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

Shikiar Asset Management Inc. increased its holdings in LXP Industrial Trust (NYSE:LXP) by 10.2% in the first quarter, Holdings Channel.com reports. The firm owned 133,480 shares of the real estate investment trust’s stock after acquiring an additional 12,365 shares during the period. LXP Industrial Trust makes up approximately 1.8% of Shikiar Asset Management Inc.’s investment portfolio, making the stock its 16th biggest position. Shikiar Asset Management Inc.’s holdings in LXP Industrial Trust were worth $6,175,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in LXP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in LXP Industrial Trust by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 172,981 shares of the real estate investment trust’s stock valued at $1,496,000 after buying an additional 7,577 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of LXP Industrial Trust in the first quarter worth about $129,000. Goldman Sachs Group Inc. increased its holdings in shares of LXP Industrial Trust by 14.1% in the first quarter. Goldman Sachs Group Inc. now owns 3,717,830 shares of the real estate investment trust’s stock worth $32,159,000 after buying an additional 458,195 shares during the period. United Services Automobile Association bought a new stake in shares of LXP Industrial Trust in the 1st quarter valued at about $158,000. Finally, Jane Street Group LLC lifted its stake in shares of LXP Industrial Trust by 6,092.1% in the 1st quarter. Jane Street Group LLC now owns 948,134 shares of the real estate investment trust’s stock valued at $8,201,000 after acquiring an additional 932,822 shares during the last quarter. Institutional investors own 93.52% of the company’s stock.

LXP Industrial Trust Stock Down 2.6%

Shares of LXP Industrial Trust stock opened at $53.85 on Wednesday. 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 $55.62. The company has a market cap of $3.17 billion, a P/E ratio of 36.39 and a beta of 1.05. The company’s fifty day simple moving average is $52.14 and its two-hundred day simple moving average is $50.18.

LXP Industrial Trust (NYSE:LXP) last posted its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.80 EPS for the quarter. The firm had revenue of $85.95 million during the quarter, compared to analysts’ expectations of $81.47 million. LXP Industrial Trust had a net margin of 27.05% and a return on equity of 4.80%. The company’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period last year, the company posted $0.16 EPS. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. Research analysts anticipate that LXP Industrial Trust will post 3.35 EPS for the current year.

LXP Industrial Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Tuesday, June 30th. LXP Industrial Trust’s dividend payout ratio is presently 189.19%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on LXP shares. KeyCorp restated a “sector weight” rating on shares of LXP Industrial Trust in a report on Tuesday, June 9th. Raymond James Financial began coverage on LXP Industrial Trust in a research note on Wednesday, June 17th. They issued a “market perform” rating on the stock. Weiss Ratings upgraded LXP Industrial Trust from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 15th. Evercore set a $54.00 price objective on LXP Industrial Trust in a research note on Monday, June 8th. Finally, Citigroup restated a “market outperform” rating on shares of LXP Industrial Trust in a report on Wednesday, June 3rd. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $52.62.

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.