LXP Industrial Trust (NYSE:LXP) Receives $54.00 Consensus Price Target from Analysts

Shares of LXP Industrial Trust (NYSE:LXP) have been given an average recommendation of “Moderate Buy” by the seven analysts that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $54.00.

A number of analysts recently issued reports on LXP shares. Evercore ISI increased their target price on LXP Industrial Trust from $50.00 to $55.00 and gave the stock an “in-line” rating in a research note on Monday, October 6th. KeyCorp downgraded shares of LXP Industrial Trust from an “overweight” rating to a “sector weight” rating in a research report on Thursday, December 4th. JMP Securities set a $57.50 price objective on shares of LXP Industrial Trust and gave the stock a “market outperform” rating in a report on Tuesday, October 28th. Weiss Ratings lowered shares of LXP Industrial Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. Finally, Citizens Jmp raised LXP Industrial Trust from a “market perform” rating to an “outperform” rating and set a $57.50 price target on the stock in a research note on Tuesday, October 28th.

LXP Industrial Trust Stock Performance

LXP stock opened at $50.41 on Friday. LXP Industrial Trust has a 1-year low of $44.17 and a 1-year high of $97.90. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.18. The firm has a market cap of $2.98 billion, a PE ratio of 26.53 and a beta of 1.10. The business’s 50-day moving average price is $48.21 and its two-hundred day moving average price is $45.54.

LXP Industrial Trust (NYSE:LXP) last announced its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. LXP Industrial Trust had a return on equity of 5.86% and a net margin of 32.19%.The company had revenue of $86.90 million during the quarter, compared to the consensus estimate of $87.03 million. During the same period in the prior 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. As a group, research analysts forecast that LXP Industrial Trust will post 0.63 earnings per share for the current year.

LXP Industrial Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Investors 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 dividend on an annualized basis and a yield of 6.4%. This is a boost from LXP Industrial Trust’s previous quarterly dividend of $0.14. LXP Industrial Trust’s payout ratio is 29.47%.

Hedge Funds Weigh In On LXP Industrial Trust

Hedge funds have recently made changes to their positions in the business. Concurrent Investment Advisors LLC acquired a new stake in LXP Industrial Trust in the 2nd quarter valued at $251,000. Strs Ohio bought a new position in shares of LXP Industrial Trust in the 1st quarter valued at about $471,000. Diversified Trust Co grew its holdings in shares of LXP Industrial Trust by 222.5% in the 2nd quarter. Diversified Trust Co now owns 104,549 shares of the real estate investment trust’s stock valued at $864,000 after acquiring an additional 72,135 shares in the last quarter. GAMMA Investing LLC increased its position in shares of LXP Industrial Trust by 50.4% in the second quarter. GAMMA Investing LLC now owns 3,866 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 1,296 shares during the last quarter. Finally, Shikiar Asset Management Inc. raised its holdings in LXP Industrial Trust by 13.3% during the second quarter. Shikiar Asset Management Inc. now owns 359,300 shares of the real estate investment trust’s stock worth $2,968,000 after acquiring an additional 42,050 shares in the last quarter. 93.52% of the stock is 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.