27 and a 1-year high of $61.61. The company’s 50-day moving average is $57.80 and its 200 day moving average is $52.56.

LXP Industrial Trust (NYSE:LXP) last announced its earnings results on Wednesday, July 29th. The real estate investment trust reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.01. The business had revenue of $88.11 million during the quarter, compared to analyst estimates of $85.37 million. LXP Industrial Trust had a return on equity of 3.37% and a net margin of 18.66%.The company’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.16 earnings per share. Research analysts forecast that LXP Industrial Trust will post 3.34 EPS for the current year.

LXP Industrial Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend 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%.

LXP Industrial Trust Company 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.