LXP Industrial Trust $LXP Shares Acquired by Public Sector Pension Investment Board

Public Sector Pension Investment Board boosted its position in LXP Industrial Trust (NYSE:LXP) by 14.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,153,763 shares of the real estate investment trust’s stock after buying an additional 145,481 shares during the period. Public Sector Pension Investment Board’s holdings in LXP Industrial Trust were worth $10,338,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in LXP Industrial Trust in the second quarter valued at $58,163,000. Balyasny Asset Management L.P. boosted its position in shares of LXP Industrial Trust by 269.0% in the 2nd quarter. Balyasny Asset Management L.P. now owns 6,432,356 shares of the real estate investment trust’s stock worth $53,131,000 after buying an additional 4,688,972 shares in the last quarter. Lasalle Investment Management Securities LLC grew its stake in LXP Industrial Trust by 44.4% in the 2nd quarter. Lasalle Investment Management Securities LLC now owns 9,177,887 shares of the real estate investment trust’s stock valued at $75,809,000 after acquiring an additional 2,822,835 shares during the last quarter. Qube Research & Technologies Ltd grew its stake in LXP Industrial Trust by 359.3% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,918,740 shares of the real estate investment trust’s stock valued at $15,849,000 after acquiring an additional 1,501,010 shares during the last quarter. Finally, DigitalBridge Group Inc. purchased a new position in LXP Industrial Trust during the 2nd quarter valued at about $8,631,000. 93.52% of the stock is owned by institutional investors and hedge funds.

LXP Industrial Trust Stock Performance

Shares of LXP opened at $47.76 on Tuesday. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 26.39 and a beta of 1.10. The firm has a fifty day moving average of $50.04 and a 200-day moving average of $46.93. LXP Industrial Trust has a 1 year low of $44.17 and a 1 year high of $97.90. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.24 and a current ratio of 0.24.

LXP Industrial Trust (NYSE:LXP) last released its earnings results on Thursday, February 12th. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.06). LXP Industrial Trust had a net margin of 32.27% and a return on equity of 5.70%. The business had revenue of $86.74 million during the quarter, compared to analysts’ expectations of $86.05 million. During the same quarter in the previous year, the company earned $0.16 EPS. LXP Industrial Trust’s revenue for the quarter was down 14.0% on a year-over-year basis. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. As a group, equities analysts anticipate that LXP Industrial Trust will post 0.63 earnings per share for the current year.

Analyst Ratings Changes

LXP has been the topic of several recent research reports. JMP Securities set a $57.50 price target on shares of LXP Industrial Trust and gave the company a “market outperform” rating in a report on Tuesday, October 28th. Citizens Jmp raised LXP Industrial Trust from a “market perform” rating to an “outperform” rating and set a $57.50 price target on the stock in a research note on Tuesday, October 28th. Evercore ISI set a $51.00 price target on shares of LXP Industrial Trust in a research report on Friday. Weiss Ratings downgraded LXP Industrial Trust from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Finally, Citigroup restated an “outperform” rating on shares of LXP Industrial Trust in a report on Friday. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $53.50.

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.