LXP Industrial Trust (NYSE:LXP) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Analyst consensus is “Hold”: Seven of nine analysts rate LXP Industrial Trust a hold, while two recommend buying. The average 12-month price target is $57.40, below the stock’s reported opening price of $60.92.
• Quarterly results slightly exceeded expectations: LXP reported earnings per share of $0.84 versus the $0.83 consensus estimate, while revenue reached $88.11 million compared with expectations of $85.37 million.
• Institutional ownership remains high: Institutional investors own 93.52% of the stock, with several investment firms recently increasing their positions or initiating new stakes. LXP also pays a $2.80 annualized dividend, representing a 4.6% yield.

Shares of LXP Industrial Trust (NYSE:LXP - Get Free Report) have earned a consensus rating of "Hold" from the nine analysts that are currently covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $57.40.

LXP has been the subject of several research analyst reports. Citizens Jmp cut shares of LXP Industrial Trust from a "market outperform" rating to a "hold" rating in a research report on Tuesday, July 21st. Raymond James Financial started coverage on shares of LXP Industrial Trust in a research note on Wednesday, June 17th. They issued a "market perform" rating on the stock. Weiss Ratings upgraded shares of LXP Industrial Trust from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, June 15th. KeyCorp reiterated a "sector weight" rating on shares of LXP Industrial Trust in a report on Tuesday, June 9th. Finally, Wall Street Zen downgraded shares of LXP Industrial Trust from a "hold" rating to a "sell" rating in a research report on Sunday, July 12th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of LXP. Caitong International Asset Management Co. Ltd purchased a new stake in shares of LXP Industrial Trust during the third quarter valued at $26,000. EverSource Wealth Advisors LLC raised its position in LXP Industrial Trust by 101.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,481 shares of the real estate investment trust's stock worth $29,000 after buying an additional 1,755 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in LXP Industrial Trust by 82.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,623 shares of the real estate investment trust's stock valued at $30,000 after acquiring an additional 1,632 shares during the period. EQ Wealth Advisors LLC bought a new position in LXP Industrial Trust during the 4th quarter valued at about $34,000. Finally, IFP Advisors Inc lifted its stake in LXP Industrial Trust by 63.8% during the 4th quarter. IFP Advisors Inc now owns 837 shares of the real estate investment trust's stock valued at $41,000 after acquiring an additional 326 shares during the period. 93.52% of the stock is owned by institutional investors.

LXP Industrial Trust Price Performance

Shares of LXP Industrial Trust stock opened at $60.92 on Monday. The firm has a market capitalization of $3.59 billion, a PE ratio of 60.92 and a beta of 1.02. The business's 50-day moving average price is $57.80 and its 200-day moving average price is $52.58. LXP Industrial Trust has a 12 month low of $43.27 and a 12 month high of $61.61. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.19.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last issued its earnings results on Wednesday, July 29th. The real estate investment trust reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.01. The company had revenue of $88.11 million during the quarter, compared to analysts' expectations of $85.37 million. LXP Industrial Trust had a return on equity of 3.37% and a net margin of 18.66%.LXP Industrial Trust's quarterly revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.16 EPS. Sell-side analysts forecast that LXP Industrial Trust will post 3.34 EPS for the current fiscal year.

LXP Industrial Trust Dividend Announcement

The firm also recently announced 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. This represents a $2.80 annualized dividend and a yield of 4.6%. The ex-dividend date was Tuesday, June 30th. LXP Industrial Trust's dividend payout ratio (DPR) is currently 280.00%.

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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