Arizona State Retirement System Reduces Stock Position in LXP Industrial Trust $LXP

Key Points

• Arizona State Retirement System cut its stake in LXP Industrial Trust by 81.2% in Q4, selling 71,089 shares and leaving it with 16,428 shares valued at $814,000.
• Other institutions largely increased exposure—Aew Capital added ~3.47 million shares and Allianz bought ~596,457 shares—so about 93.52% of LXP is held by hedge funds and other institutional investors.
• LXP reported $0.80 EPS for the quarter and set FY2026 guidance of 3.220–3.370 EPS, but it pays a $0.70 quarterly dividend (5.5% yield) with a 189% payout ratio; analysts’ consensus rating is Hold with a $51.88 target.

Arizona State Retirement System reduced its holdings in LXP Industrial Trust (NYSE:LXP - Free Report) by 81.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,428 shares of the real estate investment trust's stock after selling 71,089 shares during the period. Arizona State Retirement System's holdings in LXP Industrial Trust were worth $814,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in LXP. Allianz Asset Management GmbH raised its position in shares of LXP Industrial Trust by 144.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,008,049 shares of the real estate investment trust's stock valued at $9,032,000 after buying an additional 596,457 shares during the period. AE Wealth Management LLC raised its position in LXP Industrial Trust by 8.1% in the third quarter. AE Wealth Management LLC now owns 290,568 shares of the real estate investment trust's stock valued at $2,603,000 after purchasing an additional 21,826 shares during the period. AlphaQuest LLC raised its position in LXP Industrial Trust by 109.6% in the third quarter. AlphaQuest LLC now owns 232,907 shares of the real estate investment trust's stock valued at $2,087,000 after purchasing an additional 121,790 shares during the period. Aew Capital Management L P raised its position in LXP Industrial Trust by 61.1% in the third 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 during the period. Finally, Cbre Investment Management Listed Real Assets LLC purchased a new stake in LXP Industrial Trust in the third quarter valued at approximately $15,508,000. 93.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on LXP shares. Wall Street Zen lowered LXP Industrial Trust from a "hold" rating to a "sell" rating in a research report on Saturday. Evercore set a $51.00 target price on LXP Industrial Trust in a research report on Friday, February 13th. Weiss Ratings lowered LXP Industrial Trust from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday. Citigroup reissued an "outperform" rating on shares of LXP Industrial Trust in a research report on Friday, February 13th. Finally, JPMorgan Chase & Co. cut their target price on LXP Industrial Trust from $50.00 to $49.00 and set a "neutral" rating on the stock in a research report on Thursday, March 5th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $51.88.

LXP Industrial Trust Stock Performance

NYSE:LXP opened at $50.59 on Tuesday. The company has a fifty day simple moving average of $48.54 and a two-hundred day simple moving average of $48.52. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 34.19 and a beta of 1.06. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.18. LXP Industrial Trust has a 52 week low of $38.20 and a 52 week high of $52.52.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.80 EPS for the quarter. The business had revenue of $85.95 million during 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 quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.16 earnings per share. 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 3.31 earnings per share for the current fiscal year.

LXP Industrial Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a $0.70 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $2.80 annualized dividend and a dividend yield of 5.5%. LXP Industrial Trust's payout ratio is 189.19%.

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.

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