LXP Industrial Trust $LXP Shares Sold by Perpetual Ltd

Perpetual Ltd cut its holdings in shares of LXP Industrial Trust (NYSE:LXP) by 72.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,690 shares of the real estate investment trust’s stock after selling 88,210 shares during the period. Perpetual Ltd owned 0.06% of LXP Industrial Trust worth $1,670,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd purchased a new position in LXP Industrial Trust during the 3rd quarter worth $26,000. EverSource Wealth Advisors LLC raised its stake in LXP Industrial Trust by 101.7% in the second quarter. EverSource Wealth Advisors LLC now owns 3,481 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 1,755 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in LXP Industrial Trust by 82.0% in the second quarter. Geneos Wealth Management Inc. now owns 3,623 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 1,632 shares during the last quarter. Allworth Financial LP boosted its holdings in LXP Industrial Trust by 5.9% in the third 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. Finally, Synergy Asset Management LLC acquired a new stake in LXP Industrial Trust in the fourth quarter worth about $310,000. Hedge funds and other institutional investors own 93.52% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on LXP shares. Wall Street Zen upgraded shares of LXP Industrial Trust from a “sell” rating to a “hold” rating in a report on Sunday. Weiss Ratings downgraded shares of LXP Industrial Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Evercore set a $51.00 price target on shares of LXP Industrial Trust in a research note on Friday, February 13th. JPMorgan Chase & Co. decreased their price target on shares of LXP Industrial Trust from $50.00 to $49.00 and set a “neutral” rating for the company in a report on Thursday, March 5th. Finally, Citigroup reiterated an “outperform” rating on shares of LXP Industrial Trust in a research note on Friday, February 13th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $51.50.

LXP Industrial Trust Trading Down 0.2%

LXP Industrial Trust stock opened at $46.03 on Friday. The stock has a 50-day moving average price of $48.36 and a 200 day moving average price of $47.95. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of 25.43 and a beta of 1.09. LXP Industrial Trust has a 52 week low of $34.25 and a 52 week high of $52.52. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.18.

LXP Industrial Trust (NYSE:LXP) last issued its quarterly earnings results 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 business had revenue of $86.74 million during the quarter, compared to analyst estimates of $86.05 million. During the same quarter last year, the company posted $0.16 EPS. LXP Industrial Trust’s quarterly revenue was down 14.0% compared to the same quarter last year. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. Sell-side analysts anticipate that LXP Industrial Trust will post 0.63 EPS for the current year.

LXP Industrial Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a $0.70 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 6.1%. LXP Industrial Trust’s dividend payout ratio is presently 154.70%.

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.