Hsbc Holdings PLC Sells 335,493 Shares of LXP Industrial Trust $LXP

Hsbc Holdings PLC trimmed its position in shares of LXP Industrial Trust (NYSE:LXP) by 76.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 102,407 shares of the real estate investment trust’s stock after selling 335,493 shares during the quarter. Hsbc Holdings PLC owned about 0.17% of LXP Industrial Trust worth $5,079,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new stake in LXP Industrial Trust in the third quarter valued at approximately $26,000. EverSource Wealth Advisors LLC grew its holdings in LXP Industrial Trust by 101.7% in the second 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 during the last quarter. Geneos Wealth Management Inc. increased its position in shares of LXP Industrial Trust by 82.0% during the second 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. EQ Wealth Advisors LLC purchased a new stake in shares of LXP Industrial Trust during the 4th quarter valued at $34,000. Finally, IFP Advisors Inc lifted its holdings in shares of LXP Industrial Trust by 63.8% during the 4th quarter. IFP Advisors Inc now owns 837 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 326 shares during the last quarter. 93.52% of the stock is currently owned by institutional investors.

LXP Industrial Trust Stock Performance

Shares of LXP stock opened at $55.31 on Friday. The business has a fifty day moving average of $52.02 and a 200 day moving average of $50.09. LXP Industrial Trust has a 1 year low of $38.20 and a 1 year high of $55.62. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.21 and a quick ratio of 0.21. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 37.37 and a beta of 1.05.

LXP Industrial Trust (NYSE:LXP) last posted its quarterly earnings results 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 for the quarter, compared to the consensus estimate 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 quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.16 EPS. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. As a group, research analysts expect that LXP Industrial Trust will post 3.35 earnings per share for the current year.

LXP Industrial Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a $0.70 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.80 dividend on an annualized basis and a yield of 5.1%. LXP Industrial Trust’s dividend payout ratio is currently 189.19%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LXP. KeyCorp restated a “sector weight” rating on shares of LXP Industrial Trust in a research note on Tuesday, June 9th. JPMorgan Chase & Co. lowered 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. Citigroup reissued a “market outperform” rating on shares of LXP Industrial Trust in a report on Wednesday, June 3rd. Raymond James Financial assumed coverage on shares of LXP Industrial Trust in a report on Wednesday, June 17th. They set a “market perform” rating on the stock. Finally, Weiss Ratings raised shares of LXP Industrial Trust from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 15th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, LXP Industrial Trust presently has an average rating of “Hold” and an average target price of $52.62.

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.