Legal & General Group Plc Sells 1,521,128 Shares of LXP Industrial Trust $LXP

Legal & General Group Plc decreased its position in LXP Industrial Trust (NYSE:LXP) by 77.5% in the 4th quarter, HoldingsChannel reports. The fund owned 441,777 shares of the real estate investment trust’s stock after selling 1,521,128 shares during the period. Legal & General Group Plc’s holdings in LXP Industrial Trust were worth $21,903,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of LXP. EQ Wealth Advisors LLC acquired a new stake in shares of LXP Industrial Trust during the 4th quarter worth approximately $34,000. IFP Advisors Inc raised its stake in shares of 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 bought a new position in LXP Industrial Trust in the third quarter worth $26,000. EverSource Wealth Advisors LLC lifted its position 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 period. Finally, Geneos Wealth Management Inc. boosted its stake 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 in the last quarter. Institutional investors own 93.52% of the company’s stock.

LXP Industrial Trust Stock Performance

NYSE:LXP opened at $51.71 on Monday. LXP Industrial Trust has a 1 year low of $38.20 and a 1 year high of $53.16. The firm has a 50 day moving average of $49.90 and a 200-day moving average of $49.36. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $3.05 billion, a P/E ratio of 34.94 and a beta of 1.05.

LXP Industrial Trust (NYSE:LXP) last released its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.80 earnings per share 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 during the quarter, compared to analysts’ expectations of $81.47 million. During the same period last year, the firm posted $0.16 EPS. The business’s 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, sell-side analysts anticipate that LXP Industrial Trust will post 3.31 EPS for the current fiscal year.

LXP Industrial Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend was Tuesday, March 31st. LXP Industrial Trust’s payout ratio is currently 189.19%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on LXP shares. JPMorgan Chase & Co. dropped their price objective on shares of 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. Evercore set a $51.00 target price on shares of LXP Industrial Trust in a research report on Friday, February 13th. Citigroup reissued an “outperform” rating on shares of LXP Industrial Trust in a research report on Friday, February 13th. Weiss Ratings cut shares of LXP Industrial Trust from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Finally, Wall Street Zen downgraded LXP Industrial Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, LXP Industrial Trust presently has a consensus rating of “Hold” and a consensus target price of $51.88.

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.