Heartland Advisors Inc. Purchases New Shares in LXP Industrial Trust $LXP

Heartland Advisors Inc. acquired a new stake in shares of LXP Industrial Trust (NYSE:LXP) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 231,400 shares of the real estate investment trust’s stock, valued at approximately $10,705,000.

A number of other institutional investors and hedge funds have also made changes to their positions in LXP. Jennison Associates LLC grew its stake in shares of LXP Industrial Trust by 197.7% in the 1st quarter. Jennison Associates LLC now owns 36,913 shares of the real estate investment trust’s stock worth $1,708,000 after buying an additional 24,514 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of LXP Industrial Trust by 31.1% during the 1st quarter. Principal Financial Group Inc. now owns 369,658 shares of the real estate investment trust’s stock valued at $17,100,000 after buying an additional 87,741 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of LXP Industrial Trust by 21.7% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 40,849 shares of the real estate investment trust’s stock valued at $1,890,000 after buying an additional 7,271 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of LXP Industrial Trust by 5.0% in the 1st quarter. Hsbc Holdings PLC now owns 107,565 shares of the real estate investment trust’s stock valued at $4,976,000 after acquiring an additional 5,158 shares during the last quarter. Finally, Summit Securities Group LLC bought a new position in shares of LXP Industrial Trust in the 1st quarter valued at about $83,000. 93.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on LXP shares. Evercore set a $54.00 price objective on LXP Industrial Trust in a research note on Monday, June 8th. KeyCorp reaffirmed a “sector weight” rating on shares of LXP Industrial Trust in a research note on Tuesday, June 9th. BMO Capital Markets began coverage on LXP Industrial Trust in a report on Thursday, July 9th. They issued an “outperform” rating and a $65.00 target price for the company. Citizens Jmp boosted their target price on LXP Industrial Trust from $53.00 to $58.00 and gave the company a “market outperform” rating in a research report on Thursday. Finally, Weiss Ratings upgraded LXP Industrial Trust from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 15th. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $55.20.

LXP Industrial Trust Price Performance

LXP Industrial Trust stock opened at $58.55 on Friday. The firm has a 50-day moving average price of $53.36 and a 200-day moving average price of $50.67. The firm has a market capitalization of $3.45 billion, a PE ratio of 39.56 and a beta of 1.04. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.18. LXP Industrial Trust has a 12-month low of $38.20 and a 12-month high of $59.00.

LXP Industrial Trust (NYSE:LXP) last released its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.80 EPS for the quarter. The firm had revenue of $85.95 million during the quarter, compared to analysts’ expectations of $81.47 million. LXP Industrial Trust had a net margin of 27.05% and a return on equity of 4.80%. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.16 EPS. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. As a group, equities research analysts forecast that LXP Industrial Trust will post 3.34 EPS for the current year.

LXP Industrial Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.8%. The ex-dividend date was Tuesday, June 30th. LXP Industrial Trust’s payout ratio is 189.19%.

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.