Doheny Asset Management CA Sells 29,680 Shares of LXP Industrial Trust $LXP

Doheny Asset Management CA reduced its stake in LXP Industrial Trust (NYSE:LXP) by 85.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,170 shares of the real estate investment trust’s stock after selling 29,680 shares during the period. Doheny Asset Management CA’s holdings in LXP Industrial Trust were worth $256,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Xponance Inc. boosted its position in shares of LXP Industrial Trust by 0.9% in the 3rd quarter. Xponance Inc. now owns 24,780 shares of the real estate investment trust’s stock worth $222,000 after purchasing an additional 216 shares during the last quarter. IFP Advisors Inc boosted its position in shares of LXP Industrial Trust by 63.8% in the 4th quarter. IFP Advisors Inc now owns 837 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 326 shares during the last quarter. Allworth Financial LP boosted its position in shares of LXP Industrial Trust by 5.9% in 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 during the last quarter. EQ Wealth Advisors LLC bought a new position in shares of LXP Industrial Trust in the 4th quarter worth $34,000. Finally, Choreo LLC boosted its position in shares of LXP Industrial Trust by 3.0% in the 3rd quarter. Choreo LLC now owns 29,751 shares of the real estate investment trust’s stock worth $271,000 after purchasing an additional 854 shares during the last quarter. 93.52% of the stock is currently owned by institutional investors.

LXP Industrial Trust Stock Performance

LXP stock opened at $52.14 on Monday. The business’s 50-day moving average price is $50.30 and its two-hundred day moving average price is $49.52. 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 $3.07 billion, a PE ratio of 35.23 and a beta of 1.05. LXP Industrial Trust has a 1-year low of $38.20 and a 1-year high of $53.16.

LXP Industrial Trust (NYSE:LXP) last posted its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.80 earnings per share for the quarter. The firm had revenue of $85.95 million for the quarter, compared to analyst estimates of $81.47 million. LXP Industrial Trust had a return on equity of 4.80% and a net margin of 27.05%.The company’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.16 earnings per share. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. As a group, research analysts forecast that LXP Industrial Trust will post 3.33 earnings per share for the current year.

LXP Industrial Trust Cuts Dividend

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

Analysts Set New Price Targets

LXP has been the topic of several recent research reports. JPMorgan Chase & Co. reduced their price target on LXP Industrial Trust from $50.00 to $49.00 and set a “neutral” rating on the stock in a research report on Thursday, March 5th. Wall Street Zen lowered LXP Industrial Trust from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Evercore set a $51.00 price target on LXP Industrial Trust in a research report on Friday, February 13th. Citigroup restated a “market outperform” rating on shares of LXP Industrial Trust in a research report on Wednesday. Finally, Weiss Ratings lowered LXP Industrial Trust from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 1st. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $51.88.

LXP Industrial Trust 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.