LXP Industrial Trust (NYSE:LXP) Hits New 52-Week High Following Analyst Upgrade

LXP Industrial Trust (NYSE:LXP)’s share price hit a new 52-week high during trading on Thursday after Citizens Jmp raised their price target on the stock from $53.00 to $58.00. Citizens Jmp currently has a market outperform rating on the stock. LXP Industrial Trust traded as high as $57.24 and last traded at $57.25, with a volume of 16806 shares trading hands. The stock had previously closed at $56.05.

Several other research analysts have also issued reports on LXP. KeyCorp reiterated a “sector weight” rating on shares of LXP Industrial Trust in a report on Tuesday, June 9th. Weiss Ratings upgraded LXP Industrial Trust from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 15th. Citigroup reaffirmed an “outperform” rating on shares of LXP Industrial Trust in a research report on Thursday. Evercore set a $54.00 target price on LXP Industrial Trust in a report on Monday, June 8th. Finally, Raymond James Financial started coverage on shares of LXP Industrial Trust in a research report on Wednesday, June 17th. They issued a “market perform” rating for the company. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, LXP Industrial Trust presently has a consensus rating of “Hold” and an average price target of $55.20.

Hedge Funds Weigh In On LXP Industrial Trust

Several institutional investors have recently modified their holdings of the business. Bank of America Corp DE lifted its holdings in LXP Industrial Trust by 21.9% during the first quarter. Bank of America Corp DE now owns 437,195 shares of the real estate investment trust’s stock worth $20,225,000 after acquiring an additional 78,685 shares during the period. Edgestream Partners L.P. purchased a new position in LXP Industrial Trust in the first quarter worth $1,629,000. Amundi boosted its position in LXP Industrial Trust by 46.9% in the first quarter. Amundi now owns 61,734 shares of the real estate investment trust’s stock worth $2,856,000 after purchasing an additional 19,713 shares during the last quarter. California State Teachers Retirement System grew its stake in LXP Industrial Trust by 30.7% in the 1st quarter. California State Teachers Retirement System now owns 71,015 shares of the real estate investment trust’s stock valued at $3,285,000 after purchasing an additional 16,673 shares during the period. Finally, Quantinno Capital Management LP grew its stake in LXP Industrial Trust by 128.1% in the 1st quarter. Quantinno Capital Management LP now owns 41,933 shares of the real estate investment trust’s stock valued at $1,940,000 after purchasing an additional 23,550 shares during the period. 93.52% of the stock is owned by institutional investors.

LXP Industrial Trust Trading Up 3.5%

The stock has a market capitalization of $3.42 billion, a PE ratio of 39.21 and a beta of 1.04. The firm has a 50-day moving average price of $53.23 and a 200-day moving average price of $50.62. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.18.

LXP Industrial Trust (NYSE:LXP) last issued its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.80 earnings per share for the quarter. The company had revenue of $85.95 million for the quarter, compared to the consensus estimate of $81.47 million. LXP Industrial Trust had a net margin of 27.05% and a return on equity of 4.80%. The firm’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.16 EPS. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. As a group, equities analysts forecast that LXP Industrial Trust will post 3.34 EPS for the current fiscal year.

LXP Industrial Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was Tuesday, June 30th. LXP Industrial Trust’s dividend payout ratio is 189.19%.

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.