Horizon Investments LLC Sells 45,704 Shares of LXP Industrial Trust $LXP

Horizon Investments LLC lessened its holdings in shares of LXP Industrial Trust (NYSE:LXP) by 71.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 17,841 shares of the real estate investment trust’s stock after selling 45,704 shares during the period. Horizon Investments LLC’s holdings in LXP Industrial Trust were worth $885,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Xponance Inc. boosted its position in shares of LXP Industrial Trust by 0.9% during the 3rd quarter. Xponance Inc. now owns 24,780 shares of the real estate investment trust’s stock valued at $222,000 after acquiring an additional 216 shares during the last quarter. Allworth Financial LP raised its holdings in shares of LXP Industrial Trust by 5.9% during the 3rd quarter. Allworth Financial LP now owns 5,969 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 332 shares in the last quarter. EQ Wealth Advisors LLC purchased a new position in shares of LXP Industrial Trust during the 4th quarter valued at about $34,000. Choreo LLC raised its holdings in shares of LXP Industrial Trust by 3.0% during the 3rd quarter. Choreo LLC now owns 29,751 shares of the real estate investment trust’s stock valued at $271,000 after buying an additional 854 shares in the last quarter. Finally, Arizona State Retirement System raised its holdings in shares of LXP Industrial Trust by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 87,517 shares of the real estate investment trust’s stock valued at $784,000 after buying an additional 1,211 shares in the last quarter. Institutional investors own 93.52% of the company’s stock.

LXP Industrial Trust Price Performance

LXP opened at $51.75 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.21 and a current ratio of 0.21. LXP Industrial Trust has a 52-week low of $38.20 and a 52-week high of $52.79. The stock has a market capitalization of $3.05 billion, a PE ratio of 34.97 and a beta of 1.06. The stock’s 50 day moving average price is $48.75 and its 200-day moving average price is $48.63.

LXP Industrial Trust (NYSE:LXP) last released its quarterly earnings results 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 analyst estimates of $81.47 million. During the same period in the previous year, the company posted $0.16 earnings per share. The firm’s revenue 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. On average, equities research analysts predict that LXP Industrial Trust will post 3.31 EPS for the current year.

LXP Industrial Trust Cuts Dividend

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

Wall Street Analysts Forecast Growth

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

About LXP Industrial Trust

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.