LXP Industrial Trust (NYSE:LXP) Given Consensus Recommendation of “Hold” by Analysts

Shares of LXP Industrial Trust (NYSE:LXP) have been assigned an average rating of “Hold” from the nine brokerages that are currently covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $57.40.

Several equities research analysts have recently weighed in on the company. BMO Capital Markets initiated coverage on LXP Industrial Trust in a research note on Thursday, July 9th. They set an “outperform” rating and a $65.00 price objective for the company. Evercore set a $54.00 target price on LXP Industrial Trust in a research report on Monday, June 8th. Raymond James Financial initiated coverage on LXP Industrial Trust in a report on Wednesday, June 17th. They set a “market perform” rating for the company. Wall Street Zen lowered LXP Industrial Trust from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Finally, Citizens Jmp cut LXP Industrial Trust from a “market outperform” rating to a “hold” rating in a research note on Tuesday, July 21st.

LXP Industrial Trust Stock Up 0.0%

LXP stock opened at $60.71 on Monday. LXP Industrial Trust has a 12 month low of $43.97 and a 12 month high of $61.61. The firm has a market cap of $3.58 billion, a PE ratio of 60.71 and a beta of 1.02. The firm has a 50 day simple moving average of $58.58 and a 200 day simple moving average of $52.93. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.10 and a quick ratio of 0.10.

LXP Industrial Trust (NYSE:LXP) last issued its earnings results on Wednesday, July 29th. The real estate investment trust reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.01. The firm had revenue of $88.11 million during the quarter, compared to analysts’ expectations of $85.37 million. LXP Industrial Trust had a net margin of 18.66% and a return on equity of 3.37%. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period last year, the firm posted $0.16 earnings per share. Equities research analysts forecast that LXP Industrial Trust will post 3.34 earnings per share for the current fiscal year.

LXP Industrial Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.80 dividend on an annualized basis and a yield of 4.6%. LXP Industrial Trust’s dividend payout ratio is currently 280.00%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of LXP Industrial Trust by 4.6% in 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 position in LXP Industrial Trust during the 1st quarter worth approximately $129,000. Goldman Sachs Group Inc. grew its position in LXP Industrial Trust by 14.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,717,830 shares of the real estate investment trust’s stock worth $32,159,000 after purchasing an additional 458,195 shares in the last quarter. United Services Automobile Association acquired a new stake in LXP Industrial Trust during the 1st quarter valued at $158,000. Finally, Jane Street Group LLC raised its stake in LXP Industrial Trust by 6,092.1% during the 1st quarter. Jane Street Group LLC now owns 948,134 shares of the real estate investment trust’s stock valued at $8,201,000 after purchasing an additional 932,822 shares during the period. 93.52% of the stock is owned by hedge funds and other 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.