LXP Industrial Trust $LXP Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its holdings in shares of LXP Industrial Trust (NYSE:LXP) by 1.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 663,398 shares of the real estate investment trust’s stock after selling 11,864 shares during the period. Bank of New York Mellon Corp owned 1.13% of LXP Industrial Trust worth $30,689,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in LXP. Balyasny Asset Management L.P. grew its stake 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 buying an additional 4,688,972 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in LXP Industrial Trust by 468.5% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,057,488 shares of the real estate investment trust’s stock valued at $18,435,000 after buying an additional 1,695,558 shares during the last quarter. M&T Bank Corp purchased a new position in LXP Industrial Trust in the 4th quarter valued at about $79,619,000. Qube Research & Technologies Ltd boosted its position in LXP Industrial Trust by 359.3% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,918,740 shares of the real estate investment trust’s stock valued at $15,849,000 after buying an additional 1,501,010 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of LXP Industrial Trust during the fourth quarter valued at about $59,953,000. 93.52% of the stock is currently owned by institutional investors and hedge funds.

LXP Industrial Trust Stock Performance

LXP stock opened at $60.71 on Monday. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.18. The firm has a market cap of $3.58 billion, a P/E ratio of 41.02 and a beta of 1.04. LXP Industrial Trust has a 12-month low of $38.20 and a 12-month high of $61.61. The stock’s 50 day simple moving average is $54.31 and its 200 day simple moving average is $51.07.

LXP Industrial Trust (NYSE:LXP) last announced its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter. The firm had revenue of $85.95 million for 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 for the quarter was down 3.3% on a year-over-year basis. During the same period last year, the business posted $0.16 earnings per share. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. As a group, equities research analysts predict that LXP Industrial Trust will post 3.34 EPS for the current year.

LXP Industrial Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.80 annualized dividend and a dividend yield of 4.6%. LXP Industrial Trust’s dividend payout ratio is 189.19%.

Analyst Ratings Changes

A number of analysts have recently issued reports on LXP shares. Citigroup reaffirmed an “outperform” rating on shares of LXP Industrial Trust in a research report on Thursday, July 16th. Wall Street Zen downgraded shares of LXP Industrial Trust from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Citizens Jmp downgraded shares of LXP Industrial Trust from a “market outperform” rating to a “hold” rating in a research report on Tuesday, July 21st. KeyCorp restated a “sector weight” rating on shares of LXP Industrial Trust in a research note on Tuesday, June 9th. Finally, Evercore set a $54.00 price target on shares of LXP Industrial Trust in a report on Monday, June 8th. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, LXP Industrial Trust presently has a consensus rating of “Hold” and an average target price of $55.20.

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.