Louisiana State Employees Retirement System Acquires New Stake in LXP Industrial Trust $LXP

Louisiana State Employees Retirement System acquired a new stake in LXP Industrial Trust (NYSE:LXP) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 26,200 shares of the real estate investment trust’s stock, valued at approximately $1,212,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Caitong International Asset Management Co. Ltd purchased a new stake in shares of LXP Industrial Trust during the third quarter valued at $26,000. EverSource Wealth Advisors LLC increased 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 buying an additional 1,755 shares during the period. Geneos Wealth Management Inc. increased 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 buying an additional 1,632 shares during the period. EQ Wealth Advisors LLC purchased a new position in LXP Industrial Trust in the 4th quarter worth about $34,000. Finally, 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 valued at $41,000 after buying an additional 326 shares in the last quarter. Hedge funds and other institutional investors own 93.52% of the company’s stock.

LXP Industrial Trust Stock Down 0.1%

NYSE:LXP opened at $55.50 on Friday. LXP Industrial Trust has a 1-year low of $38.20 and a 1-year high of $55.62. The company has a 50-day moving average of $52.41 and a 200 day moving average of $50.29. The firm has a market cap of $3.27 billion, a PE ratio of 37.50 and a beta of 1.04. 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 posted its 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 business had revenue of $85.95 million for the quarter, compared to the consensus estimate of $81.47 million. During the same quarter last year, the firm posted $0.16 EPS. The company’s revenue for the quarter 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. As a group, research analysts anticipate that LXP Industrial Trust will post 3.34 EPS for the current fiscal year.

LXP Industrial Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Tuesday, June 30th. LXP Industrial Trust’s dividend payout ratio (DPR) is presently 189.19%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on LXP shares. Evercore set a $54.00 price objective on shares of LXP Industrial Trust in a research report on Monday, June 8th. Raymond James Financial assumed coverage on shares of LXP Industrial Trust in a research note on Wednesday, June 17th. They set a “market perform” rating for the company. Citigroup reiterated a “market outperform” rating on shares of LXP Industrial Trust in a report on Wednesday, June 3rd. KeyCorp reissued a “sector weight” rating on shares of LXP Industrial Trust in a research note on Tuesday, June 9th. Finally, Wall Street Zen raised LXP Industrial Trust from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus 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.