Jennison Associates LLC Acquires 24,514 Shares of LXP Industrial Trust $LXP

Jennison Associates LLC raised its holdings in shares of LXP Industrial Trust (NYSE:LXP) by 197.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,913 shares of the real estate investment trust’s stock after buying an additional 24,514 shares during the period. Jennison Associates LLC’s holdings in LXP Industrial Trust were worth $1,708,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. IFP Advisors Inc boosted its stake in shares of LXP Industrial Trust by 63.8% during the 4th quarter. IFP Advisors Inc now owns 837 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 326 shares during the last quarter. Allworth Financial LP grew its position in shares of LXP Industrial Trust by 5.9% during the 3rd quarter. Allworth Financial LP now owns 5,969 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 332 shares during the period. EQ Wealth Advisors LLC purchased a new stake in shares of LXP Industrial Trust in the 4th quarter worth $34,000. Pictet Asset Management Holding SA increased its stake in shares of LXP Industrial Trust by 11.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 9,698 shares of the real estate investment trust’s stock worth $449,000 after purchasing an additional 1,009 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. raised its holdings in LXP Industrial Trust by 4.7% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 26,174 shares of the real estate investment trust’s stock worth $1,213,000 after purchasing an additional 1,164 shares during the period. 93.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on LXP shares. KeyCorp reiterated a “sector weight” rating on shares of LXP Industrial Trust in a research report on Tuesday, June 9th. Citigroup restated an “outperform” rating on shares of LXP Industrial Trust in a research report on Thursday, July 16th. Citizens Jmp downgraded LXP Industrial Trust from a “market outperform” rating to a “hold” rating in a research note on Tuesday. BMO Capital Markets began coverage on LXP Industrial Trust in a research report on Thursday, July 9th. They set an “outperform” rating and a $65.00 price objective on the stock. Finally, Wall Street Zen downgraded LXP Industrial Trust from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, LXP Industrial Trust currently has an average rating of “Hold” and an average price target of $55.20.

LXP Industrial Trust Stock Performance

Shares of NYSE LXP opened at $61.17 on Thursday. The stock has a market cap of $3.61 billion, a PE ratio of 41.33 and a beta of 1.04. LXP Industrial Trust has a 1 year low of $38.20 and a 1 year high of $61.61. The firm has a fifty day moving average price of $53.92 and a 200-day moving average price of $50.91. 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 earnings results on Wednesday, April 29th. The real estate investment trust reported $0.80 earnings per share for the quarter. The company had revenue of $85.95 million for 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%. LXP Industrial Trust’s revenue for the quarter was down 3.3% on a year-over-year basis. 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. Equities analysts anticipate that LXP Industrial Trust will post 3.34 earnings per share for the current fiscal year.

LXP Industrial Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.80 dividend on an annualized basis and a yield of 4.6%. LXP Industrial Trust’s dividend payout ratio (DPR) is currently 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.