LXP Industrial Trust (NYSE:LXP) Hits New 1-Year High – What’s Next?

LXP Industrial Trust (NYSE:LXP) shares hit a new 52-week high during trading on Friday . The stock traded as high as $54.74 and last traded at $54.5170, with a volume of 15871 shares. The stock had previously closed at $54.38.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LXP. Weiss Ratings raised LXP Industrial Trust from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 15th. Evercore set a $54.00 price objective on shares of LXP Industrial Trust in a report on Monday, June 8th. 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 on the stock. Citigroup reaffirmed a “market outperform” rating on shares of LXP Industrial Trust in a report on Wednesday, June 3rd. Finally, Wall Street Zen raised shares of LXP Industrial Trust from a “sell” rating to a “hold” rating in a research report on Saturday, June 13th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $52.62.

LXP Industrial Trust Trading Up 1.7%

The firm has a market cap of $3.26 billion, a P/E ratio of 37.37 and a beta of 1.05. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.21 and a current ratio of 0.21. The firm has a fifty day moving average of $52.02 and a 200-day moving average of $50.09.

LXP Industrial Trust (NYSE:LXP) last released its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter. The business had revenue of $85.95 million during the quarter, compared to analyst estimates of $81.47 million. LXP Industrial Trust had a return on equity of 4.80% and a net margin of 27.05%.The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.16 EPS. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. Equities research analysts forecast that LXP Industrial Trust will post 3.35 earnings per share for the current year.

LXP Industrial Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date is Tuesday, June 30th. LXP Industrial Trust’s dividend payout ratio (DPR) is presently 189.19%.

Hedge Funds Weigh In On LXP Industrial Trust

Several institutional investors have recently modified their holdings of LXP. Bank of America Corp DE increased its holdings in shares of LXP Industrial Trust by 21.9% in the 1st 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. acquired a new position in LXP Industrial Trust during the 1st quarter valued at about $1,629,000. Amundi boosted its stake in LXP Industrial Trust by 46.9% during the 1st quarter. Amundi now owns 61,734 shares of the real estate investment trust’s stock valued at $2,856,000 after purchasing an additional 19,713 shares during the period. California State Teachers Retirement System grew its position 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 worth $3,285,000 after purchasing an additional 16,673 shares during the last quarter. Finally, Quantinno Capital Management LP grew its position 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 worth $1,940,000 after purchasing an additional 23,550 shares during the last quarter. Institutional investors 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.