Brokerages Set LXP Industrial Trust (NYSE:LXP) Price Target at $51.88

LXP Industrial Trust (NYSE:LXP) has earned an average recommendation of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $51.8750.

A number of equities research analysts have commented on LXP shares. Citigroup reiterated an “outperform” rating on shares of LXP Industrial Trust in a report on Friday, February 13th. JPMorgan Chase & Co. lowered their target price on LXP Industrial Trust from $50.00 to $49.00 and set a “neutral” rating on the stock in a report on Thursday, March 5th. Evercore set a $51.00 target price on LXP Industrial Trust in a report on Friday, February 13th. Wall Street Zen downgraded shares of LXP Industrial Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Finally, Weiss Ratings downgraded shares of LXP Industrial Trust from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 1st.

LXP Industrial Trust Price Performance

Shares of NYSE:LXP opened at $51.52 on Friday. The business’s fifty day moving average price is $49.09 and its two-hundred day moving average price is $48.81. The stock has a market cap of $3.04 billion, a PE ratio of 34.81 and a beta of 1.06. 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 has a one year low of $38.20 and a one year high of $52.79.

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 firm had revenue of $85.95 million for the quarter, compared to analysts’ expectations of $81.47 million. LXP Industrial Trust had a return on equity of 4.80% and a net margin of 27.05%.LXP Industrial Trust’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.16 EPS. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. On average, analysts forecast that LXP Industrial Trust will post 3.31 EPS for the current fiscal year.

LXP Industrial Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.80 annualized dividend and a dividend yield of 5.4%. LXP Industrial Trust’s dividend payout ratio is presently 189.19%.

Hedge Funds Weigh In On LXP Industrial Trust

Several institutional investors and hedge funds have recently modified their holdings of the company. Lasalle Investment Management Securities LLC lifted its stake in shares of LXP Industrial Trust by 6.3% during the third 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 lifted its stake 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 buying an additional 3,465,123 shares during the period. Balyasny Asset Management L.P. lifted its stake in shares of LXP Industrial Trust by 269.0% during the second 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 buying an additional 4,688,972 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of LXP Industrial Trust by 6.2% during the third 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 buying an additional 340,733 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of LXP Industrial Trust by 3.5% during the third quarter. Dimensional Fund Advisors LP now owns 4,311,597 shares of the real estate investment trust’s stock valued at $38,633,000 after buying an additional 145,951 shares during the period. Hedge funds and other institutional investors own 93.52% of the company’s stock.

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.