Jennison Associates LLC Sells 82,027 Shares of LXP Industrial Trust $LXP

Key Points

• Jennison Associates cut its stake in LXP Industrial Trust by 86.9%, selling 82,027 shares and retaining 12,399 shares worth about $615,000 as of the latest 13F filing.
• Institutional ownership is high at 93.52% with notable activity including large increases by Balyasny and AEW and a new $79.6M position from M&T Bank, signaling significant portfolio reshuffling among major holders.
• LXP reported $0.80 EPS for the quarter (revenue beat) and set FY2026 guidance of 3.220–3.370 EPS; it pays a quarterly dividend of $0.70 (annualized yield ~5.5%) but shows a high payout ratio of 189.19%.

Jennison Associates LLC lowered its stake in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 86.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 12,399 shares of the real estate investment trust's stock after selling 82,027 shares during the period. Jennison Associates LLC's holdings in LXP Industrial Trust were worth $615,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of LXP. Balyasny Asset Management L.P. lifted its stake 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 acquiring an additional 4,688,972 shares during the period. Aew Capital Management L P lifted its stake 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 acquiring an additional 3,465,123 shares during the period. Cbre Investment Management Listed Real Assets LLC bought a new position in LXP Industrial Trust during the 3rd quarter valued at about $15,508,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in LXP Industrial Trust by 468.5% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,057,488 shares of the real estate investment trust's stock valued at $18,435,000 after acquiring an additional 1,695,558 shares during the period. Finally, M&T Bank Corp bought a new position in LXP Industrial Trust during the 4th quarter valued at about $79,619,000. Institutional investors own 93.52% of the company's stock.

Wall Street Analysts Forecast Growth

LXP has been the topic of several research analyst reports. Citigroup restated an "outperform" rating on shares of LXP Industrial Trust in a research note on Friday, February 13th. Wall Street Zen cut shares of LXP Industrial Trust from a "hold" rating to a "sell" rating in a research note on Saturday. Weiss Ratings lowered shares of LXP Industrial Trust from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday. Evercore set a $51.00 price target on shares of LXP Industrial Trust in a research report on Friday, February 13th. Finally, JPMorgan Chase & Co. reduced their price target on shares of 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. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, LXP Industrial Trust presently has an average rating of "Hold" and an average target price of $51.88.

LXP Industrial Trust Price Performance

NYSE LXP opened at $50.59 on Tuesday. LXP Industrial Trust has a 52 week low of $38.20 and a 52 week high of $52.52. The firm has a market capitalization of $2.98 billion, a P/E 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. The company has a 50-day moving average price of $48.54 and a 200-day moving average price of $48.52.

LXP Industrial Trust (NYSE:LXP - Get Free Report) 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 net margin of 27.05% and a return on equity of 4.80%. The firm had revenue of $85.95 million during the quarter, compared to analyst estimates of $81.47 million. During the same quarter in the prior year, the firm earned $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. Equities research analysts anticipate that LXP Industrial Trust will post 3.31 earnings per share for the current year.

LXP Industrial Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given 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 dividend yield of 5.5%. LXP Industrial Trust's dividend payout ratio is presently 189.19%.

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.

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