Kennedy Capital Management LLC acquired a new stake in LXP Industrial Trust (NYSE:LXP – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 318,409 shares of the real estate investment trust’s stock, valued at approximately $15,787,000. Kennedy Capital Management LLC owned about 0.54% of LXP Industrial Trust at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. Xponance Inc. grew its stake in LXP Industrial Trust by 0.9% in the 3rd quarter. Xponance Inc. now owns 24,780 shares of the real estate investment trust’s stock valued at $222,000 after acquiring an additional 216 shares during the last quarter. IFP Advisors Inc grew its stake in LXP Industrial Trust by 63.8% in the 4th quarter. IFP Advisors Inc now owns 837 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 326 shares during the last quarter. Allworth Financial LP grew its stake 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 during the last quarter. EQ Wealth Advisors LLC acquired a new stake in LXP Industrial Trust in the 4th quarter valued at about $34,000. Finally, Choreo LLC grew its stake in LXP Industrial Trust by 3.0% in the 3rd quarter. Choreo LLC now owns 29,751 shares of the real estate investment trust’s stock valued at $271,000 after acquiring an additional 854 shares during the last quarter. 93.52% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
LXP has been the topic of a number of research reports. Evercore set a $54.00 price objective on shares of LXP Industrial Trust in a research note on Monday, June 8th. JPMorgan Chase & Co. lowered their price objective on shares of LXP Industrial Trust from $50.00 to $49.00 and set a “neutral” rating on the stock in a research note on Thursday, March 5th. KeyCorp reissued a “sector weight” rating on shares of LXP Industrial Trust in a research note on Tuesday. Weiss Ratings cut shares of LXP Industrial Trust from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Finally, Citigroup reissued a “market outperform” rating on shares of LXP Industrial Trust in a research note on Wednesday, June 3rd. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, LXP Industrial Trust presently has an average rating of “Hold” and a consensus price target of $52.63.
LXP Industrial Trust Price Performance
LXP Industrial Trust stock opened at $53.11 on Friday. LXP Industrial Trust has a 12-month low of $38.20 and a 12-month high of $53.63. The stock has a market capitalization of $3.13 billion, a P/E ratio of 35.89 and a beta of 1.05. The firm’s 50-day moving average is $50.92 and its two-hundred day moving average is $49.72. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.21 and a quick ratio of 0.21.
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 (EPS) for the quarter. LXP Industrial Trust had a net margin of 27.05% and a return on equity of 4.80%. The company had revenue of $85.95 million for the quarter, compared to analysts’ expectations of $81.47 million. During the same period last year, the company earned $0.16 EPS. The firm’s revenue for the quarter 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. Equities analysts predict that LXP Industrial Trust will post 3.33 earnings per share for the current year.
LXP Industrial Trust Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend was Tuesday, March 31st. LXP Industrial Trust’s dividend payout ratio (DPR) is currently 189.19%.
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.
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