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

Shares of LXP Industrial Trust (NYSE:LXP) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $52.94 and last traded at $52.73, with a volume of 6451 shares trading hands. The stock had previously closed at $52.24.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LXP. Wall Street Zen downgraded shares of LXP Industrial Trust from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. JPMorgan Chase & Co. cut 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 report on Thursday, March 5th. Citigroup reissued an “outperform” rating on shares of LXP Industrial Trust in a report on Friday, February 13th. Weiss Ratings downgraded shares of LXP Industrial Trust from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 1st. Finally, Evercore set a $51.00 price target on shares of LXP Industrial Trust in a report on Friday, February 13th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, LXP Industrial Trust presently has a consensus rating of “Hold” and a consensus target price of $51.88.

LXP Industrial Trust Price Performance

The firm has a 50 day moving average of $49.54 and a 200-day moving average of $48.96. The company has a market cap of $3.11 billion, a P/E ratio of 35.70 and a beta of 1.06. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.18.

LXP Industrial Trust (NYSE:LXP) last issued its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter. The company had revenue of $85.95 million for the quarter, compared to the consensus estimate 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 quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter last year, the company earned $0.16 EPS. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. On average, equities research analysts predict that LXP Industrial Trust will post 3.31 EPS for the current year.

LXP Industrial Trust Cuts Dividend

The firm also recently announced 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. This represents a $2.80 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend was Tuesday, March 31st. LXP Industrial Trust’s dividend payout ratio (DPR) is 189.19%.

Institutional Trading of LXP Industrial Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd purchased a new position in shares of LXP Industrial Trust during the third quarter valued at about $26,000. EverSource Wealth Advisors LLC grew its position in shares of LXP Industrial Trust by 101.7% during the second quarter. EverSource Wealth Advisors LLC now owns 3,481 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 1,755 shares in the last quarter. Geneos Wealth Management Inc. grew its position in shares of LXP Industrial Trust by 82.0% during the second quarter. Geneos Wealth Management Inc. now owns 3,623 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 1,632 shares in the last quarter. EQ Wealth Advisors LLC purchased a new position in shares of LXP Industrial Trust during the fourth quarter valued at about $34,000. Finally, IFP Advisors Inc grew its position in shares of LXP Industrial Trust by 63.8% during the fourth quarter. IFP Advisors Inc now owns 837 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 326 shares in the last quarter. 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.