Citigroup Inc. Sells 203,915 Shares of LXP Industrial Trust $LXP

Citigroup Inc. reduced its position in LXP Industrial Trust (NYSE:LXP) by 34.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 389,969 shares of the real estate investment trust’s stock after selling 203,915 shares during the period. Citigroup Inc. owned 0.13% of LXP Industrial Trust worth $3,494,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Arizona State Retirement System lifted its position in LXP Industrial Trust by 1.4% during the third quarter. Arizona State Retirement System now owns 87,517 shares of the real estate investment trust’s stock valued at $784,000 after acquiring an additional 1,211 shares during the last quarter. California State Teachers Retirement System lifted its holdings in shares of LXP Industrial Trust by 0.5% during the 2nd quarter. California State Teachers Retirement System now owns 271,954 shares of the real estate investment trust’s stock valued at $2,246,000 after purchasing an additional 1,474 shares during the last quarter. Virtus Investment Advisers LLC boosted its position in shares of LXP Industrial Trust by 8.9% in the 2nd quarter. Virtus Investment Advisers LLC now owns 19,629 shares of the real estate investment trust’s stock worth $162,000 after purchasing an additional 1,612 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in 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 buying an additional 1,632 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in LXP Industrial Trust by 14.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 13,954 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 1,742 shares during the last quarter. Hedge funds and other institutional investors own 93.52% of the company’s stock.

LXP Industrial Trust Trading Down 1.5%

NYSE LXP opened at $48.50 on Friday. LXP Industrial Trust has a 1 year low of $34.25 and a 1 year high of $52.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.24 and a quick ratio of 0.24. The company has a market capitalization of $2.87 billion, a PE ratio of 26.80 and a beta of 1.09. The company has a fifty day moving average of $49.66 and a 200 day moving average of $47.60.

LXP Industrial Trust (NYSE:LXP) last released its quarterly earnings data on Thursday, February 12th. The real estate investment trust reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.06). LXP Industrial Trust had a net margin of 32.27% and a return on equity of 5.70%. The company had revenue of $86.74 million for the quarter, compared to analysts’ expectations of $86.05 million. During the same quarter in the previous year, the business posted $0.16 EPS. The business’s quarterly revenue 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. Research analysts forecast that LXP Industrial Trust will post 0.63 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. KeyCorp downgraded LXP Industrial Trust from an “overweight” rating to a “sector weight” rating in a report on Thursday, December 4th. Weiss Ratings lowered 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 target price on shares of LXP Industrial Trust in a research report on Friday, February 13th. Citigroup restated an “outperform” rating on shares of LXP Industrial Trust in a research note on Friday, February 13th. Finally, 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. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $51.50.

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.