1,538,953 Shares in LXP Industrial Trust $LXP Bought by M&T Bank Corp

M&T Bank Corp bought a new position in shares of LXP Industrial Trust (NYSE:LXP) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,538,953 shares of the real estate investment trust’s stock, valued at approximately $79,619,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of LXP. Caitong International Asset Management Co. Ltd acquired a new position in LXP Industrial Trust during the 3rd quarter worth $26,000. EverSource Wealth Advisors LLC grew its stake in LXP Industrial Trust by 101.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,481 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 1,755 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 purchasing an additional 1,632 shares in the last quarter. Allworth Financial LP grew its stake in LXP Industrial Trust by 5.9% during the 3rd quarter. Allworth Financial LP now owns 5,969 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 332 shares in the last quarter. Finally, Corient Private Wealth LLC acquired a new position in LXP Industrial Trust during the 2nd quarter worth $90,000. 93.52% of the stock is owned by institutional investors and hedge funds.

LXP Industrial Trust Stock Down 2.5%

LXP Industrial Trust stock opened at $50.71 on Wednesday. LXP Industrial Trust has a fifty-two week low of $38.03 and a fifty-two week high of $52.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.24 and a current ratio of 0.24. The company has a market capitalization of $2.99 billion, a P/E ratio of 28.02 and a beta of 1.09. The stock has a 50-day simple moving average of $48.25 and a 200-day simple moving average of $48.27.

LXP Industrial Trust (NYSE:LXP) last posted its 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 net margin of 32.27% and a return on equity of 5.70%. The firm had revenue of $86.74 million during the quarter, compared to analysts’ expectations of $86.05 million. During the same period in the previous year, the firm 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. Equities research analysts expect that LXP Industrial Trust will post 3.31 earnings per share for the current year.

LXP Industrial Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.80 annualized dividend and a yield of 5.5%. LXP Industrial Trust’s dividend payout ratio is currently 154.70%.

Analyst Upgrades and Downgrades

Several research firms recently commented on LXP. Wall Street Zen raised LXP Industrial Trust from a “sell” rating to a “hold” rating in a research note on Sunday, April 5th. Evercore set a $51.00 price target on LXP Industrial Trust in a report on Friday, February 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of LXP Industrial Trust in a report on Friday, April 10th. JPMorgan Chase & Co. decreased their price target on 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 reaffirmed an “outperform” rating on shares of LXP Industrial Trust in a report on Friday, February 13th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, 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.