15,570 Shares in LXP Industrial Trust $LXP Acquired by Neo Ivy Capital Management

Neo Ivy Capital Management acquired a new stake in LXP Industrial Trust (NYSE:LXP) during the third quarter, Holdings Channel.com reports. The fund acquired 15,570 shares of the real estate investment trust’s stock, valued at approximately $140,000.

Several other institutional investors have also added to or reduced their stakes in LXP. EverSource Wealth Advisors LLC boosted its stake in shares of LXP Industrial Trust by 101.7% during the second quarter. EverSource Wealth Advisors LLC now owns 3,481 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 1,755 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of LXP Industrial Trust by 82.0% during the second quarter. Geneos Wealth Management Inc. now owns 3,623 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,632 shares during the last quarter. Pettyjohn Wood & White Inc. acquired a new position in shares of LXP Industrial Trust in the second quarter valued at approximately $84,000. Corient Private Wealth LLC acquired a new position in shares of LXP Industrial Trust in the second quarter valued at approximately $90,000. Finally, Hennion & Walsh Asset Management Inc. bought a new position in LXP Industrial Trust in the 3rd quarter valued at approximately $115,000. 93.52% of the stock is currently owned by institutional investors and hedge funds.

LXP Industrial Trust Price Performance

LXP Industrial Trust stock opened at $47.75 on Monday. The stock’s 50 day moving average is $49.60 and its 200 day moving average is $47.71. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.24 and a quick ratio of 0.24. The firm has a market cap of $2.82 billion, a P/E ratio of 26.38 and a beta of 1.09. LXP Industrial Trust has a one year low of $34.25 and a one year high of $52.52.

LXP Industrial Trust (NYSE:LXP) last announced its earnings results on Thursday, February 12th. The real estate investment trust reported $0.79 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.06). LXP Industrial Trust had a net margin of 32.27% and a return on equity of 5.70%. The company had revenue of $86.74 million during the quarter, compared to the consensus estimate of $86.05 million. During the same quarter in the previous year, the company earned $0.16 earnings per share. The business’s revenue was down 14.0% on a year-over-year basis. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. As a group, research analysts expect that LXP Industrial Trust will post 0.63 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Evercore set a $51.00 target price on shares of LXP Industrial Trust in a research report on Friday, February 13th. Weiss Ratings cut shares of LXP Industrial Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Citigroup reaffirmed an “outperform” rating on shares of LXP Industrial Trust in a research note on Friday, February 13th. JPMorgan Chase & Co. cut their price target on shares of LXP Industrial Trust from $50.00 to $49.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, KeyCorp cut shares of LXP Industrial Trust from an “overweight” rating to a “sector weight” rating in a research note on Thursday, December 4th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, LXP Industrial Trust presently has a consensus rating of “Hold” and an average target price of $51.50.

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.