Thrivent Financial for Lutherans Sells 158,849 Shares of LXP Industrial Trust $LXP

Thrivent Financial for Lutherans lowered its stake in LXP Industrial Trust (NYSE:LXP) by 74.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 54,540 shares of the real estate investment trust’s stock after selling 158,849 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.09% of LXP Industrial Trust worth $2,704,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of LXP. Xponance Inc. grew its position in shares of LXP Industrial Trust by 0.9% in the third quarter. Xponance Inc. now owns 24,780 shares of the real estate investment trust’s stock valued at $222,000 after purchasing an additional 216 shares during the last quarter. Allworth Financial LP grew its position in LXP Industrial Trust by 5.9% during the third quarter. Allworth Financial LP now owns 5,969 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 332 shares in the last quarter. EQ Wealth Advisors LLC acquired a new stake in LXP Industrial Trust during the fourth quarter worth approximately $34,000. Choreo LLC grew its position 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 buying an additional 854 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in LXP Industrial Trust by 1.4% during the third quarter. Arizona State Retirement System now owns 87,517 shares of the real estate investment trust’s stock worth $784,000 after purchasing an additional 1,211 shares during the last quarter. Institutional investors and hedge funds own 93.52% of the company’s stock.

LXP Industrial Trust Stock Performance

Shares of LXP Industrial Trust stock opened at $52.32 on Monday. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average price of $49.44 and a two-hundred day moving average price of $48.93. LXP Industrial Trust has a 1-year low of $38.20 and a 1-year high of $52.79. The company has a market cap of $3.08 billion, a P/E ratio of 35.35 and a beta of 1.06.

LXP Industrial Trust (NYSE:LXP) last issued its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.80 earnings per share for the quarter. The firm had revenue of $85.95 million during the quarter, compared to the consensus estimate of $81.47 million. LXP Industrial Trust had a return on equity of 4.80% and a net margin of 27.05%.The business’s revenue was down 3.3% compared to the same quarter last year. During the same period last year, the business posted $0.16 EPS. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. As a group, analysts anticipate that LXP Industrial Trust will post 3.31 EPS for the current year.

LXP Industrial Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued 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 payout ratio is 189.19%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Weiss Ratings cut LXP Industrial Trust from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Evercore set a $51.00 target price on LXP Industrial Trust in a research note on Friday, February 13th. Wall Street Zen cut LXP Industrial Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Citigroup restated an “outperform” rating on shares of LXP Industrial Trust in a research note on Friday, February 13th. Finally, 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 note on Thursday, March 5th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $51.88.

LXP Industrial Trust 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.