New Age Alpha Advisors LLC lessened its stake in LXP Industrial Trust (NYSE:LXP – Free Report) by 63.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,674 shares of the real estate investment trust’s stock after selling 24,978 shares during the quarter. New Age Alpha Advisors LLC’s holdings in LXP Industrial Trust were worth $728,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. EQ Wealth Advisors LLC acquired a new position in LXP Industrial Trust in the fourth quarter valued at about $34,000. 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 purchasing an additional 326 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in LXP Industrial Trust in the third quarter valued at about $26,000. EverSource Wealth Advisors LLC raised its stake 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 valued at $29,000 after purchasing an additional 1,755 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in LXP Industrial Trust by 82.0% in the second quarter. Geneos Wealth Management Inc. now owns 3,623 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 1,632 shares in the last quarter. Institutional investors and hedge funds own 93.52% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on the company. Wall Street Zen downgraded LXP Industrial Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Evercore set a $51.00 price target on LXP Industrial Trust in a research note on Friday, February 13th. JPMorgan Chase & Co. dropped their price target on LXP Industrial Trust from $50.00 to $49.00 and set a “neutral” rating for the company in a research note on Thursday, March 5th. Weiss Ratings downgraded LXP Industrial Trust from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Finally, Citigroup reiterated 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 stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $51.88.
LXP Industrial Trust Stock Performance
LXP Industrial Trust stock opened at $52.41 on Friday. LXP Industrial Trust has a 12-month low of $38.20 and a 12-month high of $53.16. 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 business’s 50-day moving average price is $49.84 and its two-hundred day moving average price is $49.06. The stock has a market cap of $3.09 billion, a PE ratio of 35.41 and a beta of 1.06.
LXP Industrial Trust (NYSE:LXP – Get Free Report) last released its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter. LXP Industrial Trust had a return on equity of 4.80% and a net margin of 27.05%.The firm had revenue of $85.95 million for the quarter, compared to analysts’ expectations of $81.47 million. During the same quarter in the previous year, the business posted $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, analysts expect that LXP Industrial Trust will post 3.31 earnings per share for the current fiscal year.
LXP Industrial Trust Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date was Tuesday, March 31st. LXP Industrial Trust’s payout ratio is currently 189.19%.
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.
Further Reading
- Five stocks we like better than LXP Industrial Trust
- 3 Stocks Rallying on Micron’s Price Boost: Substance or Hype?
- Snowflake and the Snowballing Impact of its AI Flywheel
- AI’s Biggest Bottleneck Could Make These 2 Stocks Soar
- These 3 Beaten-Down Stocks Just Saw $25 Million in Insider Buying
Want to see what other hedge funds are holding LXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LXP Industrial Trust (NYSE:LXP – Free Report).
Receive News & Ratings for LXP Industrial Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LXP Industrial Trust and related companies with MarketBeat.com's FREE daily email newsletter.
