Public Employees Retirement System of Ohio Sells 14,177 Shares of LXP Industrial Trust $LXP

Public Employees Retirement System of Ohio decreased its stake in shares of LXP Industrial Trust (NYSE:LXP) by 17.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 67,573 shares of the real estate investment trust’s stock after selling 14,177 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.11% of LXP Industrial Trust worth $3,126,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Balyasny Asset Management L.P. boosted its holdings in shares of LXP Industrial Trust by 269.0% in the 2nd quarter. Balyasny Asset Management L.P. now owns 6,432,356 shares of the real estate investment trust’s stock valued at $53,131,000 after buying an additional 4,688,972 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in LXP Industrial Trust by 3.5% during the third quarter. Dimensional Fund Advisors LP now owns 4,311,597 shares of the real estate investment trust’s stock worth $38,633,000 after buying an additional 145,951 shares during the last quarter. Goldman Sachs Group Inc. raised its position in LXP Industrial Trust by 14.1% during the first quarter. Goldman Sachs Group Inc. now owns 3,717,830 shares of the real estate investment trust’s stock worth $32,159,000 after acquiring an additional 458,195 shares in the last quarter. Qube Research & Technologies Ltd raised its position in LXP Industrial Trust by 48.6% during the third quarter. Qube Research & Technologies Ltd now owns 2,850,940 shares of the real estate investment trust’s stock worth $25,544,000 after acquiring an additional 932,200 shares in the last quarter. Finally, UBS Group AG raised its position in LXP Industrial Trust by 59.2% during the third quarter. UBS Group AG now owns 2,452,515 shares of the real estate investment trust’s stock worth $21,975,000 after acquiring an additional 911,566 shares in the last quarter. Institutional investors own 93.52% of the company’s stock.

LXP Industrial Trust Price Performance

LXP Industrial Trust stock opened at $60.54 on Friday. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of 60.54 and a beta of 1.04. The company has a current ratio of 0.10, a quick ratio of 0.21 and a debt-to-equity ratio of 0.19. LXP Industrial Trust has a 12 month low of $38.20 and a 12 month high of $61.61. The stock’s 50 day moving average is $55.18 and its 200-day moving average is $51.43.

LXP Industrial Trust (NYSE:LXP) last released its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.80 earnings per share for the quarter. The business had revenue of $85.95 million during the quarter, compared to analysts’ expectations of $81.47 million. LXP Industrial Trust had a return on equity of 3.37% and a net margin of 18.66%.The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period last year, the firm posted $0.16 EPS. Equities research analysts expect that LXP Industrial Trust will post 3.34 EPS for the current year.

LXP Industrial Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $0.70 dividend. 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 is currently 280.00%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Citigroup reissued an “outperform” rating on shares of LXP Industrial Trust in a research report on Thursday, July 16th. Raymond James Financial began coverage on shares of LXP Industrial Trust in a report on Wednesday, June 17th. They issued a “market perform” rating on the stock. Citizens Jmp downgraded shares of LXP Industrial Trust from a “market outperform” rating to a “hold” rating in a research note on Tuesday, July 21st. Evercore set a $54.00 price target on LXP Industrial Trust in a report on Monday, June 8th. Finally, Wall Street Zen downgraded LXP Industrial Trust from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, LXP Industrial Trust presently has a consensus rating of “Hold” and an average price target of $55.20.

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.