Shares of LXP Industrial Trust (NYSE:LXP – Get Free Report) reached a new 52-week high on Friday . The stock traded as high as $53.36 and last traded at $50.6960, with a volume of 101 shares. The stock had previously closed at $51.43.
Wall Street Analyst Weigh In
LXP has been the subject of several research analyst reports. Citigroup reaffirmed an “outperform” rating on shares of LXP Industrial Trust in a report on Friday, February 13th. JPMorgan Chase & Co. reduced their price objective on shares of LXP Industrial Trust from $50.00 to $49.00 and set a “neutral” rating for the company in a report on Thursday, March 5th. Wall Street Zen downgraded shares of LXP Industrial Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Weiss Ratings downgraded shares of LXP Industrial Trust from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 1st. Finally, Evercore set a $51.00 price objective on shares of LXP Industrial Trust in a report on Friday, February 13th. Three equities 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, the stock currently has a consensus rating of “Hold” and a consensus target price of $51.88.
View Our Latest Research Report on LXP Industrial Trust
LXP Industrial Trust Trading Down 1.2%
LXP Industrial Trust (NYSE:LXP – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.80 EPS for the quarter. LXP Industrial Trust had a net margin of 27.05% and a return on equity of 4.80%. The firm had revenue of $85.95 million for the quarter, compared to analysts’ expectations of $81.47 million. During the same period in the previous year, the business earned $0.16 earnings per share. LXP Industrial Trust’s revenue for the quarter 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. Equities research analysts anticipate that LXP Industrial Trust will post 3.31 EPS for the current fiscal year.
LXP Industrial Trust Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 5.5%. The ex-dividend date was Tuesday, March 31st. LXP Industrial Trust’s payout ratio is presently 189.19%.
Institutional Trading of LXP Industrial Trust
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Caxton Associates LLP raised its holdings in LXP Industrial Trust by 18.8% during the 1st quarter. Caxton Associates LLP now owns 8,711 shares of the real estate investment trust’s stock worth $403,000 after buying an additional 1,381 shares during the period. Inceptionr LLC acquired a new stake in LXP Industrial Trust during the 1st quarter worth about $417,000. Cetera Investment Advisers raised its holdings in LXP Industrial Trust by 5.2% during the 1st quarter. Cetera Investment Advisers now owns 14,905 shares of the real estate investment trust’s stock worth $689,000 after buying an additional 743 shares during the period. Lasalle Investment Management Securities LLC raised its holdings in LXP Industrial Trust by 6.9% during the 1st quarter. Lasalle Investment Management Securities LLC now owns 1,828,528 shares of the real estate investment trust’s stock worth $84,588,000 after buying an additional 117,737 shares during the period. Finally, Convergence Investment Partners LLC acquired a new stake in LXP Industrial Trust during the 1st quarter worth about $2,794,000. Institutional investors and hedge funds 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.
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