Bailard Inc. trimmed its holdings in LXP Industrial Trust (NYSE:LXP – Free Report) by 68.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,156 shares of the real estate investment trust’s stock after selling 11,143 shares during the quarter. Bailard Inc.’s holdings in LXP Industrial Trust were worth $256,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Xponance Inc. lifted its holdings 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. Allworth Financial LP lifted its holdings 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. Choreo LLC lifted its holdings 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. Finally, Arizona State Retirement System raised its holdings in LXP Industrial Trust by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 87,517 shares of the real estate investment trust’s stock worth $784,000 after buying an additional 1,211 shares during the period. 93.52% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms have issued reports on LXP. Wall Street Zen downgraded LXP Industrial Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Evercore set a $51.00 price objective on LXP Industrial Trust in a report on Friday, February 13th. JPMorgan Chase & Co. cut their price objective on LXP Industrial Trust from $50.00 to $49.00 and set a “neutral” rating on the stock in a report on Thursday, March 5th. Weiss Ratings downgraded LXP Industrial Trust from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 1st. Finally, Citigroup restated an “outperform” rating on shares of LXP Industrial Trust in a report on Friday, February 13th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, LXP Industrial Trust has a consensus rating of “Hold” and a consensus target price of $51.88.
LXP Industrial Trust Trading Down 1.2%
Shares of NYSE LXP opened at $50.83 on Friday. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 34.34 and a beta of 1.06. The business has a 50 day simple moving average of $49.03 and a 200 day simple moving average of $48.78. LXP Industrial Trust has a 52 week low of $38.20 and a 52 week high of $52.79. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.21 and a current ratio of 0.21.
LXP Industrial Trust (NYSE:LXP – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.80 EPS 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 4.80% and a net margin of 27.05%.The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.16 EPS. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. On average, research analysts predict 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. Investors of record on Tuesday, March 31st were paid a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.80 annualized dividend and a dividend yield of 5.5%. LXP Industrial Trust’s payout ratio is presently 189.19%.
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.
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