State of New Jersey Common Pension Fund D Has $3.65 Million Position in LXP Industrial Trust $LXP

Key Points

• State of New Jersey Common Pension Fund D cut its LXP stake by 70.3% in Q4, leaving 73,594 shares worth $3.65 million as institutional investors now own about 93.52% of the company.
• LXP reported Q earnings of $0.80 EPS and revenue of $85.95 million (above estimates) and issued FY2026 guidance of 3.220–3.370 EPS, roughly in line with analyst consensus (~3.31).
• The company recently paid a quarterly dividend of $0.70 ($2.80 annualized, 5.5% yield), but the payout ratio is very high at 189.19%, raising concerns about dividend sustainability.

State of New Jersey Common Pension Fund D lowered its holdings in LXP Industrial Trust (NYSE:LXP - Free Report) by 70.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 73,594 shares of the real estate investment trust's stock after selling 174,605 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.12% of LXP Industrial Trust worth $3,649,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Xponance Inc. grew its position in LXP Industrial Trust by 0.9% in the 3rd quarter. Xponance Inc. now owns 24,780 shares of the real estate investment trust's stock valued at $222,000 after purchasing an additional 216 shares during the period. Allworth Financial LP lifted its stake in LXP Industrial Trust by 5.9% during the 3rd quarter. Allworth Financial LP now owns 5,969 shares of the real estate investment trust's stock valued at $53,000 after acquiring an additional 332 shares in the last quarter. Choreo LLC lifted its stake in LXP Industrial Trust by 3.0% during the 3rd quarter. Choreo LLC now owns 29,751 shares of the real estate investment trust's stock valued at $271,000 after acquiring an additional 854 shares in the last quarter. Arizona State Retirement System lifted its stake in LXP Industrial Trust by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 87,517 shares of the real estate investment trust's stock valued at $784,000 after acquiring an additional 1,211 shares in the last quarter. Finally, California State Teachers Retirement System lifted its stake in LXP Industrial Trust by 0.5% during the 2nd quarter. California State Teachers Retirement System now owns 271,954 shares of the real estate investment trust's stock valued at $2,246,000 after acquiring an additional 1,474 shares in the last quarter. Institutional investors and hedge funds own 93.52% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on LXP. JPMorgan Chase & Co. dropped their price objective on LXP Industrial Trust from $50.00 to $49.00 and set a "neutral" rating on the stock in a research note on Thursday, March 5th. Evercore set a $51.00 price objective on LXP Industrial Trust in a research note on Friday, February 13th. Weiss Ratings cut LXP Industrial Trust from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday. Citigroup restated an "outperform" rating on shares of LXP Industrial Trust in a research note on Friday, February 13th. Finally, Wall Street Zen cut LXP Industrial Trust from a "hold" rating to a "sell" rating in a research note on Saturday. Three investment 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, the stock presently has a consensus rating of "Hold" and an average price target of $51.88.

LXP Industrial Trust Trading Down 2.4%

NYSE LXP opened at $50.59 on Tuesday. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 34.19 and a beta of 1.06. LXP Industrial Trust has a one year low of $38.20 and a one year high of $52.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.21 and a quick ratio of 0.21. The business's fifty day moving average is $48.54 and its 200-day moving average is $48.52.

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

LXP Industrial Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date was Tuesday, March 31st. LXP Industrial Trust's 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.