Lasalle Investment Management Securities LLC Decreases Stake in LXP Industrial Trust $LXP

Lasalle Investment Management Securities LLC lowered its position in shares of LXP Industrial Trust (NYSE:LXP) by 82.5% in the fourth quarter, Holdings Channel reports. The firm owned 1,710,791 shares of the real estate investment trust’s stock after selling 8,045,265 shares during the period. LXP Industrial Trust makes up about 3.4% of Lasalle Investment Management Securities LLC’s investment portfolio, making the stock its 12th biggest position. Lasalle Investment Management Securities LLC’s holdings in LXP Industrial Trust were worth $84,821,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. EQ Wealth Advisors LLC purchased a new stake in shares of LXP Industrial Trust during the 4th quarter worth about $34,000. IFP Advisors Inc grew its holdings in shares of 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 worth $41,000 after purchasing an additional 326 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in shares of LXP Industrial Trust during the 3rd quarter worth about $26,000. EverSource Wealth Advisors LLC grew its holdings in shares of LXP Industrial Trust by 101.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,481 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 1,755 shares during the period. Finally, Geneos Wealth Management Inc. grew its holdings in shares of LXP Industrial Trust by 82.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,623 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,632 shares during the period. Hedge funds and other institutional investors own 93.52% of the company’s stock.

Analysts Set New Price Targets

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

LXP Industrial Trust Stock Performance

Shares of LXP opened at $51.71 on Monday. The business’s 50 day moving average is $49.90 and its two-hundred day moving average is $49.36. LXP Industrial Trust has a 52-week low of $38.20 and a 52-week high of $53.16. The firm has a market cap of $3.05 billion, a price-to-earnings ratio of 34.94 and a beta of 1.05. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.18.

LXP Industrial Trust (NYSE:LXP) last announced its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter. LXP Industrial Trust had a return on equity of 4.80% and a net margin of 27.05%.The company had revenue of $85.95 million for the quarter, compared to analyst estimates of $81.47 million. During the same period in the prior year, the company posted $0.16 EPS. LXP Industrial Trust’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. Analysts forecast that LXP Industrial Trust will post 3.31 EPS for the current fiscal year.

LXP Industrial Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend 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%.

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.