Nomura Asset Management Co. Ltd. Trims Holdings in LXP Industrial Trust $LXP

Nomura Asset Management Co. Ltd. lessened its holdings in shares of LXP Industrial Trust (NYSE:LXP) by 79.4% during the fourth quarter, Holdings Channel reports. The firm owned 88,959 shares of the real estate investment trust’s stock after selling 341,841 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in LXP Industrial Trust were worth $4,411,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Balyasny Asset Management L.P. raised its stake in LXP Industrial Trust by 269.0% during the 2nd quarter. Balyasny Asset Management L.P. now owns 6,432,356 shares of the real estate investment trust’s stock valued at $53,131,000 after buying an additional 4,688,972 shares during the last quarter. Aew Capital Management L P lifted its position in shares of LXP Industrial Trust by 61.1% in the third quarter. Aew Capital Management L P now owns 9,135,734 shares of the real estate investment trust’s stock valued at $81,856,000 after acquiring an additional 3,465,123 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC purchased a new position in shares of LXP Industrial Trust in the third quarter valued at about $15,508,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of LXP Industrial Trust by 468.5% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,057,488 shares of the real estate investment trust’s stock valued at $18,435,000 after acquiring an additional 1,695,558 shares in the last quarter. Finally, M&T Bank Corp purchased a new position in shares of LXP Industrial Trust in the fourth quarter valued at about $79,619,000. Hedge funds and other institutional investors own 93.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. lowered their price objective on LXP Industrial Trust from $50.00 to $49.00 and set a “neutral” rating on the stock in a research report on Thursday, March 5th. Evercore set a $51.00 price objective on LXP Industrial Trust in a research report on Friday, February 13th. Weiss Ratings downgraded LXP Industrial Trust from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Citigroup restated a “market outperform” rating on shares of LXP Industrial Trust in a research report on Wednesday. Finally, Wall Street Zen downgraded LXP Industrial Trust from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $51.88.

LXP Industrial Trust Trading Up 2.9%

Shares of LXP Industrial Trust stock opened at $51.58 on Friday. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 34.85 and a beta of 1.05. The business has a 50-day moving average price of $50.18 and a 200-day moving average price of $49.48. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.18. LXP Industrial Trust has a twelve month low of $38.20 and a twelve month high of $53.16.

LXP Industrial Trust (NYSE:LXP) last issued its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.80 earnings per share for the quarter. The firm had revenue of $85.95 million during the quarter, compared to analyst estimates of $81.47 million. LXP Industrial Trust had a return on equity of 4.80% and a net margin of 27.05%.The business’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.16 earnings per share. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. Equities research analysts anticipate that LXP Industrial Trust will post 3.33 EPS for the current fiscal year.

LXP Industrial Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a dividend of $0.70 per share. The ex-dividend date was Tuesday, March 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.4%. LXP Industrial Trust’s dividend payout ratio (DPR) is presently 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.