LXP Industrial Trust (NYSE:LXP) Sets New 52-Week High – Still a Buy?

LXP Industrial Trust (NYSE:LXP) hit a new 52-week high during trading on Tuesday . The stock traded as high as $53.38 and last traded at $53.3350, with a volume of 25798 shares. The stock had previously closed at $51.54.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Evercore set a $54.00 price target on LXP Industrial Trust in a research report on Monday. 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. Weiss Ratings cut shares of LXP Industrial Trust from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Wall Street Zen lowered shares of LXP Industrial Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Finally, KeyCorp reiterated a “sector weight” rating on shares of LXP Industrial Trust in a research note on Tuesday. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, LXP Industrial Trust presently has an average rating of “Hold” and a consensus price target of $52.63.

LXP Industrial Trust Stock Up 2.7%

The stock’s fifty day moving average price is $50.40 and its 200 day moving average price is $49.56. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.18. The stock has a market cap of $3.12 billion, a P/E ratio of 35.77 and a beta of 1.05.

LXP Industrial Trust (NYSE:LXP) last announced its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter. LXP Industrial Trust had a net margin of 27.05% and a return on equity of 4.80%. The company had revenue of $85.95 million during the quarter, compared to analyst estimates of $81.47 million. During the same period in the previous year, the business earned $0.16 earnings per share. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. 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 3.33 earnings per share 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. Stockholders of record on Tuesday, March 31st were given a dividend of $0.70 per share. The ex-dividend date was Tuesday, March 31st. This represents a $2.80 annualized dividend and a dividend yield of 5.3%. LXP Industrial Trust’s dividend payout ratio is 189.19%.

Institutional Trading of LXP Industrial Trust

A number of hedge funds have recently bought and sold shares of LXP. Lasalle Investment Management Securities LLC grew its position in 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 acquiring an additional 578,169 shares during the last quarter. Aew Capital Management L P boosted its stake in shares of LXP Industrial Trust by 61.1% in the 3rd 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 purchasing an additional 3,465,123 shares in the last quarter. Balyasny Asset Management L.P. grew its holdings 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 valued at $53,131,000 after purchasing an additional 4,688,972 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings 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 valued at $38,633,000 after purchasing an additional 145,951 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in LXP Industrial Trust by 14.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,717,830 shares of the real estate investment trust’s stock worth $32,159,000 after purchasing an additional 458,195 shares during the period. 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.