PNC Financial Services Group Inc. Decreases Position in LXP Industrial Trust $LXP

PNC Financial Services Group Inc. lessened its holdings in shares of LXP Industrial Trust (NYSE:LXP) by 81.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,818 shares of the real estate investment trust’s stock after selling 37,515 shares during the period. PNC Financial Services Group Inc.’s holdings in LXP Industrial Trust were worth $437,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. EQ Wealth Advisors LLC purchased a new position in LXP Industrial Trust in the 4th quarter worth $34,000. Caitong International Asset Management Co. Ltd purchased a new position in LXP Industrial Trust in the 3rd quarter worth $26,000. EverSource Wealth Advisors LLC raised its stake in LXP Industrial Trust by 101.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,481 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 1,755 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in LXP Industrial Trust by 82.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 3,623 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 1,632 shares during the last quarter. Finally, Seeds Investor LLC purchased a new position in LXP Industrial Trust in the 4th quarter worth $234,000. Hedge funds and other institutional investors own 93.52% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on LXP. Wall Street Zen lowered 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 objective on LXP Industrial Trust in a research note on Friday, February 13th. Citigroup reiterated an “outperform” rating on shares of LXP Industrial Trust in a research note on Friday, February 13th. Weiss Ratings lowered LXP Industrial Trust from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Finally, JPMorgan Chase & Co. reduced their price objective 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. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $51.88.

LXP Industrial Trust Trading Down 2.7%

Shares of LXP Industrial Trust stock opened at $50.23 on Tuesday. The stock has a market cap of $2.96 billion, a P/E ratio of 33.94 and a beta of 1.05. The stock’s 50 day simple moving average is $49.94 and its 200-day simple moving average is $49.38. LXP Industrial Trust has a 1-year low of $38.20 and a 1-year high of $53.16. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.21 and a quick ratio of 0.21.

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 for the quarter, compared to analyst estimates of $81.47 million. LXP Industrial Trust had a net margin of 27.05% and a return on equity of 4.80%. The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter 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. Analysts predict 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. Shareholders of record on Tuesday, March 31st were paid a $0.70 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $2.80 annualized dividend and a dividend yield of 5.6%. LXP Industrial Trust’s payout ratio is 189.19%.

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.