Shikiar Asset Management Inc. Purchases 12,365 Shares of LXP Industrial Trust $LXP

Shikiar Asset Management Inc. lifted its holdings in LXP Industrial Trust (NYSE:LXP) by 10.2% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 133,480 shares of the real estate investment trust’s stock after buying an additional 12,365 shares during the period. LXP Industrial Trust makes up approximately 1.8% of Shikiar Asset Management Inc.’s portfolio, making the stock its 16th biggest holding. Shikiar Asset Management Inc. owned 0.23% of LXP Industrial Trust worth $6,175,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Cbre Investment Management Listed Real Assets LLC purchased a new position in LXP Industrial Trust in the third quarter worth $15,508,000. Pensionfund Sabic purchased a new stake in shares of LXP Industrial Trust during the 4th quarter valued at $912,000. Intech Investment Management LLC raised its stake in shares of LXP Industrial Trust by 21.9% during the 3rd quarter. Intech Investment Management LLC now owns 224,336 shares of the real estate investment trust’s stock worth $2,010,000 after purchasing an additional 40,230 shares during the period. Eurizon Capital SGR S.p.A. bought a new stake in shares of LXP Industrial Trust during the 4th quarter worth $1,169,000. Finally, Pensionfund PDN purchased a new position in shares of LXP Industrial Trust in the 4th quarter worth about $1,656,000. 93.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on LXP shares. KeyCorp restated a “sector weight” rating on shares of LXP Industrial Trust in a report on Tuesday, June 9th. Wall Street Zen upgraded shares of LXP Industrial Trust from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. Weiss Ratings raised shares of LXP Industrial Trust from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 15th. Citigroup reaffirmed a “market outperform” rating on shares of LXP Industrial Trust in a report on Wednesday, June 3rd. Finally, JPMorgan Chase & Co. dropped their price objective on LXP Industrial Trust from $50.00 to $49.00 and set a “neutral” rating on the stock in a research note on Thursday, March 5th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, LXP Industrial Trust presently has an average rating of “Hold” and a consensus price target of $52.62.

LXP Industrial Trust Price Performance

Shares of NYSE:LXP opened at $53.85 on Wednesday. The company’s fifty day moving average price is $52.14 and its 200-day moving average price is $50.18. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.21 and a quick ratio of 0.21. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 36.39 and a beta of 1.05. LXP Industrial Trust has a one year low of $38.20 and a one year high of $55.62.

LXP Industrial Trust (NYSE:LXP) last posted 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 company had revenue of $85.95 million during the quarter, compared to the consensus estimate of $81.47 million. During the same period in the previous year, the firm posted $0.16 EPS. The firm’s revenue 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. On average, equities research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.70 per share. The ex-dividend date 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 189.19%.

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.