Sumitomo Mitsui Trust Group Inc. Purchases 36,043 Shares of LXP Industrial Trust $LXP

Sumitomo Mitsui Trust Group Inc. raised its position in LXP Industrial Trust (NYSE:LXP) by 3.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,159,623 shares of the real estate investment trust’s stock after purchasing an additional 36,043 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in LXP Industrial Trust were worth $53,644,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. IFP Advisors Inc grew its holdings in shares of LXP Industrial Trust by 63.8% during the fourth quarter. IFP Advisors Inc now owns 837 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 326 shares during the last quarter. Allworth Financial LP raised its holdings in LXP Industrial Trust by 5.9% in 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 during the last quarter. EQ Wealth Advisors LLC bought a new position in LXP Industrial Trust in the 4th quarter valued at approximately $34,000. Pictet Asset Management Holding SA boosted its position in LXP Industrial Trust by 11.6% during the 1st quarter. Pictet Asset Management Holding SA now owns 9,698 shares of the real estate investment trust’s stock worth $449,000 after buying an additional 1,009 shares during the period. Finally, Resona Asset Management Co. Ltd. boosted its position in LXP Industrial Trust by 4.7% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 26,174 shares of the real estate investment trust’s stock worth $1,213,000 after buying an additional 1,164 shares during the period. 93.52% of the stock is owned by institutional investors and hedge funds.

LXP Industrial Trust Stock Down 0.1%

LXP Industrial Trust stock opened at $55.01 on Monday. 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 $56.93. The firm has a 50 day moving average price of $52.89 and a two-hundred day moving average price of $50.47. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of 37.17 and a beta of 1.04.

LXP Industrial Trust (NYSE:LXP) last posted its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.80 EPS for the quarter. LXP Industrial Trust had a net margin of 27.05% and a return on equity of 4.80%. 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 prior year, the firm posted $0.16 EPS. The company’s quarterly 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. Equities analysts predict that LXP Industrial Trust will post 3.34 EPS for the current year.

LXP Industrial Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.70 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.80 annualized dividend and a yield of 5.1%. LXP Industrial Trust’s payout ratio is presently 189.19%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on LXP shares. Citigroup restated a “market outperform” rating on shares of LXP Industrial Trust in a research report on Wednesday, June 3rd. Weiss Ratings upgraded shares of LXP Industrial Trust from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 15th. Raymond James Financial began coverage on shares of LXP Industrial Trust in a research note on Wednesday, June 17th. They issued a “market perform” rating on the stock. KeyCorp restated a “sector weight” rating on shares of LXP Industrial Trust in a report on Tuesday, June 9th. Finally, BMO Capital Markets began coverage on LXP Industrial Trust in a research report on Thursday. They set an “outperform” rating and a $65.00 target price for the company. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, LXP Industrial Trust currently has an average rating of “Hold” and an average target price of $55.10.

LXP Industrial Trust Company 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.