LXP Industrial Trust (NYSE:LXP) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of LXP Industrial Trust (NYSE:LXP) have been assigned an average rating of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $54.00.

A number of equities research analysts have weighed in on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of LXP Industrial Trust in a report on Monday, December 29th. Citizens Jmp upgraded shares of LXP Industrial Trust from a “market perform” rating to an “outperform” rating and set a $57.50 price target on the stock in a report on Tuesday, October 28th. Citigroup raised shares of LXP Industrial Trust to an “outperform” rating in a research note on Tuesday, October 28th. JMP Securities set a $57.50 price objective on LXP Industrial Trust and gave the company a “market outperform” rating in a report on Tuesday, October 28th. Finally, Evercore ISI raised their target price on LXP Industrial Trust from $50.00 to $55.00 and gave the stock an “in-line” rating in a research report on Monday, October 6th.

LXP Industrial Trust Price Performance

Shares of LXP opened at $50.06 on Friday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.18. The stock has a market cap of $2.96 billion, a PE ratio of 26.35 and a beta of 1.10. LXP Industrial Trust has a 12-month low of $44.17 and a 12-month high of $97.90. The business has a 50-day simple moving average of $48.02 and a two-hundred day simple moving average of $45.33.

LXP Industrial Trust (NYSE:LXP) last released its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. LXP Industrial Trust had a return on equity of 5.86% and a net margin of 32.19%.The company had revenue of $86.90 million for the quarter, compared to analysts’ expectations of $87.03 million. During the same period in the previous year, the business posted $0.80 earnings per share. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. LXP Industrial Trust has set its FY 2025 guidance at 0.630-0.640 EPS. 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 given a dividend of $0.8125 per share. This represents a $3.25 dividend on an annualized basis and a dividend yield of 6.5%. This is a positive change from LXP Industrial Trust’s previous quarterly dividend of $0.14. The ex-dividend date is Friday, January 30th. LXP Industrial Trust’s dividend payout ratio is 29.47%.

Institutional Trading of LXP Industrial Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP boosted its stake in LXP Industrial Trust by 5.9% during the third quarter. Allworth Financial LP now owns 5,969 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 332 shares in the last quarter. Swiss Life Asset Management Ltd bought a new stake in LXP Industrial Trust in the third quarter valued at $112,000. Cambria Investment Management L.P. increased its stake in LXP Industrial Trust by 15.6% in the third quarter. Cambria Investment Management L.P. now owns 71,137 shares of the real estate investment trust’s stock valued at $637,000 after purchasing an additional 9,610 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new position in shares of LXP Industrial Trust during the third quarter valued at about $279,000. Finally, Coldstream Capital Management Inc. bought a new position in shares of LXP Industrial Trust during the 3rd quarter worth about $113,000. 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.