LXP Industrial Trust (NYSE:LXP) Hits New 12-Month High – Here’s What Happened

LXP Industrial Trust (NYSE:LXP)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $53.63 and last traded at $53.1020, with a volume of 466850 shares traded. The stock had previously closed at $53.04.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Wall Street Zen upgraded LXP Industrial Trust from a “sell” rating to a “hold” rating in a report on Saturday. KeyCorp restated a “sector weight” rating on shares of LXP Industrial Trust in a report on Tuesday, June 9th. Evercore set a $54.00 price target on LXP Industrial Trust in a research report on Monday, June 8th. JPMorgan Chase & Co. reduced their price objective on LXP Industrial Trust from $50.00 to $49.00 and set a “neutral” rating on the stock in a research report on Thursday, March 5th. Finally, Weiss Ratings cut LXP Industrial Trust from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 1st. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $52.63.

LXP Industrial Trust Stock Performance

The firm’s 50 day moving average price is $50.92 and its two-hundred day moving average price is $49.73. The firm has a market cap of $3.15 billion, a PE ratio of 36.14 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.

LXP Industrial Trust (NYSE:LXP) last released its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.80 EPS for the quarter. The firm had revenue of $85.95 million for the quarter, compared to analyst estimates 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 revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.16 EPS. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. On average, research analysts forecast that LXP Industrial Trust will post 3.33 earnings per share for the current year.

Hedge Funds Weigh In On LXP Industrial Trust

Hedge funds have recently modified their holdings of the business. Lasalle Investment Management Securities LLC raised its holdings in LXP Industrial Trust by 6.3% in the 3rd quarter. Lasalle Investment Management Securities LLC now owns 9,756,056 shares of the real estate investment trust’s stock valued at $87,414,000 after buying an additional 578,169 shares during the period. Aew Capital Management L P increased its position in shares of LXP Industrial Trust by 61.1% during the third quarter. Aew Capital Management L P now owns 9,135,734 shares of the real estate investment trust’s stock valued at $81,856,000 after acquiring an additional 3,465,123 shares during the last quarter. Balyasny Asset Management L.P. raised its stake in shares of 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 acquiring an additional 4,688,972 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of LXP Industrial Trust by 3.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,311,597 shares of the real estate investment trust’s stock worth $38,633,000 after acquiring an additional 145,951 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of LXP Industrial Trust by 14.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,717,830 shares of the real estate investment trust’s stock worth $32,159,000 after acquiring an additional 458,195 shares during the last quarter. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

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.