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

Key Points

• New York State Teachers Retirement System sold 293,457 shares, trimming its stake in LXP Industrial Trust by 80% to 73,190 shares (about 0.12% of the company) worth $3.63 million at quarter-end.
• LXP reported $0.80 EPS and $85.95 million in revenue for the quarter (beating revenue estimates), but revenue was down 3.3% year-over-year and the company set FY2026 guidance of 3.220–3.370 EPS (sell-side consensus 3.31).
• The REIT recently paid a quarterly dividend of $0.70 (annualized $2.80) yielding 5.4%, but its payout ratio is very high at 189.19%, signaling potential sustainability concerns.

New York State Teachers Retirement System trimmed its stake in LXP Industrial Trust (NYSE:LXP - Free Report) by 80.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 owned approximately 0.12% of LXP Industrial Trust worth $3,629,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Allianz Asset Management GmbH lifted its stake in shares of LXP Industrial Trust by 144.9% in 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 purchasing an additional 596,457 shares during the last quarter. AE Wealth Management LLC lifted its stake in shares of LXP Industrial Trust by 8.1% in the 3rd 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 last quarter. AlphaQuest LLC lifted its stake in shares of LXP Industrial Trust by 109.6% in the 3rd 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 last quarter. Cbre Investment Management Listed Real Assets LLC bought a new stake in shares of LXP Industrial Trust in the 3rd quarter valued at approximately $15,508,000. Finally, Aew Capital Management L P lifted its stake in shares of 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. 93.52% of the stock is owned by institutional investors.

LXP Industrial Trust Price Performance

Shares of LXP stock opened at $51.75 on Friday. LXP Industrial Trust has a 52-week low of $38.20 and a 52-week high of $52.79. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.21 and a current ratio of 0.21. The firm has a market capitalization of $3.05 billion, a P/E ratio of 34.97 and a beta of 1.06. The stock has a 50 day moving average price of $48.75 and a 200 day moving average price of $48.63.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last issued its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.80 earnings per share for the quarter. The business had revenue of $85.95 million during the quarter, compared to analyst estimates of $81.47 million. LXP Industrial Trust had a return on equity of 4.80% and a net margin of 27.05%.LXP Industrial Trust's revenue was down 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.16 EPS. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. As a group, sell-side analysts predict that LXP Industrial Trust will post 3.31 earnings per share for the current year.

LXP Industrial Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders 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 dividend on an annualized basis and a yield of 5.4%. LXP Industrial Trust's payout ratio is 189.19%.

Wall Street Analyst Weigh In

LXP has been the subject of a number of research analyst reports. Citigroup reissued an "outperform" rating on shares of LXP Industrial Trust in a research note on Friday, February 13th. JPMorgan Chase & Co. decreased their price target on LXP Industrial Trust from $50.00 to $49.00 and set a "neutral" rating for the company in a research note on Thursday, March 5th. Wall Street Zen lowered LXP Industrial Trust from a "hold" rating to a "sell" rating in a research note on Saturday, May 2nd. Evercore set a $51.00 price target on LXP Industrial Trust in a research note on Friday, February 13th. Finally, Weiss Ratings lowered LXP Industrial Trust from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday, May 1st. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $51.88.

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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