LXP Industrial Trust (NYSE:LXP) Shares Up 5.2% - 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 shot up 5.2% on Tuesday . The stock traded as high as $8.54 and last traded at $8.57. 1,074,952 shares traded 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.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LXP. Wolfe Research began coverage on shares of LXP Industrial Trust in a research report on Friday. They issued an "outperform" rating and a $10.00 price target for the company. JMP Securities reaffirmed a "market perform" rating on shares of LXP Industrial Trust in a research report on Monday, May 5th. Finally, KeyCorp lowered their price target on shares of LXP Industrial Trust from $11.00 to $10.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $10.33.

LXP Industrial Trust Trading Up 2.6%

The company has a debt-to-equity ratio of 0.18, a current ratio of 0.13 and a quick ratio of 0.13. The company's fifty day moving average is $8.32 and its 200-day moving average is $8.37. The stock has a market cap 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 earnings results on Wednesday, July 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 net margin of 24.07% and a return on equity of 4.34%. The firm had revenue of $86.74 million during the quarter, compared to analysts' expectations of $87.25 million. During the same quarter last year, the company posted $0.16 earnings per share. The firm's revenue was up 2.2% compared to the same quarter last year. LXP Industrial Trust has set its FY 2025 guidance at 0.620-0.640 EPS. On average, analysts predict that LXP Industrial Trust will post 0.63 earnings per share for the current fiscal year.

LXP Industrial Trust Dividend Announcement

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

Institutional Trading of LXP Industrial Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. grew its position in LXP Industrial Trust by 3,809.5% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,284 shares of the real estate investment trust's stock valued at $27,000 after buying an additional 3,200 shares during the period. EQ Wealth Advisors LLC acquired a new stake in LXP Industrial Trust during the first quarter valued at $30,000. EverSource Wealth Advisors LLC grew its position in LXP Industrial Trust by 101.7% during the second quarter. EverSource Wealth Advisors LLC now owns 3,481 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 1,755 shares during the period. Geneos Wealth Management Inc. grew its position in LXP Industrial Trust by 82.0% during the second quarter. Geneos Wealth Management Inc. now owns 3,623 shares of the real estate investment trust's stock valued at $30,000 after buying an additional 1,632 shares during the period. Finally, GAMMA Investing LLC grew its position in LXP Industrial Trust by 50.4% during the second quarter. GAMMA Investing LLC now owns 3,866 shares of the real estate investment trust's stock valued at $32,000 after buying an additional 1,296 shares during the period. Institutional investors and hedge funds own 93.52% of the company's stock.

LXP Industrial Trust Company Profile

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.