LXP Industrial Trust (NYSE:LXP) Given Average Recommendation of “Moderate Buy” by Analysts

LXP Industrial Trust (NYSE:LXP) has received a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $54.00.

LXP has been the topic of a number of recent research reports. Evercore ISI upped their price target on LXP Industrial Trust from $50.00 to $55.00 and gave the company an “in-line” rating in a research report on Monday, October 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of LXP Industrial Trust in a report on Monday, December 15th. Citigroup upgraded shares of LXP Industrial Trust to an “outperform” rating in a research note on Tuesday, October 28th. JMP Securities set a $57.50 price target on shares of LXP Industrial Trust and gave the company a “market outperform” rating in a research report on Tuesday, October 28th. Finally, Citizens Jmp upgraded shares of LXP Industrial Trust from a “market perform” rating to an “outperform” rating and set a $57.50 price target on the stock in a research note on Tuesday, October 28th.

Institutional Trading of LXP Industrial Trust

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers boosted its stake in LXP Industrial Trust by 4.7% in the 1st quarter. Cetera Investment Advisers now owns 31,486 shares of the real estate investment trust’s stock worth $272,000 after purchasing an additional 1,420 shares during the period. Invesco Ltd. lifted its holdings in shares of LXP Industrial Trust by 9.0% in the first quarter. Invesco Ltd. now owns 1,724,905 shares of the real estate investment trust’s stock worth $14,920,000 after buying an additional 143,010 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of LXP Industrial Trust by 12.3% in the first quarter. HighTower Advisors LLC now owns 59,035 shares of the real estate investment trust’s stock valued at $511,000 after acquiring an additional 6,480 shares during the period. Fox Run Management L.L.C. grew its stake in LXP Industrial Trust by 135.0% during the first quarter. Fox Run Management L.L.C. now owns 28,503 shares of the real estate investment trust’s stock valued at $247,000 after acquiring an additional 16,372 shares in the last quarter. Finally, Aberdeen Group plc increased its holdings in LXP Industrial Trust by 3.4% during the 1st quarter. Aberdeen Group plc now owns 85,046 shares of the real estate investment trust’s stock worth $736,000 after acquiring an additional 2,784 shares during the period. 93.52% of the stock is currently owned by institutional investors.

LXP Industrial Trust Stock Up 0.9%

LXP opened at $50.59 on Wednesday. LXP Industrial Trust has a twelve month low of $44.17 and a twelve month high of $97.90. The company’s 50-day moving average price is $47.12 and its two-hundred day moving average price is $44.62. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 26.63 and a beta of 1.11. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.18.

LXP Industrial Trust (NYSE:LXP) last posted its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. LXP Industrial Trust had a net margin of 32.19% and a return on equity of 5.86%. The company had revenue of $86.90 million for the quarter, compared to analysts’ expectations of $87.03 million. During the same quarter in the previous year, the firm posted $0.80 EPS. LXP Industrial Trust’s revenue was up 1.4% on a year-over-year basis. LXP Industrial Trust has set its FY 2025 guidance at 0.630-0.640 EPS. As a group, equities analysts expect that LXP Industrial Trust will post 0.63 earnings per share for the current year.

LXP Industrial Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Friday, January 30th will be given a dividend of $0.8125 per share. This is an increase from LXP Industrial Trust’s previous quarterly dividend of $0.14. This represents a $3.25 annualized dividend and a dividend yield of 6.4%. The ex-dividend date is Friday, January 30th. LXP Industrial Trust’s dividend payout ratio (DPR) is currently 142.11%.

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.