Fisher Asset Management LLC Sells 1,336,415 Shares of LXP Industrial Trust $LXP

Fisher Asset Management LLC trimmed its stake in LXP Industrial Trust (NYSE:LXP) by 81.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 308,887 shares of the real estate investment trust’s stock after selling 1,336,415 shares during the quarter. Fisher Asset Management LLC owned 0.52% of LXP Industrial Trust worth $15,315,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in LXP. Balyasny Asset Management L.P. boosted its holdings in 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 worth $53,131,000 after acquiring an additional 4,688,972 shares in the last quarter. Aew Capital Management L P boosted its holdings in LXP Industrial Trust by 61.1% in the third quarter. Aew Capital Management L P now owns 9,135,734 shares of the real estate investment trust’s stock worth $81,856,000 after acquiring an additional 3,465,123 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC bought a new stake in LXP Industrial Trust in the third quarter worth $15,508,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in LXP Industrial Trust by 468.5% in the third 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 worth $18,435,000 after acquiring an additional 1,695,558 shares in the last quarter. Finally, M&T Bank Corp bought a new stake in LXP Industrial Trust in the fourth quarter worth $79,619,000. 93.52% of the stock is owned by institutional investors.

LXP Industrial Trust Stock Down 0.2%

LXP Industrial Trust stock opened at $52.67 on Thursday. The stock has a market cap of $3.10 billion, a PE ratio of 35.59 and a beta of 1.06. 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 has a one year low of $38.20 and a one year high of $53.16. The stock has a fifty day moving average of $49.76 and a 200 day moving average of $49.03.

LXP Industrial Trust (NYSE:LXP) last issued its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.80 EPS for the quarter. The business had revenue of $85.95 million during 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 business’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior 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, sell-side analysts predict that LXP Industrial Trust will post 3.31 EPS for the current year.

LXP Industrial Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a $0.70 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $2.80 dividend on an annualized basis and a yield of 5.3%. LXP Industrial Trust’s dividend payout ratio is presently 189.19%.

Wall Street Analysts Forecast Growth

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