LXP Industrial Trust $LXP Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC reduced its stake in shares of LXP Industrial Trust (NYSE:LXP) by 80.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,530,869 shares of the real estate investment trust’s stock after selling 6,108,630 shares during the period. Geode Capital Management LLC’s holdings in LXP Industrial Trust were worth $75,912,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allianz Asset Management GmbH lifted its position in LXP Industrial Trust by 144.9% during the third quarter. Allianz Asset Management GmbH now owns 1,008,049 shares of the real estate investment trust’s stock valued at $9,032,000 after purchasing an additional 596,457 shares during the period. Cbre Investment Management Listed Real Assets LLC acquired a new position in LXP Industrial Trust during the third quarter valued at $15,508,000. Aew Capital Management L P lifted its position in LXP Industrial Trust by 61.1% during the third 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. Lasalle Investment Management Securities LLC lifted its position in LXP Industrial Trust by 6.3% during the third 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. Finally, Versor Investments LP lifted its position in LXP Industrial Trust by 90.8% during the third quarter. Versor Investments LP now owns 56,300 shares of the real estate investment trust’s stock valued at $504,000 after purchasing an additional 26,800 shares during the period. 93.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on LXP. Evercore set a $54.00 target price on shares of LXP Industrial Trust in a research report on Monday. JPMorgan Chase & Co. decreased their target price on shares of 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. Weiss Ratings downgraded shares of LXP Industrial Trust from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Wall Street Zen downgraded shares of LXP Industrial Trust from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Finally, Citigroup restated a “market outperform” rating on shares of LXP Industrial Trust in a research report on Wednesday, June 3rd. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $52.63.

LXP Industrial Trust Trading Down 1.2%

Shares of LXP Industrial Trust stock opened at $51.59 on Tuesday. The firm has a 50-day simple moving average of $50.40 and a two-hundred day simple moving average of $49.56. The company has a market cap of $3.04 billion, a P/E ratio of 34.86 and a beta of 1.05. LXP Industrial Trust has a fifty-two week low of $38.20 and a fifty-two week high of $53.16. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.21 and a current ratio of 0.21.

LXP Industrial Trust (NYSE:LXP) last issued its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.80 earnings per share for the quarter. The business had revenue of $85.95 million during the quarter, compared to the consensus estimate of $81.47 million. LXP Industrial Trust had a net margin of 27.05% and a return on equity of 4.80%. The company’s revenue was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm 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 analysts predict that LXP Industrial Trust will post 3.33 earnings per share for the current fiscal year.

LXP Industrial Trust Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.4%. LXP Industrial Trust’s payout ratio is currently 189.19%.

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.