Citizens Jmp cut shares of LXP Industrial Trust (NYSE:LXP – Free Report) from a market outperform rating to a hold rating in a research report report published on Tuesday, Marketbeat.com reports.
A number of other equities research analysts have also commented on LXP. Raymond James Financial initiated coverage on shares of LXP Industrial Trust in a report on Wednesday, June 17th. They set a “market perform” rating for the company. BMO Capital Markets assumed coverage on shares of LXP Industrial Trust in a research report on Thursday, July 9th. They issued an “outperform” rating and a $65.00 price objective on the stock. KeyCorp reaffirmed a “sector weight” rating on shares of LXP Industrial Trust in a research note on Tuesday, June 9th. Citigroup reiterated an “outperform” rating on shares of LXP Industrial Trust in a report on Thursday, July 16th. Finally, Evercore set a $54.00 target price on LXP Industrial Trust in a research note on Monday, June 8th. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, LXP Industrial Trust presently has a consensus rating of “Hold” and a consensus target price of $55.20.
Get Our Latest Stock Analysis on LXP Industrial Trust
LXP Industrial Trust Price Performance
LXP Industrial Trust (NYSE:LXP – Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $81.47 million. During the same quarter in the prior year, the firm posted $0.16 earnings per share. The business’s quarterly 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. Analysts forecast that LXP Industrial Trust will post 3.34 EPS for the current year.
LXP Industrial Trust Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Tuesday, June 30th. LXP Industrial Trust’s dividend payout ratio (DPR) is currently 189.19%.
Institutional Investors Weigh In On LXP Industrial Trust
A number of large investors have recently modified their holdings of LXP. Heartland Advisors Inc. purchased a new stake in LXP Industrial Trust in the first quarter worth $10,705,000. Pensionfund Sabic bought a new position in LXP Industrial Trust in the fourth quarter worth $912,000. Eurizon Capital SGR S.p.A. purchased a new position in LXP Industrial Trust during the fourth quarter valued at $1,169,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of LXP Industrial Trust by 3.2% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,159,623 shares of the real estate investment trust’s stock valued at $53,644,000 after buying an additional 36,043 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of LXP Industrial Trust by 31.1% during the 1st quarter. Principal Financial Group Inc. now owns 369,658 shares of the real estate investment trust’s stock valued at $17,100,000 after buying an additional 87,741 shares in the last quarter. 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.
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