LXP Industrial Trust (NYSE:LXP) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Shares of LXP Industrial Trust (NYSE:LXP) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $45.72 and traded as high as $51.29. LXP Industrial Trust shares last traded at $51.2690, with a volume of 447,227 shares traded.

Wall Street Analyst Weigh In

LXP has been the topic of a number of recent analyst reports. KeyCorp downgraded LXP Industrial Trust from an “overweight” rating to a “sector weight” rating in a research report on Thursday, December 4th. Citizens Jmp raised shares of 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. Evercore ISI boosted their price target on shares of LXP Industrial Trust from $50.00 to $55.00 and gave the stock an “in-line” rating in a report on Monday, October 6th. Citigroup upgraded shares of LXP Industrial Trust to an “outperform” rating in a research report on Tuesday, October 28th. Finally, JMP Securities set a $57.50 target price on shares of LXP Industrial Trust and gave the company a “market outperform” rating in a research report on Tuesday, October 28th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $54.00.

LXP Industrial Trust Price Performance

The stock’s fifty day moving average price is $49.11 and its 200-day moving average price is $45.72. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.26 and a quick ratio of 0.26. The firm has a market cap of $3.03 billion, a PE ratio of 26.98 and a beta of 1.10.

LXP Industrial Trust (NYSE:LXP) last posted its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. LXP Industrial Trust had a net margin of 32.19% and a return on equity of 5.86%. The firm had revenue of $86.90 million for the quarter, compared to analyst estimates of $87.03 million. During the same period in the previous year, the business posted $0.80 earnings per share. LXP Industrial Trust’s quarterly revenue was up 1.4% on a year-over-year basis. LXP Industrial Trust has set its FY 2025 guidance at 0.630-0.640 EPS. As a group, equities analysts expect that LXP Industrial Trust will post 0.63 EPS for the current fiscal year.

LXP Industrial Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Friday, January 30th will be given a $0.8125 dividend. This represents a $3.25 dividend on an annualized basis and a dividend yield of 6.3%. This is a boost from LXP Industrial Trust’s previous quarterly dividend of $0.14. The ex-dividend date is Friday, January 30th. LXP Industrial Trust’s dividend payout ratio (DPR) is currently 29.47%.

Hedge Funds Weigh In On LXP Industrial Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in LXP Industrial Trust in the second quarter valued at about $58,163,000. Balyasny Asset Management L.P. raised its stake in shares of LXP Industrial Trust by 269.0% in the 2nd quarter. Balyasny Asset Management L.P. now owns 6,432,356 shares of the real estate investment trust’s stock valued at $53,131,000 after acquiring an additional 4,688,972 shares during the period. Aew Capital Management L P lifted its holdings in shares of LXP Industrial Trust by 61.1% in the 3rd quarter. Aew Capital Management L P now owns 9,135,734 shares of the real estate investment trust’s stock worth $81,856,000 after acquiring an additional 3,465,123 shares during the last quarter. Lasalle Investment Management Securities LLC boosted its position in shares of LXP Industrial Trust by 44.4% during the 2nd quarter. Lasalle Investment Management Securities LLC now owns 9,177,887 shares of the real estate investment trust’s stock worth $75,809,000 after purchasing an additional 2,822,835 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC acquired a new stake in LXP Industrial Trust in the 3rd quarter valued at approximately $15,508,000. Institutional investors and hedge funds own 93.52% of the company’s stock.

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.