LXP Industrial Trust $LXP Holdings Cut by Legal & General Group Plc

Legal & General Group Plc lowered its stake in shares of LXP Industrial Trust (NYSE:LXP) by 77.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 441,777 shares of the real estate investment trust’s stock after selling 1,521,128 shares during the period. Legal & General Group Plc owned about 0.75% of LXP Industrial Trust worth $21,903,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Jefferies Financial Group Inc. purchased a new stake in shares of LXP Industrial Trust during the fourth quarter worth $351,000. Legato Capital Management LLC purchased a new position in LXP Industrial Trust in the fourth quarter valued at about $1,076,000. Global Retirement Partners LLC acquired a new position in LXP Industrial Trust in the 4th quarter worth about $273,000. IFP Advisors Inc increased its position in 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. Finally, EQ Wealth Advisors LLC purchased a new stake in shares of LXP Industrial Trust during the 4th quarter worth about $34,000. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

LXP Industrial Trust Stock Performance

LXP opened at $51.71 on Monday. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.18. The stock’s 50 day moving average price is $49.90 and its two-hundred day moving average price is $49.36. The firm has a market capitalization of $3.05 billion, a P/E ratio of 34.94 and a beta of 1.05. LXP Industrial Trust has a 12-month low of $38.20 and a 12-month high of $53.16.

LXP Industrial Trust (NYSE:LXP) last posted its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.80 earnings per share for the quarter. The company 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%.LXP Industrial Trust’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.16 earnings per share. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. On average, equities analysts forecast that LXP Industrial Trust will post 3.31 earnings per share 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 issued a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.80 dividend on an annualized basis and a yield of 5.4%. LXP Industrial Trust’s dividend payout ratio is 189.19%.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Wall Street Zen cut shares of LXP Industrial Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. JPMorgan Chase & Co. cut their price target on shares of 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 lowered shares of LXP Industrial Trust from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Evercore set a $51.00 price objective on shares of LXP Industrial Trust in a report on Friday, February 13th. Finally, Citigroup reissued an “outperform” rating on shares of LXP Industrial Trust in a research report on Friday, February 13th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target 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.