LXP Industrial Trust (NYSE:LXP) Sets New 52-Week High – Still a Buy?

LXP Industrial Trust (NYSE:LXP)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $52.54 and last traded at $52.33, with a volume of 9436 shares trading hands. The stock had previously closed at $51.76.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on LXP shares. Weiss Ratings lowered LXP Industrial Trust from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Wall Street Zen lowered LXP Industrial Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Citigroup reissued an “outperform” rating on shares of LXP Industrial Trust in a research note on Friday, February 13th. Evercore set a $51.00 price objective on LXP Industrial Trust in a research note on Friday, February 13th. Finally, JPMorgan Chase & Co. dropped their price objective on LXP Industrial Trust from $50.00 to $49.00 and set a “neutral” rating for the company in a research note on Thursday, March 5th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, LXP Industrial Trust presently has an average rating of “Hold” and an average price target of $51.88.

LXP Industrial Trust Stock Performance

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 50 day simple moving average of $48.75 and a 200-day simple moving average of $48.63. The stock has a market cap of $3.09 billion, a P/E ratio of 35.38 and a beta of 1.06.

LXP Industrial Trust (NYSE:LXP) last issued its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.80 earnings per share (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 during the quarter, compared to analyst estimates of $81.47 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company’s revenue 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 expect that LXP Industrial Trust will post 3.31 earnings per share for the current fiscal year.

LXP Industrial Trust Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.80 annualized dividend and a yield of 5.3%. LXP Industrial Trust’s payout ratio is 189.19%.

Institutional Investors Weigh In On LXP Industrial Trust

Several hedge funds have recently added to or reduced their stakes in LXP. Caitong International Asset Management Co. Ltd bought a new stake in LXP Industrial Trust during the third quarter worth about $26,000. EverSource Wealth Advisors LLC increased its holdings in shares of LXP Industrial Trust by 101.7% in the second quarter. EverSource Wealth Advisors LLC now owns 3,481 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 1,755 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of LXP Industrial Trust by 82.0% in the second quarter. Geneos Wealth Management Inc. now owns 3,623 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 1,632 shares during the period. EQ Wealth Advisors LLC purchased a new position in shares of LXP Industrial Trust in the fourth quarter worth about $34,000. Finally, IFP Advisors Inc increased its holdings in shares of LXP Industrial Trust by 63.8% in the fourth quarter. IFP Advisors Inc now owns 837 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 326 shares during the period. Institutional investors own 93.52% of the company’s stock.

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.