LXP Industrial Trust (NYSE:LXP) Trading 5.2% Higher - Should You Buy?

Key Points

• LXP Industrial Trust's stock price increased by 5.2% during mid-day trading, reaching $8.57, although trading volume was significantly lower than average.
• Analysts have mixed views on LXP, with a consensus rating of "Hold" and an average price target of $10.50, down from a previous target of $11.00 set by KeyCorp.
• The company recently declared a quarterly dividend of $0.135, yielding 6.3%, but its payout ratio is notably high at 192.86%.

LXP Industrial Trust (NYSE:LXP - Get Free Report) shares traded up 5.2% on Tuesday . The company traded as high as $8.54 and last traded at $8.57. 1,074,952 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 2,887,188 shares. The stock had previously closed at $8.14.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. JMP Securities reiterated a "market perform" rating on shares of LXP Industrial Trust in a research note on Monday, May 5th. Wolfe Research assumed coverage on shares of LXP Industrial Trust in a report on Friday. They set an "outperform" rating and a $10.00 target price on the stock. Finally, KeyCorp decreased their price target on shares of LXP Industrial Trust from $11.00 to $10.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $10.33.

LXP Industrial Trust Stock Performance

The company's 50-day moving average price is $8.32 and its 200 day moving average price is $8.37. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.13 and a current ratio of 0.13. The stock has a market capitalization of $2.60 billion, a PE ratio of 31.41 and a beta of 1.01.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.16. LXP Industrial Trust had a net margin of 24.07% and a return on equity of 4.34%. The company had revenue of $86.74 million during the quarter, compared to analysts' expectations of $87.25 million. During the same period last year, the company posted $0.16 EPS. LXP Industrial Trust's revenue was up 2.2% on a year-over-year basis. LXP Industrial Trust has set its FY 2025 guidance at 0.620-0.640 EPS. On average, equities research analysts expect that LXP Industrial Trust will post 0.63 earnings per share for the current fiscal year.

LXP Industrial Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a $0.135 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 6.1%. LXP Industrial Trust's dividend payout ratio (DPR) is presently 192.86%.

Hedge Funds Weigh In On LXP Industrial Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Signaturefd LLC lifted its holdings in LXP Industrial Trust by 678.3% during the first quarter. Signaturefd LLC now owns 6,281 shares of the real estate investment trust's stock valued at $54,000 after purchasing an additional 5,474 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in LXP Industrial Trust by 3.1% during the first quarter. Principal Financial Group Inc. now owns 1,472,285 shares of the real estate investment trust's stock valued at $12,735,000 after purchasing an additional 44,233 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in LXP Industrial Trust by 33.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 27,319 shares of the real estate investment trust's stock valued at $236,000 after purchasing an additional 6,800 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in LXP Industrial Trust by 102.0% during the first quarter. Teacher Retirement System of Texas now owns 135,450 shares of the real estate investment trust's stock valued at $1,172,000 after purchasing an additional 68,399 shares in the last quarter. Finally, Neo Ivy Capital Management purchased a new position in LXP Industrial Trust during the fourth quarter valued at approximately $1,199,000. Hedge funds and other institutional investors own 93.52% of the company's stock.

About LXP Industrial Trust

LXP Industrial Trust NYSE: LXP is a publicly traded real estate investment trust (REIT) focused on single-tenant industrial real estate investments across the United States. LXP seeks to expand its industrial portfolio through acquisitions, build-to-suit transactions, sale-leaseback transactions, development projects and other transactions.