Kennedy Capital Management LLC Invests $15.79 Million in LXP Industrial Trust $LXP

Kennedy Capital Management LLC purchased a new stake in LXP Industrial Trust (NYSE:LXP) during the 4th quarter, Holdings Channel.com reports. The fund purchased 318,409 shares of the real estate investment trust’s stock, valued at approximately $15,787,000.

Other hedge funds have also recently bought and sold shares of the company. Cbre Investment Management Listed Real Assets LLC purchased a new position in LXP Industrial Trust in the third quarter valued at approximately $15,508,000. Aew Capital Management L P raised its holdings in LXP Industrial Trust by 61.1% in 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 buying an additional 3,465,123 shares during the period. Lasalle Investment Management Securities LLC raised its holdings in LXP Industrial Trust by 6.3% in the third quarter. Lasalle Investment Management Securities LLC now owns 9,756,056 shares of the real estate investment trust’s stock valued at $87,414,000 after buying an additional 578,169 shares during the period. State of New Jersey Common Pension Fund D raised its holdings in LXP Industrial Trust by 9.8% in the third quarter. State of New Jersey Common Pension Fund D now owns 248,199 shares of the real estate investment trust’s stock valued at $2,224,000 after buying an additional 22,096 shares during the period. Finally, Intech Investment Management LLC raised its holdings in LXP Industrial Trust by 21.9% in the third quarter. Intech Investment Management LLC now owns 224,336 shares of the real estate investment trust’s stock valued at $2,010,000 after buying an additional 40,230 shares during the period. Hedge funds and other institutional investors own 93.52% of the company’s stock.

LXP Industrial Trust Trading Up 1.0%

LXP opened at $53.11 on Friday. The firm has a market capitalization of $3.13 billion, a P/E ratio of 35.89 and a beta of 1.05. The firm’s 50 day moving average is $50.92 and its 200-day moving average is $49.72. LXP Industrial Trust has a 52-week low of $38.20 and a 52-week high of $53.63. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.18.

LXP Industrial Trust (NYSE:LXP) last posted its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter. The company 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%. The business’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 earnings per share. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. Analysts expect that LXP Industrial Trust will post 3.33 EPS for the current fiscal year.

LXP Industrial Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a dividend of $0.70 per share. The ex-dividend date was Tuesday, March 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.3%. LXP Industrial Trust’s dividend payout ratio (DPR) is currently 189.19%.

Wall Street Analyst Weigh In

Several research analysts recently commented on LXP shares. Evercore set a $54.00 price target on shares of LXP Industrial Trust in a report on Monday, June 8th. 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, March 5th. Wall Street Zen upgraded shares of LXP Industrial Trust from a “sell” rating to a “hold” rating in a report on Saturday. KeyCorp restated a “sector weight” rating on shares of LXP Industrial Trust in a report on Tuesday. Finally, Citigroup restated a “market outperform” rating on shares of LXP Industrial Trust in a report on Wednesday, June 3rd. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $52.63.

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.