JPMorgan Chase & Co. Cuts LXP Industrial Trust (NYSE:LXP) Price Target to $49.00

LXP Industrial Trust (NYSE:LXP) had its price target reduced by equities researchers at JPMorgan Chase & Co. from $50.00 to $49.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 1.03% from the stock’s current price.

LXP has been the topic of a number of other reports. Citigroup reiterated an “outperform” rating on shares of LXP Industrial Trust in a research note on Friday, February 13th. Weiss Ratings lowered LXP Industrial Trust from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. KeyCorp downgraded LXP Industrial Trust from an “overweight” rating to a “sector weight” rating in a report on Thursday, December 4th. Finally, Evercore set a $51.00 price target on LXP Industrial Trust in a research report on Friday, February 13th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, LXP Industrial Trust presently has an average rating of “Hold” and an average price target of $51.50.

LXP Industrial Trust Stock Down 1.5%

Shares of LXP Industrial Trust stock traded down $0.73 during trading on Thursday, hitting $48.50. 527,585 shares of the stock traded hands, compared to its average volume of 575,122. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.18. The stock’s fifty day simple moving average is $49.71 and its 200 day simple moving average is $47.59. The firm has a market cap of $2.87 billion, a P/E ratio of 26.80 and a beta of 1.09. LXP Industrial Trust has a 52-week low of $34.25 and a 52-week high of $52.52.

LXP Industrial Trust (NYSE:LXP) last released its quarterly earnings data on Thursday, February 12th. The real estate investment trust reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.06). LXP Industrial Trust had a return on equity of 5.70% and a net margin of 32.27%.The business had revenue of $86.74 million during the quarter, compared to analysts’ expectations of $86.05 million. During the same period last year, the company earned $0.16 earnings per share. The firm’s revenue was down 14.0% 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 predict that LXP Industrial Trust will post 0.63 earnings per share for the current fiscal year.

Institutional Trading of LXP Industrial Trust

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