Jennison Associates LLC Trims Holdings in LXP Industrial Trust $LXP

Jennison Associates LLC trimmed its position in LXP Industrial Trust (NYSE:LXP) by 86.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,399 shares of the real estate investment trust’s stock after selling 82,027 shares during the quarter. Jennison Associates LLC’s holdings in LXP Industrial Trust were worth $615,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new stake in LXP Industrial Trust in the 3rd quarter worth approximately $26,000. EverSource Wealth Advisors LLC increased its holdings 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 in the last quarter. Geneos Wealth Management Inc. increased its holdings 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 in the last quarter. Allworth Financial LP increased its holdings in LXP Industrial Trust by 5.9% in the 3rd quarter. Allworth Financial LP now owns 5,969 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 332 shares in the last quarter. Finally, Corient Private Wealth LLC purchased a new stake in LXP Industrial Trust in the 2nd quarter worth approximately $90,000. 93.52% of the stock is owned by hedge funds and other institutional investors.

LXP Industrial Trust Trading Down 2.4%

Shares of LXP opened at $50.59 on Tuesday. 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 has a 1 year low of $38.20 and a 1 year high of $52.52. The company has a 50 day simple moving average of $48.54 and a two-hundred day simple moving average of $48.52. The firm has a market cap of $2.98 billion, a P/E ratio of 34.19 and a beta of 1.06.

LXP Industrial Trust (NYSE:LXP) last announced its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter. LXP Industrial Trust had a net margin of 27.05% and a return on equity of 4.80%. The business had revenue of $85.95 million during the quarter, compared to analyst estimates of $81.47 million. During the same period last year, the firm posted $0.16 EPS. The company’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. On average, equities analysts expect that LXP Industrial Trust will post 3.31 earnings per share for the current fiscal year.

LXP Industrial Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend was Tuesday, March 31st. LXP Industrial Trust’s dividend payout ratio (DPR) is 189.19%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on LXP shares. JPMorgan Chase & Co. reduced their target price on shares of LXP Industrial Trust from $50.00 to $49.00 and set a “neutral” rating for the company in a report on Thursday, March 5th. Weiss Ratings lowered shares of LXP Industrial Trust from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday. Wall Street Zen lowered shares of LXP Industrial Trust from a “hold” rating to a “sell” rating in a report on Saturday. Citigroup reissued an “outperform” rating on shares of LXP Industrial Trust in a report on Friday, February 13th. Finally, Evercore set a $51.00 target price on shares of LXP Industrial Trust in a report on Friday, February 13th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $51.88.

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.