Norges Bank Takes $59.95 Million Position in LXP Industrial Trust $LXP

Norges Bank acquired a new stake in LXP Industrial Trust (NYSE:LXP) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 1,209,227 shares of the real estate investment trust’s stock, valued at approximately $59,953,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Lasalle Investment Management Securities LLC grew its position in shares of LXP Industrial Trust by 6.3% in the 3rd quarter. Lasalle Investment Management Securities LLC now owns 9,756,056 shares of the real estate investment trust’s stock valued at $87,414,000 after purchasing an additional 578,169 shares during the period. Aew Capital Management L P grew its position in shares of LXP Industrial Trust by 61.1% in the 3rd 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 during the period. Balyasny Asset Management L.P. grew its position in shares of LXP Industrial Trust by 269.0% in the 2nd 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 during the period. Dimensional Fund Advisors LP grew its position in shares of LXP Industrial Trust by 3.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,311,597 shares of the real estate investment trust’s stock valued at $38,633,000 after purchasing an additional 145,951 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in shares of LXP Industrial Trust by 14.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,717,830 shares of the real estate investment trust’s stock valued at $32,159,000 after purchasing an additional 458,195 shares during the period. 93.52% of the stock is currently owned by institutional investors and hedge funds.

LXP Industrial Trust Trading Down 0.1%

NYSE LXP opened at $52.14 on Monday. The company has a market cap of $3.07 billion, a PE ratio of 35.23 and a beta of 1.05. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.18. LXP Industrial Trust has a 12 month low of $38.20 and a 12 month high of $53.16. The stock has a 50 day moving average of $50.30 and a 200-day moving average of $49.52.

LXP Industrial Trust (NYSE:LXP) last released its quarterly earnings data 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 the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.16 EPS. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. On average, equities research analysts anticipate that LXP Industrial Trust will post 3.33 EPS for the current fiscal year.

LXP Industrial Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date was Tuesday, March 31st. LXP Industrial Trust’s dividend payout ratio is 189.19%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Evercore set a $51.00 price objective on LXP Industrial Trust in a research report on Friday, February 13th. Citigroup reiterated a “market outperform” rating on shares of LXP Industrial Trust in a research report on Wednesday. Wall Street Zen lowered LXP Industrial Trust from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Weiss Ratings lowered LXP Industrial Trust from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Finally, JPMorgan Chase & Co. decreased 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. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $51.88.

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.