Jupiter Asset Management Ltd. Purchases Shares of 38,661 LXP Industrial Trust $LXP

Jupiter Asset Management Ltd. purchased a new stake in shares of LXP Industrial Trust (NYSE:LXP) during the fourth quarter, HoldingsChannel reports. The fund purchased 38,661 shares of the real estate investment trust’s stock, valued at approximately $1,917,000.

A number of other institutional investors and hedge funds have also bought and sold shares of LXP. Balyasny Asset Management L.P. raised its holdings in LXP Industrial Trust by 269.0% during the second quarter. Balyasny Asset Management L.P. now owns 6,432,356 shares of the real estate investment trust’s stock valued at $53,131,000 after acquiring an additional 4,688,972 shares during the period. Aew Capital Management L P raised its holdings in 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 valued at $81,856,000 after acquiring 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 valued at about $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 valued at $18,435,000 after acquiring an additional 1,695,558 shares during the period. Finally, M&T Bank Corp bought a new stake in LXP Industrial Trust during the fourth quarter valued at about $79,619,000. 93.52% of the stock is owned by institutional investors.

LXP Industrial Trust Trading Down 1.3%

Shares of NYSE LXP opened at $51.71 on Friday. The business’s 50 day moving average is $49.90 and its two-hundred day moving average is $49.08. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.21 and a quick ratio of 0.21. LXP Industrial Trust has a 1-year low of $38.20 and a 1-year high of $53.16. The stock has a market capitalization of $3.05 billion, a P/E ratio of 34.94 and a beta of 1.06.

LXP Industrial Trust (NYSE:LXP) last issued its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.80 earnings per share for the quarter. LXP Industrial Trust had a return on equity of 4.80% and a net margin of 27.05%.The company had revenue of $85.95 million for the quarter, compared to analysts’ expectations of $81.47 million. During the same period in the previous year, the firm posted $0.16 earnings per share. The firm’s revenue for the quarter was down 3.3% 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 3.31 EPS for the current year.

LXP Industrial Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend was Tuesday, March 31st. LXP Industrial Trust’s payout ratio is presently 189.19%.

Analyst Ratings Changes

A number of equities research analysts have commented on LXP shares. Evercore set a $51.00 price target on LXP Industrial Trust in a report on Friday, February 13th. Wall Street Zen cut LXP Industrial Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Citigroup reissued an “outperform” rating on shares of LXP Industrial Trust in a report on Friday, February 13th. JPMorgan Chase & Co. reduced their target price on LXP Industrial Trust from $50.00 to $49.00 and set a “neutral” rating on the stock in a report on Thursday, March 5th. Finally, Weiss Ratings cut LXP Industrial Trust from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 1st. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average 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.