LXP Industrial Trust (NYSE:LXP – Get Free Report) has been given an average recommendation of “Hold” by the seven brokerages that are currently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $52.6250.
Several equities analysts have weighed in on LXP shares. Wall Street Zen upgraded shares of LXP Industrial Trust from a “sell” rating to a “hold” rating in a report on Saturday. KeyCorp restated a “sector weight” rating on shares of LXP Industrial Trust in a report on Tuesday. Evercore set a $54.00 target price on shares of LXP Industrial Trust in a report on Monday. Citigroup restated a “market outperform” rating on shares of LXP Industrial Trust in a report on Wednesday, June 3rd. Finally, JPMorgan Chase & Co. dropped their target price 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.
Check Out Our Latest Stock Analysis on LXP Industrial Trust
LXP Industrial Trust Stock Performance
LXP Industrial Trust (NYSE:LXP – Get Free Report) 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 net margin of 27.05% and a return on equity of 4.80%. The firm had revenue of $85.95 million during the quarter, compared to the consensus estimate of $81.47 million. During the same period last year, the firm posted $0.16 EPS. The firm’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. Equities research analysts predict that LXP Industrial Trust will post 3.33 earnings per share for the current fiscal year.
LXP Industrial Trust Cuts Dividend
The firm also recently announced 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 5.3%. The ex-dividend date was Tuesday, March 31st. LXP Industrial Trust’s dividend payout ratio (DPR) is 189.19%.
Hedge Funds Weigh In On LXP Industrial Trust
Several hedge funds have recently added to or reduced their stakes in LXP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in LXP Industrial Trust by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 172,981 shares of the real estate investment trust’s stock valued at $1,496,000 after acquiring an additional 7,577 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of LXP Industrial Trust during the first quarter worth about $129,000. Goldman Sachs Group Inc. grew its holdings in shares of LXP Industrial Trust by 14.1% during the first quarter. Goldman Sachs Group Inc. now owns 3,717,830 shares of the real estate investment trust’s stock worth $32,159,000 after buying an additional 458,195 shares in the last quarter. United Services Automobile Association purchased a new stake in shares of LXP Industrial Trust during the first quarter worth about $158,000. Finally, Jane Street Group LLC grew its holdings in shares of LXP Industrial Trust by 6,092.1% during the first quarter. Jane Street Group LLC now owns 948,134 shares of the real estate investment trust’s stock worth $8,201,000 after buying an additional 932,822 shares in the last quarter. 93.52% of the stock is currently 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.
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