LXP Industrial Trust (NYSE:LXP) Receives Average Rating of “Moderate Buy” from Brokerages

LXP Industrial Trust (NYSE:LXP) has been assigned an average rating of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $54.00.

Several brokerages recently commented on LXP. Weiss Ratings lowered shares of LXP Industrial Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. 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 stock a “market outperform” rating in a report on Tuesday, October 28th. Evercore ISI lifted their target price on LXP Industrial Trust from $50.00 to $55.00 and gave the company an “in-line” rating in a report on Monday, October 6th. Finally, Citizens Jmp raised LXP Industrial Trust from a “market perform” rating to an “outperform” rating and set a $57.50 price target for the company in a research report on Tuesday, October 28th.

LXP Industrial Trust Stock Performance

LXP Industrial Trust stock opened at $51.27 on Friday. The stock has a fifty day moving average price of $48.28 and a 200 day moving average price of $45.63. LXP Industrial Trust has a 52 week low of $44.17 and a 52 week high of $97.90. The firm has a market capitalization of $3.03 billion, a P/E ratio of 26.98 and a beta of 1.10. 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 posted its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. The company had revenue of $86.90 million during the quarter, compared to analysts’ expectations of $87.03 million. LXP Industrial Trust had a return on equity of 5.86% and a net margin of 32.19%.The firm’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.80 EPS. LXP Industrial Trust has set its FY 2025 guidance at 0.630-0.640 EPS. Equities research analysts anticipate that LXP Industrial Trust will post 0.63 earnings per share 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. Stockholders of record on Friday, January 30th will be issued a dividend of $0.8125 per share. This represents a $3.25 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Friday, January 30th. This is an increase from LXP Industrial Trust’s previous quarterly dividend of $0.14. LXP Industrial Trust’s dividend payout ratio (DPR) is presently 29.47%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LXP. Lasalle Investment Management Securities LLC increased its position in shares of LXP Industrial Trust by 6.3% in the third quarter. Lasalle Investment Management Securities LLC now owns 9,756,056 shares of the real estate investment trust’s stock worth $87,414,000 after acquiring an additional 578,169 shares in the last quarter. Aew Capital Management L P boosted its position in LXP Industrial Trust by 61.1% during the 3rd quarter. Aew Capital Management L P now owns 9,135,734 shares of the real estate investment trust’s stock worth $81,856,000 after purchasing an additional 3,465,123 shares during the period. Norges Bank purchased a new stake in LXP Industrial Trust during the 2nd quarter worth $58,163,000. Balyasny Asset Management L.P. increased its holdings 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 valued at $53,131,000 after purchasing an additional 4,688,972 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in LXP Industrial Trust by 6.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,797,118 shares of the real estate investment trust’s stock valued at $51,942,000 after purchasing an additional 340,733 shares in the last quarter. 93.52% of the stock is 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.