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

Shares of LXP Industrial Trust (NYSE:LXP) have been assigned a consensus rating of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $54.00.

LXP has been the topic of a number of recent research reports. JMP Securities set a $57.50 target price on LXP Industrial Trust and gave the company a “market outperform” rating in a research note on Tuesday, October 28th. KeyCorp lowered shares of LXP Industrial Trust from an “overweight” rating to a “sector weight” rating in a research note on Thursday, December 4th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of LXP Industrial Trust in a report on Monday, December 29th. Citizens Jmp raised LXP Industrial Trust from a “market perform” rating to an “outperform” rating and set a $57.50 price objective for the company in a report on Tuesday, October 28th. Finally, Citigroup upgraded LXP Industrial Trust to an “outperform” rating in a research report on Tuesday, October 28th.

Hedge Funds Weigh In On LXP Industrial Trust

Large investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd bought a new position in shares of LXP Industrial Trust in the third quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. increased its position in LXP Industrial Trust by 3,809.5% during the 2nd 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 in the last quarter. EverSource Wealth Advisors LLC lifted 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 last quarter. Geneos Wealth Management Inc. boosted its position in 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 valued at $30,000 after buying an additional 1,632 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of LXP Industrial Trust by 50.4% during the second quarter. GAMMA Investing LLC now owns 3,866 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 1,296 shares during the last quarter. Institutional investors and hedge funds own 93.52% of the company’s stock.

LXP Industrial Trust Trading Down 1.0%

NYSE LXP opened at $50.06 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.26 and a current ratio of 0.26. The company has a 50-day simple moving average of $48.02 and a 200-day simple moving average of $45.33. LXP Industrial Trust has a one year low of $44.17 and a one year high of $97.90. The firm has a market capitalization of $2.96 billion, a PE ratio of 26.35 and a beta of 1.10.

LXP Industrial Trust (NYSE:LXP) last issued its earnings results on Thursday, October 30th. The real estate investment trust reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. The company had revenue of $86.90 million during the quarter, compared to the consensus estimate of $87.03 million. LXP Industrial Trust had a return on equity of 5.86% and a net margin of 32.19%.LXP Industrial Trust’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.80 earnings per share. LXP Industrial Trust has set its FY 2025 guidance at 0.630-0.640 EPS. On average, equities analysts forecast 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. Investors of record on Friday, January 30th will be paid 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 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date is Friday, January 30th. LXP Industrial Trust’s dividend payout ratio (DPR) is presently 29.47%.

About LXP Industrial Trust

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.