Sumitomo Mitsui Trust Group Inc. Has $55.71 Million Stake in LXP Industrial Trust $LXP

Key Points

• Sumitomo Mitsui Trust Group trimmed its stake in LXP Industrial Trust by 80.6% in Q4, selling 4,673,538 shares and finishing with 1,123,580 shares (about 1.90%) valued at approximately $55.71 million.
• LXP paid a $0.70 quarterly dividend (annualized $2.80, ~5.6% yield), but the payout ratio is 154.7%, suggesting the dividend may be unsustainable.
• Analysts carry a consensus "Hold" rating with an average price target of $51.50, and the company recently missed quarterly EPS (reported $0.79 vs. $0.85 expected), signaling a mixed near-term outlook.

Sumitomo Mitsui Trust Group Inc. trimmed its stake in LXP Industrial Trust (NYSE:LXP - Free Report) by 80.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,123,580 shares of the real estate investment trust's stock after selling 4,673,538 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 1.90% of LXP Industrial Trust worth $55,707,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd acquired a new stake in LXP Industrial Trust in the third quarter valued at $26,000. EverSource Wealth Advisors LLC increased its holdings in LXP Industrial Trust by 101.7% in the second quarter. EverSource Wealth Advisors LLC now owns 3,481 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 1,755 shares during the period. Geneos Wealth Management Inc. increased its holdings in LXP Industrial Trust by 82.0% in the second quarter. Geneos Wealth Management Inc. now owns 3,623 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 1,632 shares during the period. Allworth Financial LP increased its holdings in LXP Industrial Trust by 5.9% in the third quarter. Allworth Financial LP now owns 5,969 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 332 shares during the period. Finally, Corient Private Wealth LLC acquired a new stake in LXP Industrial Trust in the second quarter valued at $90,000. 93.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LXP has been the subject of a number of recent research reports. Wall Street Zen upgraded LXP Industrial Trust from a "sell" rating to a "hold" rating in a report on Sunday, April 5th. Citigroup restated an "outperform" rating on shares of LXP Industrial Trust in a report on Friday, February 13th. Evercore set a $51.00 price objective on LXP Industrial Trust in a report on Friday, February 13th. Weiss Ratings restated a "hold (c+)" rating on shares of LXP Industrial Trust in a report on Friday, April 10th. Finally, JPMorgan Chase & Co. decreased their price objective on LXP Industrial Trust from $50.00 to $49.00 and set a "neutral" rating for the company in a report on Thursday, March 5th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $51.50.

LXP Industrial Trust Stock Performance

Shares of LXP Industrial Trust stock opened at $49.62 on Thursday. LXP Industrial Trust has a one year low of $37.30 and a one year high of $52.52. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 27.42 and a beta of 1.09. The business has a 50-day simple moving average of $48.26 and a 200 day simple moving average of $48.11. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.24 and a quick ratio of 0.24.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last issued its earnings results on Thursday, February 12th. The real estate investment trust reported $0.79 EPS for the quarter, missing analysts' consensus estimates of $0.85 by ($0.06). LXP Industrial Trust had a net margin of 32.27% and a return on equity of 5.70%. The firm had revenue of $86.74 million during the quarter, compared to the consensus estimate of $86.05 million. During the same period in the previous year, the firm earned $0.16 earnings per share. The business's quarterly revenue was down 14.0% on a year-over-year basis. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. On average, research analysts anticipate that LXP Industrial Trust will post 0.63 earnings per share for the current fiscal year.

LXP Industrial Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend was Tuesday, March 31st. LXP Industrial Trust's payout ratio is presently 154.70%.

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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