Easterly Investment Partners LLC Lowers Stock Position in LXP Industrial Trust $LXP

Easterly Investment Partners LLC cut its position in shares of LXP Industrial Trust (NYSE:LXP) by 80.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,218 shares of the real estate investment trust’s stock after selling 44,879 shares during the period. Easterly Investment Partners LLC’s holdings in LXP Industrial Trust were worth $556,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. EQ Wealth Advisors LLC purchased a new stake in LXP Industrial Trust during the fourth quarter worth $34,000. IFP Advisors Inc boosted its holdings in LXP Industrial Trust by 63.8% during the fourth 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. Caitong International Asset Management Co. Ltd purchased a new stake in LXP Industrial Trust during the third quarter worth $26,000. EverSource Wealth Advisors LLC boosted its holdings in 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 worth $29,000 after buying an additional 1,755 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in 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 buying an additional 1,632 shares in the last quarter. 93.52% of the stock is owned by hedge funds and other institutional investors.

LXP Industrial Trust Stock Performance

NYSE:LXP opened at $50.23 on Tuesday. The company’s 50-day moving average price is $49.94 and its 200-day moving average price is $49.38. 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 company has a market cap of $2.96 billion, a P/E ratio of 33.94 and a beta of 1.05. LXP Industrial Trust has a twelve month low of $38.20 and a twelve month high of $53.16.

LXP Industrial Trust (NYSE:LXP) last posted 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 for the quarter, compared to the consensus estimate of $81.47 million. LXP Industrial Trust had a net margin of 27.05% and a return on equity of 4.80%. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period 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. On average, sell-side analysts forecast that LXP Industrial Trust will post 3.31 earnings per share for the current fiscal year.

LXP Industrial Trust Cuts Dividend

The firm 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. This represents a $2.80 annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend was Tuesday, March 31st. LXP Industrial Trust’s dividend payout ratio (DPR) is currently 189.19%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LXP. Citigroup reissued an “outperform” rating on shares of LXP Industrial Trust in a report on Friday, February 13th. Evercore set a $51.00 price objective on shares of LXP Industrial Trust in a report on Friday, February 13th. Weiss Ratings downgraded shares of LXP Industrial Trust from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 1st. Wall Street Zen downgraded shares of LXP Industrial Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Finally, JPMorgan Chase & Co. decreased their price objective 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. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, LXP Industrial Trust presently has a consensus rating of “Hold” and an average target price of $51.88.

LXP Industrial Trust Company 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.