LXP Industrial Trust (NYSE:LXP) Price Target Raised to $58.00

LXP Industrial Trust (NYSE:LXP) had its target price increased by Citizens Jmp from $53.00 to $58.00 in a report released on Thursday,Benzinga reports. Citizens Jmp currently has a market outperform rating on the real estate investment trust’s stock.

LXP has been the subject of several other research reports. Evercore set a $54.00 target price on shares of LXP Industrial Trust in a research note on Monday, June 8th. Wall Street Zen cut LXP Industrial Trust from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. Citigroup restated an “outperform” rating on shares of LXP Industrial Trust in a research report on Thursday. Weiss Ratings upgraded LXP Industrial Trust from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 15th. Finally, Raymond James Financial initiated coverage on LXP Industrial Trust in a research report on Wednesday, June 17th. They issued a “market perform” rating on the stock. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, LXP Industrial Trust currently has an average rating of “Hold” and an average target price of $55.20.

LXP Industrial Trust Stock Performance

Shares of LXP opened at $58.55 on Thursday. The business’s 50 day moving average is $53.36 and its two-hundred day moving average is $50.67. LXP Industrial Trust has a 52-week low of $38.20 and a 52-week high of $59.00. The firm has a market cap of $3.45 billion, a price-to-earnings ratio of 39.56 and a beta of 1.04. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.18.

LXP Industrial Trust (NYSE:LXP) last released its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.80 earnings per share for the quarter. The business had revenue of $85.95 million during the quarter, compared to the consensus estimate of $81.47 million. LXP Industrial Trust had a net margin of 27.05% and a return on equity of 4.80%. The business’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.16 earnings per share. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. Analysts forecast that LXP Industrial Trust will post 3.34 EPS for the current fiscal year.

LXP Industrial Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date was Tuesday, June 30th. LXP Industrial Trust’s dividend payout ratio (DPR) is presently 189.19%.

Hedge Funds Weigh In On LXP Industrial Trust

A number of hedge funds have recently modified their holdings of LXP. Balyasny Asset Management L.P. boosted its stake in LXP Industrial Trust by 269.0% in the 2nd quarter. Balyasny Asset Management L.P. now owns 6,432,356 shares of the real estate investment trust’s stock worth $53,131,000 after purchasing an additional 4,688,972 shares during the period. Dimensional Fund Advisors LP grew its position in LXP Industrial Trust by 3.5% during the third quarter. Dimensional Fund Advisors LP now owns 4,311,597 shares of the real estate investment trust’s stock valued at $38,633,000 after purchasing an additional 145,951 shares in the last quarter. Goldman Sachs Group Inc. grew its position in LXP Industrial Trust by 14.1% during the first quarter. Goldman Sachs Group Inc. now owns 3,717,830 shares of the real estate investment trust’s stock valued at $32,159,000 after purchasing an additional 458,195 shares in the last quarter. Qube Research & Technologies Ltd lifted its position in LXP Industrial Trust by 48.6% in the 3rd quarter. Qube Research & Technologies Ltd now owns 2,850,940 shares of the real estate investment trust’s stock worth $25,544,000 after buying an additional 932,200 shares in the last quarter. Finally, UBS Group AG boosted its position in LXP Industrial Trust by 59.2% during the third quarter. UBS Group AG now owns 2,452,515 shares of the real estate investment trust’s stock valued at $21,975,000 after purchasing an additional 911,566 shares during the last quarter. 93.52% of the stock is currently owned by institutional investors and hedge funds.

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.