Thrivent Financial for Lutherans Trims Stake in LXP Industrial Trust $LXP

Thrivent Financial for Lutherans reduced its position in shares of LXP Industrial Trust (NYSE:LXP) by 74.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,540 shares of the real estate investment trust’s stock after selling 158,849 shares during the period. Thrivent Financial for Lutherans’ holdings in LXP Industrial Trust were worth $2,704,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Allianz Asset Management GmbH grew its position in shares of LXP Industrial Trust by 144.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,008,049 shares of the real estate investment trust’s stock valued at $9,032,000 after purchasing an additional 596,457 shares in the last quarter. AE Wealth Management LLC grew its position in shares of LXP Industrial Trust by 8.1% during the 3rd quarter. AE Wealth Management LLC now owns 290,568 shares of the real estate investment trust’s stock valued at $2,603,000 after purchasing an additional 21,826 shares in the last quarter. AlphaQuest LLC grew its position in shares of LXP Industrial Trust by 109.6% during the 3rd quarter. AlphaQuest LLC now owns 232,907 shares of the real estate investment trust’s stock valued at $2,087,000 after purchasing an additional 121,790 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC purchased a new position in LXP Industrial Trust in the third quarter worth $15,508,000. Finally, Aew Capital Management L P boosted its position in LXP Industrial Trust by 61.1% during the third quarter. Aew Capital Management L P now owns 9,135,734 shares of the real estate investment trust’s stock valued at $81,856,000 after buying an additional 3,465,123 shares during the period. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on LXP shares. Weiss Ratings lowered shares of LXP Industrial Trust from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Wall Street Zen downgraded shares of LXP Industrial Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Citigroup reaffirmed an “outperform” rating on shares of LXP Industrial Trust in a research note on Friday, February 13th. JPMorgan Chase & Co. lowered 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. Finally, Evercore set a $51.00 price objective on shares of LXP Industrial Trust in a research note on Friday, February 13th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, LXP Industrial Trust has a consensus rating of “Hold” and a consensus price target of $51.88.

LXP Industrial Trust Stock Performance

Shares of NYSE:LXP opened at $52.32 on Monday. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 35.35 and a beta of 1.06. The company has a 50-day moving average price of $49.44 and a 200-day moving average price of $48.93. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.18. LXP Industrial Trust has a 12 month low of $38.20 and a 12 month high of $52.79.

LXP Industrial Trust (NYSE:LXP) last issued its quarterly earnings data 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 the consensus estimate of $81.47 million. During the same period in the prior year, the firm posted $0.16 earnings per share. The company’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. As a group, equities analysts anticipate that LXP Industrial Trust will post 3.31 EPS for the current year.

LXP Industrial Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors 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 dividend payout ratio is presently 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.