Sterling Capital Management LLC Has $971,000 Position in LXP Industrial Trust $LXP

Sterling Capital Management LLC reduced its position in shares of LXP Industrial Trust (NYSE:LXP) by 37.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,999 shares of the real estate investment trust’s stock after selling 12,420 shares during the period. Sterling Capital Management LLC’s holdings in LXP Industrial Trust were worth $971,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Xponance Inc. raised its holdings in shares of LXP Industrial Trust by 0.9% during the 3rd quarter. Xponance Inc. now owns 24,780 shares of the real estate investment trust’s stock worth $222,000 after buying an additional 216 shares in the last quarter. IFP Advisors Inc boosted its stake 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 valued at $41,000 after buying an additional 326 shares in the last quarter. Allworth Financial LP grew its position in LXP Industrial Trust by 5.9% in the third quarter. Allworth Financial LP now owns 5,969 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 332 shares during the last quarter. EQ Wealth Advisors LLC bought a new position in LXP Industrial Trust in the fourth quarter valued at about $34,000. Finally, Choreo LLC raised its stake in LXP Industrial Trust by 3.0% during the third quarter. Choreo LLC now owns 29,751 shares of the real estate investment trust’s stock worth $271,000 after acquiring an additional 854 shares in the last quarter. Institutional investors and hedge funds own 93.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on LXP. Weiss Ratings raised shares of LXP Industrial Trust from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, June 15th. Citigroup reaffirmed a “market outperform” rating on shares of LXP Industrial Trust in a research note on Wednesday, June 3rd. JPMorgan Chase & Co. lowered their price target 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. Raymond James Financial initiated coverage on LXP Industrial Trust in a research note on Wednesday, June 17th. They issued a “market perform” rating for the company. Finally, Evercore set a $54.00 price objective on LXP Industrial Trust in a report on Monday, June 8th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, LXP Industrial Trust currently has a consensus rating of “Hold” and a consensus price target of $52.62.

LXP Industrial Trust Stock Performance

NYSE:LXP opened at $53.85 on Wednesday. The company has a market capitalization of $3.17 billion, a PE ratio of 36.39 and a beta of 1.05. The company has a 50 day simple moving average of $52.14 and a two-hundred day simple moving average of $50.18. 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 has a fifty-two week low of $38.20 and a fifty-two week high of $55.62.

LXP Industrial Trust (NYSE:LXP) last released its earnings results 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 for the quarter, compared to analyst estimates of $81.47 million. LXP Industrial Trust had a net margin of 27.05% and a return on equity of 4.80%. LXP Industrial Trust’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.16 earnings per share. 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 earnings per share for the current year.

LXP Industrial Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders 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 (DPR) is 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.