Alberta Investment Management Corp Sells 1,354,003 Shares of LXP Industrial Trust $LXP

Alberta Investment Management Corp cut its position in LXP Industrial Trust (NYSE:LXP) by 80.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 338,500 shares of the real estate investment trust’s stock after selling 1,354,003 shares during the period. Alberta Investment Management Corp’s holdings in LXP Industrial Trust were worth $16,783,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new stake in LXP Industrial Trust in the 3rd quarter valued at about $26,000. EverSource Wealth Advisors LLC increased its position in LXP Industrial Trust by 101.7% during the second quarter. EverSource Wealth Advisors LLC now owns 3,481 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 1,755 shares during the last quarter. Geneos Wealth Management Inc. increased its position in 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 buying an additional 1,632 shares during the last quarter. EQ Wealth Advisors LLC bought a new stake in LXP Industrial Trust in the fourth quarter valued at approximately $34,000. Finally, IFP Advisors Inc raised its stake in LXP Industrial Trust by 63.8% in the fourth quarter. IFP Advisors Inc now owns 837 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 326 shares during the period. 93.52% of the stock is currently owned by institutional investors and hedge funds.

LXP Industrial Trust Price Performance

NYSE:LXP opened at $52.95 on Friday. LXP Industrial Trust has a 52 week low of $38.20 and a 52 week high of $54.71. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of 35.78 and a beta of 1.05. The firm’s 50-day simple moving average is $51.47 and its 200 day simple moving average is $49.87. 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 announced its 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 company had revenue of $85.95 million for the quarter, compared to analysts’ expectations of $81.47 million. During the same period last year, the firm earned $0.16 earnings per share. The business’s revenue for the quarter 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, sell-side analysts predict that LXP Industrial Trust will post 3.33 earnings per share for the current year.

LXP Industrial Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Tuesday, June 30th. LXP Industrial Trust’s payout ratio is 189.19%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on LXP. Evercore set a $54.00 price target on LXP Industrial Trust in a research note on Monday, June 8th. Weiss Ratings raised shares of LXP Industrial Trust from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. KeyCorp reiterated a “sector weight” rating on shares of LXP Industrial Trust in a report on Tuesday, June 9th. Raymond James Financial initiated coverage on shares of LXP Industrial Trust in a research report on Wednesday. They issued a “market perform” rating on the stock. Finally, Citigroup restated a “market outperform” rating on shares of LXP Industrial Trust in a research note on Wednesday, June 3rd. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, LXP Industrial Trust currently has an average rating of “Hold” and a consensus 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.