LXP Industrial Trust (NYSE:LXP) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of LXP Industrial Trust (NYSE:LXP) from a sell rating to a hold rating in a research note published on Sunday morning.

Other equities analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. dropped their price objective on shares of LXP Industrial Trust from $50.00 to $49.00 and set a “neutral” rating for the company in a research note on Thursday, March 5th. Citigroup restated an “outperform” rating on shares of LXP Industrial Trust in a research note on Friday, February 13th. Weiss Ratings cut shares of LXP Industrial Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Finally, Evercore set a $51.00 price objective on shares of LXP Industrial Trust in a research note on Friday, February 13th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $51.50.

LXP Industrial Trust Trading Up 3.4%

Shares of LXP stock opened at $47.64 on Friday. LXP Industrial Trust has a 52-week low of $34.25 and a 52-week high of $52.52. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 26.32 and a beta of 1.09. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.24 and a current ratio of 0.24. The firm has a fifty day moving average of $48.26 and a 200-day moving average of $47.97.

LXP Industrial Trust (NYSE:LXP) last announced its quarterly earnings data on Thursday, February 12th. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.06). LXP Industrial Trust had a net margin of 32.27% and a return on equity of 5.70%. The business had revenue of $86.74 million during the quarter, compared to analyst estimates of $86.05 million. During the same quarter in the prior year, the company posted $0.16 EPS. The company’s quarterly revenue was down 14.0% compared to the same quarter last year. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. On average, equities research analysts forecast that LXP Industrial Trust will post 0.63 earnings per share for the current fiscal year.

LXP Industrial Trust Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, March 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.9%. LXP Industrial Trust’s dividend payout ratio (DPR) is 154.70%.

Institutional Investors Weigh In On LXP Industrial Trust

A number of hedge funds have recently made changes to their positions in the company. Lasalle Investment Management Securities LLC increased its position in shares of LXP Industrial Trust by 6.3% during the 3rd 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 purchasing an additional 578,169 shares in the last quarter. Aew Capital Management L P increased its position in shares of 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 in the last quarter. Balyasny Asset Management L.P. increased its position in shares of LXP Industrial Trust by 269.0% during 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 in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of LXP Industrial Trust by 6.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,797,118 shares of the real estate investment trust’s stock worth $51,942,000 after purchasing an additional 340,733 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of LXP Industrial Trust by 3.5% during 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 purchasing an additional 145,951 shares in the last quarter. 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.