LXP Industrial Trust (NYSE:LXP) Sets New 12-Month High Following Analyst Upgrade

Shares of LXP Industrial Trust (NYSE:LXP) hit a new 52-week high during mid-day trading on Thursday after Citizens Jmp raised their price target on the stock from $53.00 to $58.00. Citizens Jmp currently has a market outperform rating on the stock. LXP Industrial Trust traded as high as $57.24 and last traded at $57.25, with a volume of 16806 shares traded. The stock had previously closed at $56.05.

A number of other equities research analysts have also weighed in on the stock. KeyCorp reiterated a “sector weight” rating on shares of LXP Industrial Trust in a research note on Tuesday, June 9th. Wall Street Zen downgraded LXP Industrial Trust from a “hold” rating to a “sell” rating in a research note on Sunday. Weiss Ratings raised LXP Industrial Trust from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 15th. Evercore set a $54.00 price objective on LXP Industrial Trust in a research report on Monday, June 8th. Finally, BMO Capital Markets started coverage on LXP Industrial Trust in a report on Thursday, July 9th. They issued an “outperform” rating and a $65.00 target price on the stock. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, LXP Industrial Trust presently has a consensus rating of “Hold” and a consensus target price of $55.20.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Balyasny Asset Management L.P. increased its stake in shares of LXP Industrial Trust by 269.0% in 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in LXP Industrial Trust by 468.5% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,057,488 shares of the real estate investment trust’s stock worth $18,435,000 after purchasing an additional 1,695,558 shares during the period. M&T Bank Corp purchased a new position in LXP Industrial Trust during the fourth quarter valued at $79,619,000. Qube Research & Technologies Ltd lifted its position in LXP Industrial Trust by 359.3% during the second quarter. Qube Research & Technologies Ltd now owns 1,918,740 shares of the real estate investment trust’s stock valued at $15,849,000 after purchasing an additional 1,501,010 shares in the last quarter. Finally, Norges Bank bought a new stake in LXP Industrial Trust during the fourth quarter valued at about $59,953,000. 93.52% of the stock is currently owned by institutional investors.

LXP Industrial Trust Stock Up 2.1%

The company has a fifty day simple moving average of $53.11 and a 200-day simple moving average of $50.56. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.18. The firm has a market cap of $3.37 billion, a P/E ratio of 38.67 and a beta of 1.04.

LXP Industrial Trust (NYSE:LXP) last posted its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.80 EPS for the quarter. LXP Industrial Trust had a return on equity of 4.80% and a net margin of 27.05%.The firm had revenue of $85.95 million for the quarter, compared to the consensus estimate of $81.47 million. During the same quarter last year, the company earned $0.16 earnings per share. The business’s revenue for the quarter 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. On average, equities analysts anticipate that LXP Industrial Trust will post 3.34 earnings per share for the current year.

LXP Industrial Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Tuesday, June 30th. LXP Industrial Trust’s dividend payout ratio is currently 189.19%.

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.