Norges Bank Purchases New Position in LXP Industrial Trust $LXP

Norges Bank purchased a new stake in shares of LXP Industrial Trust (NYSE:LXP) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,209,227 shares of the real estate investment trust’s stock, valued at approximately $59,953,000. Norges Bank owned about 2.04% of LXP Industrial Trust as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd bought a new position in LXP Industrial Trust during the 3rd quarter valued at about $26,000. EverSource Wealth Advisors LLC lifted its holdings in LXP Industrial Trust by 101.7% during the 2nd 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 during the last quarter. Geneos Wealth Management Inc. lifted its holdings in LXP Industrial Trust by 82.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,623 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 1,632 shares during the last quarter. EQ Wealth Advisors LLC bought a new position in LXP Industrial Trust during the 4th quarter valued at about $34,000. Finally, IFP Advisors Inc lifted its position in LXP Industrial Trust by 63.8% during the 4th quarter. IFP Advisors Inc now owns 837 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 326 shares in the last quarter. 93.52% of the stock is owned by institutional investors.

LXP Industrial Trust Stock Performance

Shares of LXP stock opened at $52.14 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.21 and a quick ratio of 0.21. The stock has a market cap of $3.07 billion, a PE ratio of 35.23 and a beta of 1.05. The stock has a 50-day moving average of $50.30 and a 200-day moving average of $49.52. LXP Industrial Trust has a one year low of $38.20 and a one year high of $53.16.

LXP Industrial Trust (NYSE:LXP) last announced its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.80 EPS for the quarter. The company had revenue of $85.95 million during the quarter, compared to analysts’ expectations of $81.47 million. LXP Industrial Trust had a return on equity of 4.80% and a net margin of 27.05%.LXP Industrial Trust’s revenue was down 3.3% on a year-over-year basis. During the same period in the prior 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, sell-side analysts expect that LXP Industrial Trust will post 3.33 earnings per share for the current year.

LXP Industrial Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders 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 dividend yield of 5.4%. LXP Industrial Trust’s dividend payout ratio is 189.19%.

Wall Street Analyst Weigh In

LXP has been the topic of several research reports. Evercore set a $51.00 price target on shares of LXP Industrial Trust in a research report on Friday, February 13th. Wall Street Zen downgraded shares of LXP Industrial Trust from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Citigroup reissued a “market outperform” rating on shares of LXP Industrial Trust in a research note on Wednesday. JPMorgan Chase & Co. decreased 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 research note 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 research note on Friday, May 1st. 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.com, the company currently has a consensus rating of “Hold” and a consensus 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.