LXP Industrial Trust (NYSE:LXP) Upgraded to Strong-Buy at BMO Capital Markets

BMO Capital Markets upgraded shares of LXP Industrial Trust (NYSE:LXP) to a strong-buy rating in a research report report published on Thursday morning,Zacks.com reports.

Several other research firms have also recently commented on LXP. Citigroup reiterated a “market outperform” rating on shares of LXP Industrial Trust in a research note on Wednesday, June 3rd. Raymond James Financial started coverage on LXP Industrial Trust in a research note on Wednesday, June 17th. They set a “market perform” rating for the company. Evercore set a $54.00 price objective on LXP Industrial Trust in a report on Monday, June 8th. Wall Street Zen raised LXP Industrial Trust from a “sell” rating to a “hold” rating in a research report on Saturday, June 13th. Finally, Weiss Ratings upgraded LXP Industrial Trust from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, LXP Industrial Trust currently has an average rating of “Moderate Buy” and an average price target of $55.10.

LXP Industrial Trust Stock Performance

LXP Industrial Trust stock opened at $55.03 on Thursday. LXP Industrial Trust has a 12-month low of $38.20 and a 12-month high of $56.93. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.21 and a quick ratio of 0.21. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 37.18 and a beta of 1.04. The firm’s fifty day moving average price is $52.79 and its 200 day moving average price is $50.44.

LXP Industrial Trust (NYSE:LXP) last posted its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.80 earnings per share for the quarter. The company had revenue of $85.95 million during 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%. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.16 EPS. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. On average, research analysts forecast that LXP Industrial Trust will post 3.34 EPS for the current fiscal year.

LXP Industrial Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date is Tuesday, June 30th. LXP Industrial Trust’s dividend payout ratio is presently 189.19%.

Institutional Trading of LXP Industrial Trust

Hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in LXP Industrial Trust by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 172,981 shares of the real estate investment trust’s stock worth $1,496,000 after buying an additional 7,577 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in LXP Industrial Trust in the first quarter worth $129,000. Goldman Sachs Group Inc. lifted its stake in LXP Industrial Trust by 14.1% in the first quarter. Goldman Sachs Group Inc. now owns 3,717,830 shares of the real estate investment trust’s stock valued at $32,159,000 after buying an additional 458,195 shares during the last quarter. United Services Automobile Association acquired a new position in shares of LXP Industrial Trust during the first quarter valued at $158,000. Finally, Jane Street Group LLC boosted its holdings in shares of LXP Industrial Trust by 6,092.1% during the first quarter. Jane Street Group LLC now owns 948,134 shares of the real estate investment trust’s stock valued at $8,201,000 after acquiring an additional 932,822 shares during the period. Institutional investors 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.