LXP Industrial Trust (NYSE:LXP) Sets New 52-Week High Following Dividend Announcement

LXP Industrial Trust (NYSE:LXP)’s share price reached a new 52-week high during trading on Monday after the company announced a dividend. The stock traded as high as $53.63 and last traded at $53.1020, with a volume of 466850 shares. The stock had previously closed at $53.04.

The newly announced dividend which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a $0.70 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.80 annualized dividend and a yield of 5.2%. LXP Industrial Trust’s dividend payout ratio is presently 189.19%.

Analyst Upgrades and Downgrades

LXP has been the subject of several recent research reports. Evercore set a $54.00 price target on LXP Industrial Trust in a research report on Monday, June 8th. Wall Street Zen upgraded LXP Industrial Trust from a “sell” rating to a “hold” rating in a research report on Saturday. JPMorgan Chase & Co. lowered their price target on LXP Industrial Trust from $50.00 to $49.00 and set a “neutral” rating on the stock in a research report on Thursday, March 5th. Citigroup restated a “market outperform” rating on shares of LXP Industrial Trust in a research report on Wednesday, June 3rd. Finally, Weiss Ratings raised LXP Industrial Trust from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $52.63.

LXP Industrial Trust Price Performance

The business has a fifty day simple moving average of $51.24 and a two-hundred day simple moving average of $49.81. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.18. The stock has a market cap of $3.19 billion, a PE ratio of 36.52 and a beta of 1.05.

LXP Industrial Trust (NYSE:LXP) last posted its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.80 earnings per share 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 in the prior year, the business earned $0.16 EPS. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. Research analysts forecast that LXP Industrial Trust will post 3.33 earnings per share for the current year.

Hedge Funds Weigh In On LXP Industrial Trust

Hedge funds have recently added to or reduced their stakes in the company. Balyasny Asset Management L.P. grew its position in 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 during the period. Aew Capital Management L P grew its position in LXP Industrial Trust by 61.1% in 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 purchasing an additional 3,465,123 shares during the period. Cbre Investment Management Listed Real Assets LLC bought a new stake in LXP Industrial Trust in the 3rd quarter worth approximately $15,508,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position 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. Finally, M&T Bank Corp bought a new stake in LXP Industrial Trust in the 4th quarter worth approximately $79,619,000. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

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.