LXP Industrial Trust $LXP Shares Sold by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd decreased its position in LXP Industrial Trust (NYSE:LXP) by 75.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 14,655 shares of the real estate investment trust’s stock after selling 44,995 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in LXP Industrial Trust were worth $727,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. EQ Wealth Advisors LLC purchased a new stake in shares of LXP Industrial Trust during the 4th quarter valued at approximately $34,000. M&T Bank Corp purchased a new position in LXP Industrial Trust in the fourth quarter worth approximately $391,000. Seeds Investor LLC acquired a new stake in LXP Industrial Trust during the fourth quarter worth $234,000. Synergy Asset Management LLC acquired a new stake in LXP Industrial Trust during the fourth quarter worth $310,000. Finally, Pensionfund Sabic purchased a new stake in LXP Industrial Trust in the fourth quarter valued at $912,000. Institutional investors and hedge funds own 93.52% of the company’s stock.

LXP Industrial Trust Stock Up 1.2%

NYSE:LXP opened at $52.37 on Friday. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.18. The stock’s fifty day moving average is $48.75 and its two-hundred day moving average is $48.63. LXP Industrial Trust has a 52 week low of $38.20 and a 52 week high of $52.79. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 35.38 and a beta of 1.06.

LXP Industrial Trust (NYSE:LXP) last released 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 return on equity of 4.80% and a net margin of 27.05%.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 business posted $0.16 earnings per share. The company’s quarterly 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. Research analysts anticipate that LXP Industrial Trust will post 3.31 EPS for the current year.

LXP Industrial Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors 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 5.3%. The ex-dividend date was Tuesday, March 31st. LXP Industrial Trust’s dividend payout ratio (DPR) is 189.19%.

Wall Street Analysts Forecast Growth

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

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.