Sumitomo Mitsui Trust Group Inc. Sells 4,673,538 Shares of LXP Industrial Trust $LXP

Sumitomo Mitsui Trust Group Inc. trimmed its position in LXP Industrial Trust (NYSE:LXP) by 80.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,123,580 shares of the real estate investment trust’s stock after selling 4,673,538 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in LXP Industrial Trust were worth $55,707,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd bought a new stake in LXP Industrial Trust in the 3rd quarter valued at about $26,000. EverSource Wealth Advisors LLC lifted its position in LXP Industrial Trust by 101.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,481 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 1,755 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in LXP Industrial Trust by 82.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 3,623 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 1,632 shares in the last quarter. Allworth Financial LP lifted its position in LXP Industrial Trust by 5.9% in the 3rd quarter. Allworth Financial LP now owns 5,969 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 332 shares in the last quarter. Finally, Synergy Asset Management LLC bought a new position in LXP Industrial Trust in the 4th quarter valued at about $310,000. 93.52% of the stock is owned by institutional investors.

LXP Industrial Trust Price Performance

LXP Industrial Trust stock opened at $49.62 on Thursday. LXP Industrial Trust has a 52 week low of $37.30 and a 52 week high of $52.52. The company’s 50 day moving average price is $48.26 and its two-hundred day moving average price is $48.11. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.18. The stock has a market cap of $2.93 billion, a P/E ratio of 27.42 and a beta of 1.09.

LXP Industrial Trust (NYSE:LXP) last posted its earnings results on Thursday, February 12th. The real estate investment trust reported $0.79 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.06). LXP Industrial Trust had a return on equity of 5.70% and a net margin of 32.27%.The firm had revenue of $86.74 million for the quarter, compared to the consensus estimate of $86.05 million. During the same period in the prior year, the business earned $0.16 EPS. LXP Industrial Trust’s quarterly revenue was down 14.0% compared to the same quarter last year. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. On average, equities analysts predict that LXP Industrial Trust will post 0.63 earnings per share for the current year.

LXP Industrial Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.80 annualized dividend and a dividend yield of 5.6%. LXP Industrial Trust’s dividend payout ratio (DPR) is currently 154.70%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. dropped their price target on shares of LXP Industrial Trust from $50.00 to $49.00 and set a “neutral” rating on the stock in a research report on Thursday, March 5th. Citigroup reaffirmed an “outperform” rating on shares of LXP Industrial Trust in a research report on Friday, February 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of LXP Industrial Trust in a research report on Friday, April 10th. Evercore set a $51.00 price target on shares of LXP Industrial Trust in a research report on Friday, February 13th. Finally, Wall Street Zen raised shares of LXP Industrial Trust from a “sell” rating to a “hold” rating in a research report on Sunday, April 5th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, LXP Industrial Trust presently has a consensus rating of “Hold” and an average price target of $51.50.

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.