LXP Industrial Trust $LXP Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA trimmed its position in LXP Industrial Trust (NYSE:LXP) by 80.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,689 shares of the real estate investment trust’s stock after selling 34,763 shares during the period. Pictet Asset Management Holding SA’s holdings in LXP Industrial Trust were worth $431,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Balyasny Asset Management L.P. lifted its holdings in LXP Industrial Trust by 269.0% in the second quarter. Balyasny Asset Management L.P. now owns 6,432,356 shares of the real estate investment trust’s stock worth $53,131,000 after acquiring an additional 4,688,972 shares during the last quarter. Aew Capital Management L P boosted its position in shares of 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 worth $81,856,000 after buying an additional 3,465,123 shares during the period. Cbre Investment Management Listed Real Assets LLC bought a new stake in LXP Industrial Trust during the third quarter worth approximately $15,508,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in LXP Industrial Trust by 468.5% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,057,488 shares of the real estate investment trust’s stock worth $18,435,000 after purchasing an additional 1,695,558 shares in the last quarter. Finally, M&T Bank Corp bought a new stake in LXP Industrial Trust during the fourth quarter worth approximately $79,619,000. 93.52% of the stock is currently owned by institutional investors and hedge funds.

LXP Industrial Trust Stock Up 1.2%

Shares of LXP opened at $52.37 on Friday. The firm has a market capitalization of $3.09 billion, a P/E ratio of 35.38 and a beta of 1.06. The company has a 50-day simple moving average of $48.75 and a 200-day simple moving average of $48.63. LXP Industrial Trust has a 52 week low of $38.20 and a 52 week high of $52.79. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.21 and a current ratio of 0.21.

LXP Industrial Trust (NYSE:LXP) last posted its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.80 earnings per share for the quarter. The business had revenue of $85.95 million for 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 firm’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.16 earnings per share. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. On average, equities research analysts expect that LXP Industrial Trust will post 3.31 earnings per share for the current year.

LXP Industrial Trust Cuts Dividend

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

Wall Street Analyst Weigh In

Several research firms have issued reports on LXP. Wall Street Zen cut LXP Industrial Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Evercore set a $51.00 price target on shares of LXP Industrial Trust in a report on Friday, February 13th. Citigroup restated an “outperform” rating on shares of LXP Industrial Trust in a report on Friday, February 13th. JPMorgan Chase & Co. decreased 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 report on Thursday, March 5th. Finally, Weiss Ratings cut shares of LXP Industrial Trust from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 1st. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $51.88.

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.