LXP Industrial Trust (NYSE:LXP) Stock Crosses Above 200-Day Moving Average – Should You Sell?

LXP Industrial Trust (NYSE:LXP) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $45.32 and traded as high as $51.03. LXP Industrial Trust shares last traded at $50.06, with a volume of 550,057 shares traded.

Analysts Set New Price Targets

Several research firms have issued reports on LXP. Citizens Jmp upgraded shares of 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 note on Tuesday, October 28th. Weiss Ratings restated a “buy (b-)” rating on shares of LXP Industrial Trust in a research note on Monday, December 29th. JMP Securities set a $57.50 price target on LXP Industrial Trust and gave the company a “market outperform” rating in a research report on Tuesday, October 28th. Evercore ISI upped their price objective on shares of LXP Industrial Trust from $50.00 to $55.00 and gave the stock an “in-line” rating in a research report on Monday, October 6th. Finally, KeyCorp lowered shares of LXP Industrial Trust from an “overweight” rating to a “sector weight” rating in a report on Thursday, December 4th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, LXP Industrial Trust presently has an average rating of “Moderate Buy” and a consensus target price of $54.00.

LXP Industrial Trust Stock Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.26 and a current ratio of 0.26. The business has a 50 day moving average price of $48.02 and a two-hundred day moving average price of $45.33. The company has a market cap of $2.96 billion, a P/E ratio of 26.35 and a beta of 1.10.

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

LXP Industrial Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Friday, January 30th will be given a $0.8125 dividend. The ex-dividend date of this dividend is Friday, January 30th. This represents a $3.25 annualized dividend and a dividend yield of 6.5%. This is a positive change from LXP Industrial Trust’s previous quarterly dividend of $0.14. LXP Industrial Trust’s dividend payout ratio is 29.47%.

Institutional Investors Weigh In On LXP Industrial Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LXP. Allworth Financial LP grew its position in shares of LXP Industrial Trust by 5.9% in the 3rd quarter. Allworth Financial LP now owns 5,969 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 332 shares during the period. Swiss Life Asset Management Ltd purchased a new position in shares of LXP Industrial Trust during the third quarter valued at approximately $112,000. Cambria Investment Management L.P. boosted its position in shares of LXP Industrial Trust by 15.6% in the 3rd quarter. Cambria Investment Management L.P. now owns 71,137 shares of the real estate investment trust’s stock worth $637,000 after purchasing an additional 9,610 shares in the last quarter. CIBC Bancorp USA Inc. bought a new position in LXP Industrial Trust during the 3rd quarter valued at approximately $279,000. Finally, Coldstream Capital Management Inc. purchased a new position in LXP Industrial Trust during the third quarter valued at $113,000. 93.52% of the stock is owned by hedge funds and other institutional investors.

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.