LXP Industrial Trust (NYSE:LXP) Hits New 12-Month Low – Should You Sell?

LXP Industrial Trust (NYSE:LXP)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $47.48 and last traded at $47.7850, with a volume of 113743 shares. The stock had previously closed at $94.90.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LXP. Wolfe Research began coverage on shares of LXP Industrial Trust in a report on Friday, August 22nd. They issued an “outperform” rating and a $50.00 price target on the stock. Evercore ISI boosted their price objective on LXP Industrial Trust from $50.00 to $55.00 and gave the company an “in-line” rating in a report on Monday, October 6th. JMP Securities set a $57.50 target price on LXP Industrial Trust and gave the stock a “market outperform” rating in a report on Tuesday, October 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LXP Industrial Trust in a report on Wednesday, October 8th. Finally, Citizens Jmp raised LXP Industrial Trust from a “market perform” rating to an “outperform” rating and set a $57.50 price objective for the company in a report on Tuesday, October 28th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, LXP Industrial Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.00.

LXP Industrial Trust Stock Down 49.2%

The firm has a market cap of $14.25 billion, a price-to-earnings ratio of 172.11 and a beta of 1.04. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.18. The stock’s 50 day moving average is $45.70 and its 200 day moving average is $43.20.

LXP Industrial Trust (NYSE:LXP) last announced its earnings results on Thursday, October 30th. The real estate investment trust reported $0.80 earnings per share for the quarter, meeting the consensus estimate of $0.80. LXP Industrial Trust had a return on equity of 4.34% and a net margin of 24.07%.The business had revenue of $85.81 million during the quarter, compared to analysts’ expectations of $87.03 million. During the same quarter last year, the business posted $0.80 earnings per share. The company’s quarterly revenue was up 1.4% on a year-over-year basis. LXP Industrial Trust has set its FY 2025 guidance at 0.630-0.640 EPS. Analysts forecast that LXP Industrial Trust will post 0.63 EPS for the current year.

LXP Industrial Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Friday, January 30th will be paid a dividend of $0.8125 per share. This is a boost from LXP Industrial Trust’s previous quarterly dividend of $0.14. This represents a $3.25 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date of this dividend is Friday, January 30th. LXP Industrial Trust’s payout ratio is currently 147.37%.

Institutional Trading of LXP Industrial Trust

Hedge funds and other institutional investors have recently modified their holdings of the business. Aew Capital Management L P boosted its position in LXP Industrial Trust by 61.1% during the 3rd quarter. Aew Capital Management L P now owns 9,135,734 shares of the real estate investment trust’s stock worth $81,856,000 after acquiring an additional 3,465,123 shares during the period. Princeton Capital Management LLC bought a new position in shares of LXP Industrial Trust in the 3rd quarter valued at approximately $134,000. GSA Capital Partners LLP raised its position in shares of LXP Industrial Trust by 46.0% in the third quarter. GSA Capital Partners LLP now owns 64,917 shares of the real estate investment trust’s stock valued at $582,000 after purchasing an additional 20,466 shares during the period. State of New Jersey Common Pension Fund D lifted its position in LXP Industrial Trust by 9.8% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 248,199 shares of the real estate investment trust’s stock worth $2,224,000 after acquiring an additional 22,096 shares during the last quarter. Finally, Aberdeen Group plc lifted its position in shares of LXP Industrial Trust by 12.9% during the 3rd quarter. Aberdeen Group plc now owns 107,459 shares of the real estate investment trust’s stock worth $970,000 after purchasing an additional 12,300 shares during the last quarter. Institutional investors and hedge funds own 93.52% of the company’s stock.

LXP Industrial Trust Company Profile

LXP Industrial Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) focused on single-tenant industrial real estate investments across the United States. LXP seeks to expand its industrial portfolio through acquisitions, build-to-suit transactions, sale-leaseback transactions, development projects and other transactions.