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

LXP Industrial Trust (NYSE:LXP) hit a new 52-week high during trading on Monday . The company traded as high as $55.75 and last traded at $55.3650, with a volume of 3841 shares traded. The stock had previously closed at $55.56.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Wall Street Zen raised shares of LXP Industrial Trust from a “sell” rating to a “hold” rating in a report on Saturday, June 13th. KeyCorp restated a “sector weight” rating on shares of LXP Industrial Trust in a research report on Tuesday, June 9th. Citigroup restated a “market outperform” rating on shares of LXP Industrial Trust in a research note on Wednesday, June 3rd. Evercore set a $54.00 target price on LXP Industrial Trust in a report on Monday, June 8th. Finally, Weiss Ratings upgraded LXP Industrial Trust from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, June 15th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, LXP Industrial Trust has an average rating of “Hold” and a consensus target price of $52.62.

LXP Industrial Trust Stock Up 1.2%

The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.18. The stock’s 50-day simple moving average is $52.63 and its 200 day simple moving average is $50.37. The firm has a market cap of $3.32 billion, a P/E ratio of 38.06 and a beta of 1.04.

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

LXP Industrial Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Tuesday, June 30th. LXP Industrial Trust’s payout ratio is presently 189.19%.

Hedge Funds Weigh In On LXP Industrial Trust

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE raised its stake in LXP Industrial Trust by 21.9% during 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 buying an additional 78,685 shares during the period. Edgestream Partners L.P. bought a new stake in LXP Industrial Trust during the 1st quarter valued at $1,629,000. Amundi raised its holdings in LXP Industrial Trust by 46.9% during the first quarter. Amundi now owns 61,734 shares of the real estate investment trust’s stock worth $2,856,000 after buying an additional 19,713 shares during the last quarter. California State Teachers Retirement System increased its position in shares of LXP Industrial Trust by 30.7% during the first quarter. California State Teachers Retirement System now owns 71,015 shares of the real estate investment trust’s stock worth $3,285,000 after acquiring an additional 16,673 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its stake in LXP Industrial Trust by 128.1% during the 1st quarter. Quantinno Capital Management LP now owns 41,933 shares of the real estate investment trust’s stock valued at $1,940,000 after purchasing an additional 23,550 shares during the last quarter. Institutional investors own 93.52% of the company’s stock.

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.