Legato Capital Management LLC Makes New Investment in LXP Industrial Trust $LXP

Legato Capital Management LLC acquired a new position in shares of LXP Industrial Trust (NYSE:LXP) during the fourth quarter, Holdings Channel reports. The fund acquired 21,703 shares of the real estate investment trust’s stock, valued at approximately $1,076,000.

A number of other hedge funds have also recently bought and sold shares of the company. Lasalle Investment Management Securities LLC boosted its holdings 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 worth $87,414,000 after acquiring an additional 578,169 shares during the last quarter. Aew Capital Management L P boosted its holdings 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 worth $81,856,000 after acquiring an additional 3,465,123 shares during the last quarter. Balyasny Asset Management L.P. boosted its holdings 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 worth $53,131,000 after acquiring an additional 4,688,972 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in LXP Industrial Trust by 3.5% during 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 during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in LXP Industrial Trust by 14.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,717,830 shares of the real estate investment trust’s stock worth $32,159,000 after acquiring an additional 458,195 shares during the last quarter. 93.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. 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. Citigroup reissued an “outperform” rating on shares of LXP Industrial Trust in a report on Friday, February 13th. Evercore set a $51.00 price target on shares of LXP Industrial Trust in a report on Friday, February 13th. JPMorgan Chase & Co. cut their price target 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. Finally, Wall Street Zen downgraded shares of LXP Industrial Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $51.88.

LXP Industrial Trust Price Performance

NYSE LXP opened at $52.32 on Monday. The company has a market cap of $3.08 billion, a PE ratio of 35.35 and a beta of 1.06. LXP Industrial Trust has a 52 week low of $38.20 and a 52 week high of $52.79. 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 firm’s 50-day simple moving average is $49.44 and its two-hundred day simple moving average is $48.93.

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 business 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 was down 3.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.16 earnings per share. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. Research analysts predict that LXP Industrial Trust will post 3.31 earnings per share for the current year.

LXP Industrial Trust Cuts Dividend

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