Intrua Financial LLC lessened its stake in LXP Industrial Trust (NYSE:LXP – Free Report) by 80.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,197 shares of the real estate investment trust’s stock after selling 21,139 shares during the quarter. Intrua Financial LLC’s holdings in LXP Industrial Trust were worth $258,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in LXP. Caitong International Asset Management Co. Ltd purchased a new position in LXP Industrial Trust in the 3rd quarter worth about $26,000. EverSource Wealth Advisors LLC grew its holdings in LXP Industrial Trust by 101.7% during the 2nd 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. grew its holdings in LXP Industrial Trust by 82.0% during the 2nd 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 in the last quarter. EQ Wealth Advisors LLC bought a new position in LXP Industrial Trust during the 4th quarter worth about $34,000. Finally, Allworth Financial LP grew its holdings in LXP Industrial Trust by 5.9% during the 3rd quarter. Allworth Financial LP now owns 5,969 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 332 shares in the last quarter. Hedge funds and other institutional investors own 93.52% of the company’s stock.
Wall Street Analysts Forecast Growth
LXP has been the topic of several recent research reports. Evercore set a $51.00 target price on shares of LXP Industrial Trust in a report on Friday, February 13th. Citigroup reiterated an “outperform” rating on shares of LXP Industrial Trust in a report on Friday, February 13th. JPMorgan Chase & Co. dropped their target price on shares of LXP Industrial Trust from $50.00 to $49.00 and set a “neutral” rating on the stock in a report on Thursday, March 5th. Wall Street Zen cut shares of LXP Industrial Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Finally, Weiss Ratings cut shares of LXP Industrial Trust from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 1st. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $51.88.
LXP Industrial Trust Stock Down 0.1%
NYSE:LXP opened at $51.47 on Wednesday. LXP Industrial Trust has a fifty-two week low of $38.20 and a fifty-two week high of $52.79. The stock has a market capitalization of $3.03 billion, a P/E ratio of 34.78 and a beta of 1.06. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.21 and a current ratio of 0.21. The company’s 50-day simple moving average is $49.16 and its 200-day simple moving average is $48.84.
LXP Industrial Trust (NYSE:LXP – Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.80 earnings per share for the quarter. LXP Industrial Trust had a net margin of 27.05% and a return on equity of 4.80%. The business had revenue of $85.95 million for the quarter, compared to analysts’ expectations of $81.47 million. During the same period last year, the business earned $0.16 EPS. The company’s revenue was down 3.3% 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 anticipate that LXP Industrial Trust will post 3.31 earnings per share for the current fiscal year.
LXP Industrial Trust Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date was Tuesday, March 31st. LXP Industrial Trust’s dividend payout ratio (DPR) is currently 189.19%.
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.
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