LXP Industrial Trust (NYSE:LXP) Receives $54.00 Consensus Target Price from Analysts

LXP Industrial Trust (NYSE:LXP) has been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $54.00.

Several research analysts have weighed in on the stock. KeyCorp lowered shares of LXP Industrial Trust from an “overweight” rating to a “sector weight” rating in a research note on Thursday, December 4th. Weiss Ratings raised shares of LXP Industrial Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Evercore ISI lifted their price objective on LXP Industrial Trust from $50.00 to $55.00 and gave the company an “in-line” rating in a research report on Monday, October 6th. JMP Securities set a $57.50 target price on LXP Industrial Trust and gave the company a “market outperform” rating in a research note on Tuesday, October 28th. Finally, Citizens Jmp raised LXP Industrial Trust from a “market perform” rating to an “outperform” rating and set a $57.50 target price on the stock in a research report on Tuesday, October 28th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Concurrent Investment Advisors LLC acquired a new stake in shares of LXP Industrial Trust in the second quarter worth about $251,000. Ieq Capital LLC increased its holdings in shares of LXP Industrial Trust by 144.4% during the 1st quarter. Ieq Capital LLC now owns 47,971 shares of the real estate investment trust’s stock valued at $415,000 after acquiring an additional 28,339 shares during the last quarter. Strs Ohio bought a new position in shares of LXP Industrial Trust in the 1st quarter valued at approximately $471,000. Kestra Investment Management LLC lifted its holdings in LXP Industrial Trust by 186.3% in the 1st quarter. Kestra Investment Management LLC now owns 59,538 shares of the real estate investment trust’s stock worth $515,000 after purchasing an additional 38,743 shares during the last quarter. Finally, HighTower Advisors LLC boosted its position in LXP Industrial Trust by 12.3% during the first quarter. HighTower Advisors LLC now owns 59,035 shares of the real estate investment trust’s stock worth $511,000 after purchasing an additional 6,480 shares during the period. Institutional investors and hedge funds own 93.52% of the company’s stock.

LXP Industrial Trust Stock Up 0.3%

Shares of LXP Industrial Trust stock opened at $50.63 on Wednesday. LXP Industrial Trust has a 1 year low of $44.17 and a 1 year high of $97.90. The company has a market cap of $3.00 billion, a P/E ratio of 26.65 and a beta of 1.11. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.18. The stock has a 50-day moving average price of $47.35 and a 200 day moving average price of $44.72.

LXP Industrial Trust (NYSE:LXP) last issued its earnings results on Thursday, October 30th. The real estate investment trust reported $0.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.16. The company had revenue of $86.90 million for the quarter, compared to the consensus estimate of $87.03 million. LXP Industrial Trust had a return on equity of 5.86% and a net margin of 32.19%.The firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 EPS. LXP Industrial Trust has set its FY 2025 guidance at 0.630-0.640 EPS. As a group, analysts expect that LXP Industrial Trust will post 0.63 EPS for the current fiscal year.

LXP Industrial Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Friday, January 30th will be paid a $0.8125 dividend. This represents a $3.25 dividend on an annualized basis and a yield of 6.4%. This is a boost from LXP Industrial Trust’s previous quarterly dividend of $0.14. The ex-dividend date is Friday, January 30th. LXP Industrial Trust’s dividend payout ratio is presently 142.11%.

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.