Sterling Capital Management LLC Sells 12,420 Shares of LXP Industrial Trust $LXP

Sterling Capital Management LLC cut its position in LXP Industrial Trust (NYSE:LXP) by 37.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,999 shares of the real estate investment trust’s stock after selling 12,420 shares during the period. Sterling Capital Management LLC’s holdings in LXP Industrial Trust were worth $971,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Xponance Inc. lifted its position in shares of LXP Industrial Trust by 0.9% during the third quarter. Xponance Inc. now owns 24,780 shares of the real estate investment trust’s stock worth $222,000 after purchasing an additional 216 shares in the last quarter. IFP Advisors Inc lifted its holdings in 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 buying an additional 326 shares in the last quarter. Allworth Financial LP boosted its position 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 valued at $53,000 after buying an additional 332 shares during the last quarter. EQ Wealth Advisors LLC acquired a new stake in shares of LXP Industrial Trust in the 4th quarter valued at $34,000. Finally, Choreo LLC raised its position in shares of LXP Industrial Trust by 3.0% during the third quarter. Choreo LLC now owns 29,751 shares of the real estate investment trust’s stock worth $271,000 after acquiring an additional 854 shares during the last quarter. 93.52% of the stock is owned by institutional investors.

LXP Industrial Trust Stock Performance

Shares of NYSE LXP opened at $53.85 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.21 and a current ratio of 0.21. The stock has a 50 day moving average price of $52.14 and a 200 day moving average price of $50.18. The stock has a market capitalization of $3.17 billion, a PE ratio of 36.39 and a beta of 1.05. LXP Industrial Trust has a 52 week low of $38.20 and a 52 week high of $55.62.

LXP Industrial Trust (NYSE:LXP) last announced its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.80 EPS for the quarter. LXP Industrial Trust had a net margin of 27.05% and a return on equity of 4.80%. The firm had revenue of $85.95 million during the quarter, compared to analysts’ expectations of $81.47 million. During the same quarter last year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. Analysts predict that LXP Industrial Trust will post 3.35 earnings per share for the current fiscal year.

LXP Industrial Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.80 annualized dividend and a dividend yield of 5.2%. LXP Industrial Trust’s dividend payout ratio is presently 189.19%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on LXP. Raymond James Financial began coverage on LXP Industrial Trust in a research note on Wednesday, June 17th. They issued a “market perform” rating on the stock. Citigroup reaffirmed a “market outperform” rating on shares of LXP Industrial Trust in a research note on Wednesday, June 3rd. KeyCorp reissued a “sector weight” rating on shares of LXP Industrial Trust in a research report on Tuesday, June 9th. JPMorgan Chase & Co. decreased their price target 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. Finally, Weiss Ratings upgraded shares of LXP Industrial Trust from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 15th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $52.62.

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.