LXP Industrial Trust (NYSE:LXP) Hits New 12-Month High After Analyst Upgrade

LXP Industrial Trust (NYSE:LXP) shares reached a new 52-week high 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 traded. The stock had previously closed at $56.05.

Other equities research analysts have also recently issued reports about the company. Weiss Ratings upgraded LXP Industrial Trust from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 15th. Citigroup reissued an “outperform” rating on shares of LXP Industrial Trust in a report on Thursday. KeyCorp reaffirmed a “sector weight” rating on shares of LXP Industrial Trust in a research note on Tuesday, June 9th. BMO Capital Markets initiated coverage on LXP Industrial Trust in a research report on Thursday, July 9th. They set an “outperform” rating and a $65.00 price target for the company. Finally, Evercore set a $54.00 target price on shares of LXP Industrial Trust in a report on Monday, June 8th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, LXP Industrial Trust currently has an average rating of “Hold” and a consensus price target of $55.20.

Institutional Investors Weigh In On LXP Industrial Trust

A number of hedge funds have recently modified their holdings of LXP. IFP Advisors Inc raised its position in shares of LXP Industrial Trust by 63.8% during the 4th quarter. IFP Advisors Inc now owns 837 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 326 shares during the period. Allworth Financial LP lifted its holdings in LXP Industrial Trust by 5.9% in the third quarter. Allworth Financial LP now owns 5,969 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 332 shares during the last quarter. EQ Wealth Advisors LLC purchased a new position in LXP Industrial Trust in the fourth quarter worth approximately $34,000. Cetera Investment Advisers grew its position in LXP Industrial Trust by 5.2% in the first quarter. Cetera Investment Advisers now owns 14,905 shares of the real estate investment trust’s stock worth $689,000 after acquiring an additional 743 shares during the period. Finally, Pictet Asset Management Holding SA increased its stake in LXP Industrial Trust by 11.6% during the first quarter. Pictet Asset Management Holding SA now owns 9,698 shares of the real estate investment trust’s stock worth $449,000 after acquiring an additional 1,009 shares during the last quarter. Hedge funds and other institutional investors own 93.52% of the company’s stock.

LXP Industrial Trust Stock Performance

The company has a debt-to-equity ratio of 0.18, a current ratio of 0.21 and a quick ratio of 0.21. The company has a market cap of $3.45 billion, a price-to-earnings ratio of 39.56 and a beta of 1.04. The firm has a 50 day simple moving average of $53.36 and a 200-day simple moving average of $50.67.

LXP Industrial Trust (NYSE:LXP) last announced its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.80 EPS for the quarter. The business had revenue of $85.95 million for 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 company’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.16 EPS. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. As a group, analysts predict that LXP Industrial Trust will post 3.34 EPS for the current fiscal year.

LXP Industrial Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.80 dividend on an annualized basis and a yield of 4.8%. LXP Industrial Trust’s dividend payout ratio is presently 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.