LXP Industrial Trust (NYSE:LXP) Stock Passes Above 200-Day Moving Average – Time to Sell?

LXP Industrial Trust (NYSE:LXP) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $43.90 and traded as high as $49.11. LXP Industrial Trust shares last traded at $48.98, with a volume of 740,655 shares.

Analysts Set New Price Targets

LXP has been the topic of a number of analyst reports. JMP Securities set a $57.50 price objective on shares of LXP Industrial Trust and gave the company a “market outperform” rating in a research report on Tuesday, October 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of LXP Industrial Trust in a report on Tuesday, November 25th. Citizens Jmp raised LXP Industrial Trust from a “market perform” rating to an “outperform” rating and set a $57.50 price target for the company in a report on Tuesday, October 28th. Evercore ISI upped their price objective on LXP Industrial Trust from $50.00 to $55.00 and gave the stock an “in-line” rating in a research report on Monday, October 6th. Finally, Citigroup raised LXP Industrial Trust to an “outperform” rating in a research report on Tuesday, October 28th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $54.00.

LXP Industrial Trust Price Performance

The company has a market cap of $2.90 billion, a PE ratio of 174.93 and a beta of 1.04. The stock has a fifty day simple moving average of $46.14 and a two-hundred day simple moving average of $43.90. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.18.

LXP Industrial Trust (NYSE:LXP) last announced its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. The business had revenue of $86.90 million for the quarter, compared to analyst estimates of $87.03 million. LXP Industrial Trust had a return on equity of 4.34% and a net margin of 24.07%.The company’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.80 EPS. LXP Industrial Trust has set its FY 2025 guidance at 0.630-0.640 EPS. On average, equities analysts predict that LXP Industrial Trust will post 0.63 EPS for the current fiscal year.

LXP Industrial Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Friday, January 30th will be paid a $0.8125 dividend. This represents a $3.25 annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend is Friday, January 30th. This is a positive change from LXP Industrial Trust’s previous quarterly dividend of $0.14. LXP Industrial Trust’s dividend payout ratio is presently 29.47%.

Institutional Investors Weigh In On LXP Industrial Trust

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of LXP Industrial Trust by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 46,064,359 shares of the real estate investment trust’s stock valued at $398,457,000 after buying an additional 214,696 shares during the period. Lasalle Investment Management Securities LLC grew its position in LXP Industrial Trust by 6.3% in the third quarter. Lasalle Investment Management Securities LLC now owns 9,756,056 shares of the real estate investment trust’s stock valued at $87,414,000 after acquiring an additional 578,169 shares in the last quarter. Aew Capital Management L P raised its stake in shares of LXP Industrial Trust by 61.1% during the third 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. Norges Bank purchased a new stake in shares of LXP Industrial Trust during the second quarter valued at approximately $58,163,000. Finally, Balyasny Asset Management L.P. lifted its position in shares of LXP Industrial Trust by 269.0% during the second quarter. Balyasny Asset Management L.P. now owns 6,432,356 shares of the real estate investment trust’s stock worth $53,131,000 after purchasing an additional 4,688,972 shares in the last quarter. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

LXP Industrial Trust Company Profile

LXP Industrial Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) focused on single-tenant industrial real estate investments across the United States. LXP seeks to expand its industrial portfolio through acquisitions, build-to-suit transactions, sale-leaseback transactions, development projects and other transactions.