Mitsubishi UFJ Asset Management Co. Ltd. Sells 176,003 Shares of LXP Industrial Trust $LXP

Mitsubishi UFJ Asset Management Co. Ltd. lowered its holdings in LXP Industrial Trust (NYSE:LXP) by 78.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,964 shares of the real estate investment trust’s stock after selling 176,003 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in LXP Industrial Trust were worth $2,328,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. EQ Wealth Advisors LLC bought a new stake in shares of LXP Industrial Trust in the fourth quarter valued at approximately $34,000. Caitong International Asset Management Co. Ltd purchased a new position in LXP Industrial Trust during the third quarter valued at approximately $26,000. EverSource Wealth Advisors LLC grew its stake in LXP Industrial Trust by 101.7% during the second quarter. EverSource Wealth Advisors LLC now owns 3,481 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 1,755 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in LXP Industrial Trust by 82.0% during the second quarter. Geneos Wealth Management Inc. now owns 3,623 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 1,632 shares in the last quarter. Finally, Seeds Investor LLC purchased a new position in LXP Industrial Trust during the fourth quarter valued at approximately $234,000. Institutional investors own 93.52% of the company’s stock.

LXP Industrial Trust Price Performance

LXP stock opened at $51.76 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 one year low of $38.20 and a one year high of $52.79. The stock has a market cap of $3.05 billion, a PE ratio of 34.97 and a beta of 1.06. The firm has a 50 day simple moving average of $48.85 and a two-hundred day simple moving average of $48.68.

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 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 analysts’ expectations of $81.47 million. During the same quarter in the previous year, the company earned $0.16 EPS. The business’s quarterly 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, analysts predict that LXP Industrial Trust will post 3.31 EPS for the current fiscal year.

LXP Industrial Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend was Tuesday, March 31st. LXP Industrial Trust’s payout ratio is currently 189.19%.

Analyst Upgrades and Downgrades

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

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.