LXP Industrial Trust completed a 1-for-5 reverse stock split, reducing outstanding shares to approximately 59.2 million.
Quiver AI Summary
LXP Industrial Trust has announced the completion of a 1-for-5 reverse split of its common shares, effective November 10, 2025. This action reduces the number of outstanding shares from approximately 295.8 million to about 59.2 million, while ensuring that shareholders maintain their ownership percentage with minor adjustments for fractional shares. The company's shares will continue to trade on the New York Stock Exchange under the symbol "LXP" but will have a new CUSIP number. Following the reverse split, the previously declared quarterly dividend will increase to $0.70 per share for shareholders recorded as of December 31, 2025. LXP emphasizes that shareholders should reach out to their brokers or their transfer agent for any assistance related to the split.
Potential Positives
- The completion of a 1-for-5 reverse share split reduces the number of outstanding shares significantly, which can enhance the company's stock price and improve its perceived value on the market.
- Following the reverse share split, the quarterly dividend will adjust to $0.70 per share, which may indicate a commitment to returning value to shareholders and could attract more investors.
- The press release confirms ongoing trading on the NYSE under the existing symbol "LXP," maintaining visibility and credibility in the market.
Potential Negatives
- The reverse split of shares may indicate underlying issues with stock performance, potentially leading to decreased investor confidence.
- The reduction in the number of outstanding shares could be perceived as a tactic to increase share price artificially rather than enhancing the company's fundamental value.
- Shareholder concerns may arise regarding ownership dilution despite the proportional adjustment, particularly affecting those with fractional shares that will be converted to cash.
FAQ
What is the recent share split ratio for LXP Industrial Trust?
LXP Industrial Trust completed a reverse split of its common shares at a ratio of 1-for-5.
How many shares are outstanding after the reverse split?
After the reverse share split, the number of outstanding common shares is approximately 59.2 million.
Will the reverse split affect shareholders' ownership percentages?
The reverse split will not affect shareholders' ownership percentages, except for minor changes due to fractional shares.
What is the new dividend amount post-split?
The quarterly dividend will be $0.70 per share after accounting for the 1-for-5 reverse share split.
When will LXP shares start trading on a split-adjusted basis?
LXP’s common shares will commence trading on a split-adjusted basis on November 11, 2025.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$LXP Congressional Stock Trading
Members of Congress have traded $LXP stock 2 times in the past 6 months. Of those trades, 1 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $LXP stock by members of Congress over the last 6 months:
- REPRESENTATIVE LISA C. MCCLAIN has traded it 2 times. They made 1 purchase worth up to $15,000 on 06/09 and 1 sale worth up to $15,000 on 06/10.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$LXP Hedge Fund Activity
We have seen 193 institutional investors add shares of $LXP stock to their portfolio, and 147 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FMR LLC removed 4,697,471 shares (-60.2%) from their portfolio in Q2 2025, for an estimated $38,801,110
- BALYASNY ASSET MANAGEMENT L.P. added 4,688,972 shares (+269.0%) to their portfolio in Q2 2025, for an estimated $38,730,908
- LASALLE INVESTMENT MANAGEMENT SECURITIES LLC added 2,822,835 shares (+44.4%) to their portfolio in Q2 2025, for an estimated $23,316,617
- NORGES BANK added 2,101,322 shares (+42.5%) to their portfolio in Q2 2025, for an estimated $17,356,919
- BLACKROCK, INC. removed 1,809,436 shares (-3.5%) from their portfolio in Q2 2025, for an estimated $14,945,941
- QUBE RESEARCH & TECHNOLOGIES LTD added 1,501,010 shares (+359.3%) to their portfolio in Q2 2025, for an estimated $12,398,342
- CENTERSQUARE INVESTMENT MANAGEMENT LLC removed 1,265,470 shares (-29.6%) from their portfolio in Q2 2025, for an estimated $10,452,782
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$LXP Analyst Ratings
Wall Street analysts have issued reports on $LXP in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- JMP Securities issued a "Market Outperform" rating on 10/28/2025
To track analyst ratings and price targets for $LXP, check out Quiver Quantitative's $LXP forecast page.
$LXP Price Targets
Multiple analysts have issued price targets for $LXP recently. We have seen 2 analysts offer price targets for $LXP in the last 6 months, with a median target of $11.25.
Here are some recent targets:
- Mitch Germain from JMP Securities set a target price of $11.5 on 10/28/2025
- Sheila McGrath from Evercore ISI Group set a target price of $11.0 on 10/06/2025
Full Release
WEST PALM BEACH, Fla., Nov. 10, 2025 (GLOBE NEWSWIRE) -- LXP Industrial Trust (“LXP”) (NYSE:LXP), a real estate investment trust focused on Class A warehouse and distribution real estate investments, today announced it completed a reverse split of its common shares at a ratio of 1-for-5.
After the close of business on November 10, 2025, the effective date of the reverse share split, each share of LXP’s issued and outstanding common shares was reclassified into 1/5 th of a common share. As a result of the reverse share split, the number of outstanding common shares was reduced from approximately 295.8 million shares to approximately 59.2 million shares. The reverse share split will affect all shareholders proportionally and will not affect any shareholder’s ownership percentage of LXP common shares, except for minor changes resulting from the payment of cash for fractional shares.
As of market open on November 11, 2025, LXP’s common shares will commence trading on a split-adjusted basis on the New York Stock Exchange (the “NYSE”). The common shares will continue to trade on the NYSE under the symbol “LXP” but will trade under a new CUSIP number (529043408).
The previously announced quarterly dividend of $0.14 per common share for shareholders of record as of December 31, 2025 will be $0.70 per share after accounting for the 1-for-5 reverse share split.
LXP shareholders should contact their broker or LXP’s transfer agent, Computershare, at (800) 546-5141 (or (781) 575-2765 for international), for any necessary assistance relating to the reverse share split.
ABOUT LXP INDUSTRIAL TRUST
LXP Industrial Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) focused on Class A warehouse and distribution investments in 12 target markets across the Sunbelt and lower Midwest. LXP seeks to expand its warehouse and distribution portfolio through acquisitions, build-to-suit transactions, sale-leaseback transactions, development projects and other transactions. For more information, including LXP's Quarterly Supplemental Information package, or to follow LXP on social media, visit www.lxp.com.
Contact:
Investor or Media Inquiries for LXP Industrial Trust:
Heather Gentry, Executive Vice President of Investor Relations
LXP Industrial Trust
Phone: (212) 692-7200 E-mail: [email protected]
This release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included in this press release are forward-looking statements, including, but not limited to, statements regarding the use of proceeds from the sale. Such forward-looking statements involve known and unknown risks, uncertainties and other factors not under LXP's control which may cause actual results, performance or achievements of LXP to be materially different from the results, performance, or other expectations implied by these forward-looking statements. These factors include, but are not limited to, those factors and risks detailed in LXP's periodic filings with the SEC. Except as required by law, LXP undertakes no obligation to publicly release the results of any revisions to those forward-looking statements which may be made to reflect events or circumstances after the occurrence of unanticipated events.
