JPMorgan Chase & Co. Cuts LXP Industrial Trust (NYSE:LXP) Price Target to $49.00

LXP Industrial Trust (NYSE:LXP) had its price objective cut by JPMorgan Chase & Co. from $50.00 to $49.00 in a report published on Thursday,Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

LXP has been the subject of a number of other research reports. Evercore set a $51.00 price objective on LXP Industrial Trust in a research note on Friday, February 13th. Weiss Ratings downgraded LXP Industrial Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Citigroup reiterated an “outperform” rating on shares of LXP Industrial Trust in a research report on Friday, February 13th. Finally, KeyCorp downgraded LXP Industrial Trust from an “overweight” rating to a “sector weight” rating in a report on Thursday, December 4th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $51.50.

LXP Industrial Trust Stock Down 1.5%

LXP stock opened at $47.75 on Thursday. The stock has a market cap of $2.82 billion, a P/E ratio of 26.38 and a beta of 1.09. LXP Industrial Trust has a twelve month low of $34.25 and a twelve month high of $52.52. The business’s 50-day moving average price is $49.60 and its 200-day moving average price is $47.68. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.18.

LXP Industrial Trust (NYSE:LXP) last issued its earnings results on Thursday, February 12th. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.06). LXP Industrial Trust had a return on equity of 5.70% and a net margin of 32.27%.The business had revenue of $86.74 million for the quarter, compared to analysts’ expectations of $86.05 million. During the same period last year, the business earned $0.16 EPS. The company’s revenue for the quarter was down 14.0% on a year-over-year basis. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. On average, equities research analysts forecast that LXP Industrial Trust will post 0.63 EPS for the current year.

Hedge Funds Weigh In On LXP Industrial Trust

Several institutional investors and hedge funds have recently modified their holdings of LXP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in LXP Industrial Trust by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 172,981 shares of the real estate investment trust’s stock worth $1,496,000 after purchasing an additional 7,577 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in LXP Industrial Trust in the first quarter valued at approximately $129,000. Goldman Sachs Group Inc. increased its position in shares of LXP Industrial Trust by 14.1% in the first quarter. Goldman Sachs Group Inc. now owns 3,717,830 shares of the real estate investment trust’s stock valued at $32,159,000 after buying an additional 458,195 shares in the last quarter. United Services Automobile Association acquired a new position in shares of LXP Industrial Trust during the 1st quarter worth approximately $158,000. Finally, Jane Street Group LLC raised its stake in shares of LXP Industrial Trust by 6,092.1% during the 1st quarter. Jane Street Group LLC now owns 948,134 shares of the real estate investment trust’s stock worth $8,201,000 after buying an additional 932,822 shares during the period. Hedge funds and other institutional investors own 93.52% of the company’s stock.

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.