Citizens Jmp Increases LXP Industrial Trust (NYSE:LXP) Price Target to $58.00

LXP Industrial Trust (NYSE:LXP) had its target price hoisted by analysts at Citizens Jmp from $53.00 to $58.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “market outperform” rating on the real estate investment trust’s stock. Citizens Jmp’s price target would indicate a potential upside of 3.66% from the stock’s previous close.

LXP has been the topic of several other research reports. Citigroup reiterated an “outperform” rating on shares of LXP Industrial Trust in a report on Thursday. BMO Capital Markets initiated coverage on shares of LXP Industrial Trust in a research report on Thursday, July 9th. They set an “outperform” rating and a $65.00 price target on the stock. KeyCorp restated a “sector weight” rating on shares of LXP Industrial Trust in a report on Tuesday, June 9th. Wall Street Zen lowered shares of LXP Industrial Trust from a “hold” rating to a “sell” rating in a report on Sunday. Finally, Raymond James Financial assumed coverage on LXP Industrial Trust in a report on Wednesday, June 17th. They issued a “market perform” rating on the stock. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $55.20.

LXP Industrial Trust Trading Up 1.7%

Shares of LXP stock opened at $55.95 on Thursday. LXP Industrial Trust has a 1 year low of $38.20 and a 1 year high of $56.93. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.21 and a current ratio of 0.21. The firm has a market capitalization of $3.30 billion, a PE ratio of 37.81 and a beta of 1.04. The stock has a fifty day moving average of $53.11 and a two-hundred day moving average of $50.56.

LXP Industrial Trust (NYSE:LXP) last issued 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 analysts’ expectations of $81.47 million. LXP Industrial Trust had a net margin of 27.05% and a return on equity of 4.80%. LXP Industrial Trust’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.16 earnings per share. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. As a group, research analysts expect that LXP Industrial Trust will post 3.34 EPS for the current year.

Hedge Funds Weigh In On LXP Industrial Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE increased its stake in LXP Industrial Trust by 21.9% in the first quarter. Bank of America Corp DE now owns 437,195 shares of the real estate investment trust’s stock valued at $20,225,000 after purchasing an additional 78,685 shares in the last quarter. Edgestream Partners L.P. purchased a new position in LXP Industrial Trust in the first quarter valued at about $1,629,000. Amundi grew its stake in shares of LXP Industrial Trust by 46.9% during the 1st quarter. Amundi now owns 61,734 shares of the real estate investment trust’s stock worth $2,856,000 after acquiring an additional 19,713 shares during the period. California State Teachers Retirement System increased its stake in shares of LXP Industrial Trust by 30.7% in 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 purchasing an additional 16,673 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its holdings in shares of LXP Industrial Trust by 128.1% in the first quarter. Quantinno Capital Management LP now owns 41,933 shares of the real estate investment trust’s stock worth $1,940,000 after acquiring an additional 23,550 shares during the period. Institutional investors and hedge funds 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.