Bard Associates Inc. Reduces Stock Position in LXP Industrial Trust $LXP

Bard Associates Inc. cut its holdings in LXP Industrial Trust (NYSE:LXP) by 46.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,336 shares of the real estate investment trust’s stock after selling 16,813 shares during the period. Bard Associates Inc.’s holdings in LXP Industrial Trust were worth $176,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Norges Bank bought a new stake in LXP Industrial Trust during the 2nd quarter valued at $58,163,000. Balyasny Asset Management L.P. grew its position in shares of LXP Industrial Trust by 269.0% in the second quarter. Balyasny Asset Management L.P. now owns 6,432,356 shares of the real estate investment trust’s stock valued at $53,131,000 after purchasing an additional 4,688,972 shares in the last quarter. Aew Capital Management L P grew its position in shares of LXP Industrial Trust by 61.1% in the third quarter. Aew Capital Management L P now owns 9,135,734 shares of the real estate investment trust’s stock valued at $81,856,000 after purchasing an additional 3,465,123 shares in the last quarter. Lasalle Investment Management Securities LLC raised its stake in shares of LXP Industrial Trust by 44.4% during the 2nd quarter. Lasalle Investment Management Securities LLC now owns 9,177,887 shares of the real estate investment trust’s stock valued at $75,809,000 after purchasing an additional 2,822,835 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC bought a new stake in shares of LXP Industrial Trust during the 3rd quarter valued at $15,508,000. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

LXP Industrial Trust Stock Down 0.2%

Shares of NYSE LXP opened at $46.76 on Monday. LXP Industrial Trust has a 12 month low of $34.25 and a 12 month high of $52.52. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of 25.84 and a beta of 1.09. The business has a 50-day moving average of $49.35 and a 200-day moving average of $47.82.

LXP Industrial Trust (NYSE:LXP) last posted its quarterly earnings data on Thursday, February 12th. The real estate investment trust reported $0.79 earnings per share 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 company had revenue of $86.74 million during the quarter, compared to the consensus estimate of $86.05 million. During the same quarter last year, the company posted $0.16 earnings per share. The firm’s revenue for the quarter was down 14.0% on a year-over-year basis. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. Sell-side analysts expect that LXP Industrial Trust will post 0.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on LXP. Citigroup restated an “outperform” rating on shares of LXP Industrial Trust in a research note on Friday, February 13th. JPMorgan Chase & Co. decreased their price target on 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. Evercore set a $51.00 price target on shares of LXP Industrial Trust in a report on Friday, February 13th. KeyCorp lowered shares of LXP Industrial Trust from an “overweight” rating to a “sector weight” rating in a research report on Thursday, December 4th. Finally, Weiss Ratings cut shares of LXP Industrial Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $51.50.

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.