Brokerages Set LXP Industrial Trust (NYSE:LXP) PT at $51.50

Shares of LXP Industrial Trust (NYSE:LXP) have received an average rating of “Hold” from the seven brokerages that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $51.50.

A number of research analysts have commented on the stock. Evercore set a $51.00 target price on shares of LXP Industrial Trust in a research report on Friday, February 13th. Wall Street Zen raised shares of LXP Industrial Trust from a “sell” rating to a “hold” rating in a research report on Sunday, April 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of LXP Industrial Trust in a research report on Friday, April 10th. JPMorgan Chase & Co. decreased their target price on shares of LXP Industrial Trust from $50.00 to $49.00 and set a “neutral” rating on the stock in a research report on Thursday, March 5th. Finally, Citigroup reaffirmed an “outperform” rating on shares of LXP Industrial Trust in a research report on Friday, February 13th.

LXP Industrial Trust Trading Up 2.2%

Shares of LXP opened at $50.50 on Tuesday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.18. LXP Industrial Trust has a 12-month low of $38.20 and a 12-month high of $52.52. The firm has a 50-day moving average price of $48.26 and a 200 day moving average price of $48.29. The firm has a market capitalization of $2.98 billion, a P/E ratio of 27.90 and a beta of 1.09.

LXP Industrial Trust (NYSE:LXP) last announced its quarterly earnings data on Thursday, February 12th. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.06). LXP Industrial Trust had a net margin of 32.27% and a return on equity of 5.70%. The firm had revenue of $86.74 million during the quarter, compared to analysts’ expectations of $86.05 million. During the same period in the prior year, the company posted $0.16 EPS. The company’s revenue for the quarter was down 14.0% compared to the same quarter last year. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. Sell-side analysts forecast that LXP Industrial Trust will post 3.31 EPS for the current year.

LXP Industrial Trust Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.80 dividend on an annualized basis and a yield of 5.5%. LXP Industrial Trust’s dividend payout ratio is presently 154.70%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. EQ Wealth Advisors LLC acquired a new stake in shares of LXP Industrial Trust during the fourth quarter worth about $34,000. IFP Advisors Inc lifted its position in shares of LXP Industrial Trust by 63.8% during the fourth quarter. IFP Advisors Inc now owns 837 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 326 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of LXP Industrial Trust during the third quarter worth about $26,000. EverSource Wealth Advisors LLC lifted its position in shares of LXP Industrial Trust by 101.7% during the second quarter. EverSource Wealth Advisors LLC now owns 3,481 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 1,755 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of LXP Industrial Trust by 82.0% during the second quarter. Geneos Wealth Management Inc. now owns 3,623 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,632 shares in the last quarter. Institutional investors and hedge funds 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.