LXP Industrial Trust (NYSE:LXP) Share Price Passes Above 200 Day Moving Average – Should You Sell?

LXP Industrial Trust (NYSE:LXP) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $44.76 and traded as high as $50.96. LXP Industrial Trust shares last traded at $50.84, with a volume of 271,735 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LXP. Citizens Jmp raised LXP Industrial Trust from a “market perform” rating to an “outperform” rating and set a $57.50 price target for the company in a research note on Tuesday, October 28th. Weiss Ratings raised LXP Industrial Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Evercore ISI raised their target price on LXP Industrial Trust from $50.00 to $55.00 and gave the company an “in-line” rating in a research report on Monday, October 6th. KeyCorp lowered LXP Industrial Trust from an “overweight” rating to a “sector weight” rating in a report on Thursday, December 4th. Finally, Citigroup raised shares of LXP Industrial Trust to an “outperform” rating in a report on Tuesday, October 28th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, LXP Industrial Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.00.

LXP Industrial Trust Stock Performance

The business has a fifty day moving average of $47.44 and a 200-day moving average of $44.76. The company has a market cap of $3.01 billion, a PE ratio of 26.76 and a beta of 1.11. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.18.

LXP Industrial Trust (NYSE:LXP) last announced its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. The company had revenue of $86.90 million during the quarter, compared to analyst estimates of $87.03 million. LXP Industrial Trust had a net margin of 32.19% and a return on equity of 5.86%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.80 EPS. 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 fiscal year.

LXP Industrial Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Friday, January 30th will be paid a $0.8125 dividend. This represents a $3.25 annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend is Friday, January 30th. This is a positive change from LXP Industrial Trust’s previous quarterly dividend of $0.14. LXP Industrial Trust’s dividend payout ratio is 142.11%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. HighTower Advisors LLC grew its holdings in shares of LXP Industrial Trust by 12.3% in the first quarter. HighTower Advisors LLC now owns 59,035 shares of the real estate investment trust’s stock worth $511,000 after purchasing an additional 6,480 shares during the last quarter. American Century Companies Inc. lifted its holdings in LXP Industrial Trust by 3.5% during the first quarter. American Century Companies Inc. now owns 117,675 shares of the real estate investment trust’s stock worth $1,018,000 after buying an additional 3,964 shares during the period. Northern Trust Corp boosted its position in LXP Industrial Trust by 0.3% during the first quarter. Northern Trust Corp now owns 4,215,880 shares of the real estate investment trust’s stock valued at $36,467,000 after purchasing an additional 14,456 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of LXP Industrial Trust by 407.4% in the 1st quarter. Smartleaf Asset Management LLC now owns 12,212 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 9,805 shares during the last quarter. Finally, Samalin Investment Counsel LLC grew its holdings in LXP Industrial Trust by 165.6% in the first quarter. Samalin Investment Counsel LLC now owns 69,403 shares of the real estate investment trust’s stock worth $600,000 after purchasing an additional 43,277 shares during the last quarter. Hedge funds and other 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.