LXP Industrial Trust $LXP Stock Holdings Trimmed by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its holdings in shares of LXP Industrial Trust (NYSE:LXP) by 1.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 663,398 shares of the real estate investment trust’s stock after selling 11,864 shares during the period. Bank of New York Mellon Corp’s holdings in LXP Industrial Trust were worth $30,689,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of LXP. Balyasny Asset Management L.P. raised its stake in shares of LXP Industrial Trust by 269.0% during the second quarter. Balyasny Asset Management L.P. now owns 6,432,356 shares of the real estate investment trust’s stock valued at $53,131,000 after purchasing an additional 4,688,972 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of LXP Industrial Trust by 468.5% during 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 valued at $18,435,000 after acquiring an additional 1,695,558 shares during the period. M&T Bank Corp acquired a new position in shares of LXP Industrial Trust during the fourth quarter valued at approximately $79,619,000. Qube Research & Technologies Ltd boosted its stake in LXP Industrial Trust by 359.3% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,918,740 shares of the real estate investment trust’s stock valued at $15,849,000 after purchasing an additional 1,501,010 shares in the last quarter. Finally, Norges Bank bought a new position in LXP Industrial Trust during the 4th quarter valued at $59,953,000. 93.52% of the stock is owned by institutional investors and hedge funds.

LXP Industrial Trust Stock Performance

LXP Industrial Trust stock opened at $60.71 on Monday. LXP Industrial Trust has a fifty-two week low of $38.20 and a fifty-two week high of $61.61. The firm’s 50 day simple moving average is $54.31 and its 200-day simple moving average is $51.07. 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 company has a market cap of $3.58 billion, a P/E ratio of 41.02 and a beta of 1.04.

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. LXP Industrial Trust had a net margin of 27.05% and a return on equity of 4.80%. The business had revenue of $85.95 million during the quarter, compared to the consensus estimate of $81.47 million. During the same quarter in the prior year, the firm earned $0.16 EPS. The firm’s quarterly revenue was down 3.3% on a year-over-year basis. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. As a group, equities research analysts predict that LXP Industrial Trust will post 3.34 EPS for the current year.

LXP Industrial Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Tuesday, June 30th. LXP Industrial Trust’s dividend payout ratio (DPR) is 189.19%.

Analyst Ratings Changes

LXP has been the topic of several research analyst reports. Evercore set a $54.00 price target on LXP Industrial Trust in a research report on Monday, June 8th. Wall Street Zen lowered LXP Industrial Trust from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Weiss Ratings raised LXP Industrial Trust from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, June 15th. Citigroup reiterated an “outperform” rating on shares of LXP Industrial Trust in a report on Thursday, July 16th. Finally, BMO Capital Markets started coverage on LXP Industrial Trust in a report on Thursday, July 9th. They issued an “outperform” rating and a $65.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, LXP Industrial Trust has an average rating of “Hold” and a consensus target price of $55.20.

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.