LXP Industrial Trust (NYSE:LXP – Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $53.38 and last traded at $53.3350, with a volume of 25798 shares trading hands. The stock had previously closed at $51.54.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on LXP shares. Wall Street Zen downgraded LXP Industrial Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Citigroup restated a “market outperform” rating on shares of LXP Industrial Trust in a report on Wednesday, June 3rd. Evercore set a $54.00 price target on LXP Industrial Trust in a research note on Monday. Weiss Ratings downgraded LXP Industrial Trust from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 1st. 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 investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $52.63.
Get Our Latest Research Report on LXP Industrial Trust
LXP Industrial Trust Price Performance
LXP Industrial Trust (NYSE:LXP – Get Free Report) last issued 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 for the quarter, compared to analyst estimates of $81.47 million. During the same period last year, the company earned $0.16 EPS. 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. On average, analysts anticipate that LXP Industrial Trust will post 3.33 earnings per share for the current fiscal year.
LXP Industrial Trust Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a $0.70 dividend. The ex-dividend date 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 Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. Xponance Inc. lifted its position in shares of LXP Industrial Trust by 0.9% in the 3rd quarter. Xponance Inc. now owns 24,780 shares of the real estate investment trust’s stock worth $222,000 after purchasing an additional 216 shares during the period. IFP Advisors Inc raised its stake in 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 in the last quarter. Allworth Financial LP lifted its holdings in LXP Industrial Trust by 5.9% in the third 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. EQ Wealth Advisors LLC purchased a new stake in LXP Industrial Trust in the fourth quarter worth about $34,000. Finally, Cetera Investment Advisers boosted its position 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 valued at $689,000 after acquiring an additional 743 shares in the last quarter. 93.52% of the stock is currently owned by 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.
Recommended Stories
- Five stocks we like better than LXP Industrial Trust
- Corning Is Paving AI’s Future With Glass
- Why’s Amazon Suddenly Lagging the S&P 500, and Is It a Warning?
- Crypto Winter Is Here: 3 Stocks To Put On Ice This Summer
- The J.M. Smucker Company’s Dividend: Too Sweet to Ignore?
Receive News & Ratings for LXP Industrial Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LXP Industrial Trust and related companies with MarketBeat.com's FREE daily email newsletter.
