Hsbc Holdings PLC Trims Stock Position in LXP Industrial Trust $LXP

Hsbc Holdings PLC cut its holdings in shares of LXP Industrial Trust (NYSE:LXP) by 76.6% in the fourth quarter, HoldingsChannel reports. The firm owned 102,407 shares of the real estate investment trust’s stock after selling 335,493 shares during the period. Hsbc Holdings PLC’s holdings in LXP Industrial Trust were worth $5,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. EQ Wealth Advisors LLC acquired a new stake in LXP Industrial Trust during the 4th quarter worth about $34,000. IFP Advisors Inc lifted its holdings in shares of LXP Industrial Trust by 63.8% in the 4th quarter. IFP Advisors Inc now owns 837 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 326 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of LXP Industrial Trust in the 3rd quarter valued at about $26,000. EverSource Wealth Advisors LLC boosted its stake in shares of 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 worth $29,000 after buying an additional 1,755 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in shares of 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 worth $30,000 after buying an additional 1,632 shares during the last quarter. 93.52% of the stock is owned by hedge funds and other institutional investors.

LXP Industrial Trust Stock Up 1.7%

LXP Industrial Trust stock opened at $55.31 on Friday. 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 stock has a market capitalization of $3.26 billion, a PE ratio of 37.37 and a beta of 1.05. The business has a 50 day simple moving average of $52.02 and a 200-day simple moving average of $50.09. LXP Industrial Trust has a 12 month low of $38.20 and a 12 month high of $55.62.

LXP Industrial Trust (NYSE:LXP) last released its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.80 earnings per share 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 the consensus estimate of $81.47 million. During the same quarter in the prior year, the firm earned $0.16 EPS. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. On average, analysts anticipate that LXP Industrial Trust will post 3.35 EPS for the current fiscal year.

LXP Industrial Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.1%. LXP Industrial Trust’s dividend payout ratio is presently 189.19%.

Analyst Upgrades and Downgrades

LXP has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their price target on 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. Weiss Ratings raised shares of LXP Industrial Trust from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, June 15th. Wall Street Zen raised shares of LXP Industrial Trust from a “sell” rating to a “hold” rating in a report on Saturday, June 13th. KeyCorp reiterated a “sector weight” rating on shares of LXP Industrial Trust in a research note on Tuesday, June 9th. Finally, Raymond James Financial initiated coverage on shares of LXP Industrial Trust in a research note on Wednesday, June 17th. They issued a “market perform” rating for the company. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $52.62.

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.