Oregon Public Employees Retirement Fund Reduces Holdings in LXP Industrial Trust $LXP

Oregon Public Employees Retirement Fund reduced its holdings in shares of LXP Industrial Trust (NYSE:LXPFree Report) by 79.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 13,510 shares of the real estate investment trust’s stock after selling 53,080 shares during the period. Oregon Public Employees Retirement Fund’s holdings in LXP Industrial Trust were worth $670,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new position in shares of LXP Industrial Trust during the 3rd quarter worth approximately $26,000. EverSource Wealth Advisors LLC increased its stake in shares of 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 purchasing an additional 1,755 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of 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 purchasing an additional 1,632 shares in the last quarter. EQ Wealth Advisors LLC purchased a new position in shares of LXP Industrial Trust during the 4th quarter worth approximately $34,000. Finally, Allworth Financial LP increased its stake in shares of 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 purchasing an additional 332 shares in the last quarter. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LXP. Citigroup reissued an “outperform” rating on shares of LXP Industrial Trust in a research note on Friday, February 13th. JPMorgan Chase & Co. dropped their price objective on LXP Industrial Trust from $50.00 to $49.00 and set a “neutral” rating for the company in a research report on Thursday, March 5th. Evercore set a $51.00 price objective on LXP Industrial Trust in a research report on Friday, February 13th. Wall Street Zen cut LXP Industrial Trust from a “hold” rating to a “sell” rating in a research 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 research note on Friday, May 1st. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, LXP Industrial Trust presently has an average rating of “Hold” and a consensus price target of $51.88.

Read Our Latest Research Report on LXP Industrial Trust

LXP Industrial Trust Stock Down 0.1%

LXP stock opened at $51.47 on Wednesday. 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 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 50 day moving average price of $49.16 and a two-hundred day moving average price of $48.84. LXP Industrial Trust has a one year low of $38.20 and a one year high of $52.79.

LXP Industrial Trust (NYSE:LXPGet Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.80 EPS for the quarter. The company 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 revenue was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.16 EPS. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. As a group, sell-side analysts expect that LXP Industrial Trust will post 3.31 EPS for the current year.

LXP Industrial Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid 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 5.4%. LXP Industrial Trust’s payout ratio is currently 189.19%.

About LXP Industrial Trust

(Free Report)

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.

See Also

Want to see what other hedge funds are holding LXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LXP Industrial Trust (NYSE:LXPFree Report).

Institutional Ownership by Quarter for LXP Industrial Trust (NYSE:LXP)

Receive News & Ratings for LXP Industrial Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LXP Industrial Trust and related companies with MarketBeat.com's FREE daily email newsletter.