Nomura Asset Management Co. Ltd. Trims Holdings in LXP Industrial Trust $LXP

Nomura Asset Management Co. Ltd. cut its stake in LXP Industrial Trust (NYSE:LXP) by 79.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 88,959 shares of the real estate investment trust’s stock after selling 341,841 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.15% of LXP Industrial Trust worth $4,411,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LXP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in LXP Industrial Trust by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 172,981 shares of the real estate investment trust’s stock worth $1,496,000 after buying an additional 7,577 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in LXP Industrial Trust during the first quarter worth about $129,000. Goldman Sachs Group Inc. grew its position in LXP Industrial Trust by 14.1% during the first quarter. Goldman Sachs Group Inc. now owns 3,717,830 shares of the real estate investment trust’s stock worth $32,159,000 after buying an additional 458,195 shares in the last quarter. United Services Automobile Association purchased a new position in LXP Industrial Trust during the first quarter worth about $158,000. Finally, Jane Street Group LLC grew its position in LXP Industrial Trust by 6,092.1% during the first quarter. Jane Street Group LLC now owns 948,134 shares of the real estate investment trust’s stock worth $8,201,000 after buying an additional 932,822 shares in the last quarter. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on LXP shares. Evercore set a $51.00 target price on LXP Industrial Trust in a research 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 for the company in a research report on Thursday, March 5th. Weiss Ratings lowered LXP Industrial Trust from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Citigroup reaffirmed a “market outperform” rating on shares of LXP Industrial Trust in a research note on Wednesday. Finally, Wall Street Zen lowered LXP Industrial Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, LXP Industrial Trust presently has an average rating of “Hold” and an average target price of $51.88.

LXP Industrial Trust Trading Up 2.9%

Shares of LXP stock opened at $51.58 on Friday. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average price of $50.18 and a two-hundred day moving average price of $49.48. LXP Industrial Trust has a 12-month low of $38.20 and a 12-month high of $53.16. The firm has a market cap of $3.04 billion, a P/E ratio of 34.85 and a beta of 1.05.

LXP Industrial Trust (NYSE:LXP) last released its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.80 EPS 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 return on equity of 4.80% and a net margin of 27.05%.The company’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.16 earnings per share. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. Equities analysts anticipate that LXP Industrial Trust will post 3.33 EPS for the current fiscal year.

LXP Industrial Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a $0.70 dividend. 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%.

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.