New York State Teachers Retirement System Sells 293,457 Shares of LXP Industrial Trust $LXP

New York State Teachers Retirement System cut its position in shares of LXP Industrial Trust (NYSE:LXP) by 80.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 73,190 shares of the real estate investment trust’s stock after selling 293,457 shares during the period. New York State Teachers Retirement System’s holdings in LXP Industrial Trust were worth $3,629,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Lasalle Investment Management Securities LLC raised its position in LXP Industrial Trust by 6.3% during the 3rd 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 purchasing an additional 578,169 shares in the last quarter. Aew Capital Management L P raised its position in LXP Industrial Trust by 61.1% during the 3rd 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 purchasing an additional 3,465,123 shares in the last quarter. Balyasny Asset Management L.P. raised its position in LXP Industrial Trust by 269.0% during the 2nd quarter. Balyasny Asset Management L.P. now owns 6,432,356 shares of the real estate investment trust’s stock valued at $53,131,000 after purchasing an additional 4,688,972 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in LXP Industrial Trust by 6.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,797,118 shares of the real estate investment trust’s stock valued at $51,942,000 after purchasing an additional 340,733 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of LXP Industrial Trust by 3.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,311,597 shares of the real estate investment trust’s stock worth $38,633,000 after acquiring an additional 145,951 shares in the last quarter. 93.52% of the stock is owned by institutional investors.

LXP Industrial Trust Trading Down 1.0%

LXP opened at $51.75 on Friday. The firm has a market cap of $3.05 billion, a price-to-earnings ratio of 34.97 and a beta of 1.06. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.18. LXP Industrial Trust has a 12 month low of $38.20 and a 12 month high of $52.79. The stock has a fifty day moving average price of $48.75 and a 200-day moving average price of $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 EPS for the quarter. LXP Industrial Trust had a return on equity of 4.80% and a net margin of 27.05%.The firm had revenue of $85.95 million during the quarter, compared to analyst estimates of $81.47 million. During the same period in the previous year, the company posted $0.16 EPS. The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. As a group, equities research analysts anticipate 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 announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 5.4%. The ex-dividend date was Tuesday, March 31st. LXP Industrial Trust’s payout ratio is 189.19%.

Wall Street Analyst Weigh In

LXP has been the subject of several recent research reports. Weiss Ratings lowered LXP Industrial Trust from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. reduced their price target 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. Evercore set a $51.00 price target on LXP Industrial Trust in a research report on Friday, February 13th. Citigroup reissued an “outperform” rating on shares of LXP Industrial Trust in a research report on Friday, February 13th. Finally, Wall Street Zen lowered LXP Industrial Trust from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $51.88.

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.