Fisher Asset Management LLC Trims Stock Holdings in LXP Industrial Trust $LXP

Fisher Asset Management LLC decreased its stake in LXP Industrial Trust (NYSE:LXP) by 81.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 308,887 shares of the real estate investment trust’s stock after selling 1,336,415 shares during the period. Fisher Asset Management LLC’s holdings in LXP Industrial Trust were worth $15,315,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Jefferies Financial Group Inc. purchased a new stake in LXP Industrial Trust in the fourth quarter worth about $351,000. Legato Capital Management LLC purchased a new stake in LXP Industrial Trust in the fourth quarter worth about $1,076,000. Global Retirement Partners LLC purchased a new stake in LXP Industrial Trust in the fourth quarter worth about $273,000. IFP Advisors Inc increased its position in LXP Industrial Trust by 63.8% in the fourth quarter. IFP Advisors Inc now owns 837 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 326 shares in the last quarter. Finally, EQ Wealth Advisors LLC purchased a new stake in shares of LXP Industrial Trust during the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 93.52% of the company’s stock.

Wall Street Analysts Forecast Growth

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

LXP Industrial Trust Price Performance

Shares of LXP Industrial Trust stock opened at $52.67 on Thursday. The firm has a market cap of $3.10 billion, a PE ratio of 35.59 and a beta of 1.06. LXP Industrial Trust has a 12 month low of $38.20 and a 12 month high of $53.16. The stock has a 50 day moving average of $49.76 and a 200 day moving average of $49.03. 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 (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. The business had revenue of $85.95 million during the quarter, compared to analyst estimates of $81.47 million. LXP Industrial Trust had a return on equity of 4.80% and a net margin of 27.05%.The company’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period last year, the company earned $0.16 EPS. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. On average, research analysts expect that LXP Industrial Trust will post 3.31 EPS for the current fiscal year.

LXP Industrial Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend was Tuesday, March 31st. LXP Industrial Trust’s dividend payout ratio (DPR) is presently 189.19%.

LXP Industrial Trust Company 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.