LXP Industrial Trust (NYSE:LXP) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

LXP Industrial Trust (NYSE:LXP) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $45.32 and traded as high as $51.03. LXP Industrial Trust shares last traded at $50.06, with a volume of 550,057 shares.

Analysts Set New Price Targets

Several research firms have issued reports on LXP. JMP Securities set a $57.50 price target on LXP Industrial Trust and gave the company a “market outperform” rating in a report on Tuesday, October 28th. Citizens Jmp raised LXP Industrial Trust from a “market perform” rating to an “outperform” rating and set a $57.50 target price on the stock in a research report on Tuesday, October 28th. Citigroup upgraded LXP Industrial Trust to an “outperform” rating in a research note on Tuesday, October 28th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of LXP Industrial Trust in a research report on Monday, December 29th. Finally, KeyCorp downgraded shares of LXP Industrial Trust from an “overweight” rating to a “sector weight” rating in a report on Thursday, December 4th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $54.00.

LXP Industrial Trust Price Performance

The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of 26.35 and a beta of 1.10. The company’s 50 day moving average is $48.02 and its 200-day moving average is $45.32.

LXP Industrial Trust (NYSE:LXP) last released its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. LXP Industrial Trust had a return on equity of 5.86% and a net margin of 32.19%.The firm had revenue of $86.90 million for the quarter, compared to analyst estimates of $87.03 million. During the same quarter in the prior year, the company earned $0.80 earnings per share. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. LXP Industrial Trust has set its FY 2025 guidance at 0.630-0.640 EPS. Equities research analysts anticipate that LXP Industrial Trust will post 0.63 earnings per share for the current year.

LXP Industrial Trust Increases Dividend

The business also recently disclosed 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 represents a $3.25 dividend on an annualized basis and a yield of 6.5%. This is a positive change from LXP Industrial Trust’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, January 30th. LXP Industrial Trust’s dividend payout ratio (DPR) is presently 29.47%.

Institutional Trading of LXP Industrial Trust

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd acquired a new stake in LXP Industrial Trust during the third quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of LXP Industrial Trust by 3,809.5% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,284 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 3,200 shares during the period. EverSource Wealth Advisors LLC boosted its stake in LXP Industrial Trust by 101.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,481 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 1,755 shares during the period. Geneos Wealth Management Inc. grew its holdings in LXP Industrial Trust by 82.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 3,623 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 1,632 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in LXP Industrial Trust by 50.4% in the 2nd quarter. GAMMA Investing LLC now owns 3,866 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 1,296 shares in the last quarter. Institutional investors own 93.52% of the company’s stock.

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.