Doheny Asset Management CA Has $256,000 Stake in LXP Industrial Trust $LXP

Doheny Asset Management CA decreased its position in LXP Industrial Trust (NYSE:LXP) by 85.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,170 shares of the real estate investment trust’s stock after selling 29,680 shares during the period. Doheny Asset Management CA’s holdings in LXP Industrial Trust were worth $256,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of LXP. Balyasny Asset Management L.P. raised its stake in shares of LXP Industrial Trust by 269.0% in 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 purchasing an additional 4,688,972 shares during the period. Aew Capital Management L P raised its stake in shares of LXP Industrial Trust by 61.1% in 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 purchasing an additional 3,465,123 shares during the period. Cbre Investment Management Listed Real Assets LLC acquired a new stake in shares of LXP Industrial Trust in the 3rd quarter valued at about $15,508,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of LXP Industrial Trust by 468.5% in 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 purchasing an additional 1,695,558 shares during the period. Finally, M&T Bank Corp acquired a new stake in shares of LXP Industrial Trust in the 4th quarter valued at about $79,619,000. Institutional investors and hedge funds own 93.52% of the company’s stock.

LXP Industrial Trust Price Performance

NYSE:LXP opened at $52.14 on Monday. 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 stock’s 50-day simple moving average is $50.30 and its 200 day simple moving average is $49.52. The company has a market cap of $3.07 billion, a P/E ratio of 35.23 and a beta of 1.05. LXP Industrial Trust has a 52-week low of $38.20 and a 52-week high of $53.16.

LXP Industrial Trust (NYSE:LXP) last released its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter. The business had revenue of $85.95 million for the quarter, compared to the consensus estimate 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 quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.16 earnings per share. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. As a group, sell-side analysts forecast that LXP Industrial Trust will post 3.33 EPS for the current fiscal year.

LXP Industrial Trust Cuts Dividend

The business 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. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.4%. LXP Industrial Trust’s payout ratio is currently 189.19%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LXP. JPMorgan Chase & Co. dropped their price target 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 target on LXP Industrial Trust in a research note on Friday, February 13th. Wall Street Zen downgraded LXP Industrial Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Weiss Ratings downgraded LXP Industrial Trust from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Finally, Citigroup reaffirmed a “market outperform” rating on shares of LXP Industrial Trust in a research report on Wednesday. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, LXP Industrial Trust has a consensus rating of “Hold” and a consensus price target 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.