LXP Industrial Trust (NYSE:LXP) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

LXP Industrial Trust (NYSE:LXP)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $46.04 and traded as high as $49.48. LXP Industrial Trust shares last traded at $49.4580, with a volume of 272,765 shares.

Analyst Ratings Changes

LXP has been the topic of several research reports. KeyCorp lowered shares of LXP Industrial Trust from an “overweight” rating to a “sector weight” rating in a research note on Thursday, December 4th. Weiss Ratings lowered LXP Industrial Trust from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Evercore ISI raised their price target on LXP Industrial Trust from $50.00 to $55.00 and gave the stock an “in-line” rating in a report on Monday, October 6th. JMP Securities set a $57.50 price objective on LXP Industrial Trust and gave the company a “market outperform” rating in a research report on Tuesday, October 28th. Finally, Citigroup upgraded LXP Industrial Trust to an “outperform” rating in a research note on Tuesday, October 28th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $54.00.

LXP Industrial Trust Stock Up 0.4%

The company has a market cap of $2.93 billion, a price-to-earnings ratio of 26.03 and a beta of 1.10. The stock has a 50-day simple moving average of $49.51 and a 200-day simple moving average of $46.04. 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 issued its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.16. The business had revenue of $86.90 million for the quarter, compared to analysts’ expectations of $87.03 million. LXP Industrial Trust had a net margin of 32.19% and a return on equity of 5.86%. The company’s revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.80 earnings per share. LXP Industrial Trust has set its FY 2025 guidance at 0.630-0.640 EPS. As a group, analysts predict that LXP Industrial Trust will post 0.63 EPS for the current year.

LXP Industrial Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Friday, January 30th will be given a $0.8125 dividend. This represents a $3.25 dividend on an annualized basis and a yield of 6.6%. 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 payout ratio is currently 29.47%.

Hedge Funds Weigh In On LXP Industrial Trust

Several hedge funds have recently modified their holdings of LXP. Seeds Investor LLC acquired a new stake in shares of LXP Industrial Trust in the fourth quarter valued at $234,000. Synergy Asset Management LLC acquired a new stake in LXP Industrial Trust in the 4th quarter valued at about $310,000. Pensionfund Sabic bought a new position in shares of LXP Industrial Trust during the 4th quarter valued at about $912,000. Pensionfund PDN acquired a new position in shares of LXP Industrial Trust in the 4th quarter worth approximately $1,656,000. Finally, Allworth Financial LP grew its stake in shares of LXP Industrial Trust by 5.9% in the 3rd quarter. Allworth Financial LP now owns 5,969 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 332 shares during the last quarter. 93.52% of the stock is currently owned by institutional investors and hedge funds.

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.