LXP Industrial Trust (NYSE:LXP) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Shares of LXP Industrial Trust (NYSE:LXP) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $44.42 and traded as high as $50.16. LXP Industrial Trust shares last traded at $49.9950, with a volume of 503,364 shares.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LXP. Evercore ISI lifted their target price on LXP Industrial Trust from $50.00 to $55.00 and gave the company an “in-line” rating in a report on Monday, October 6th. Citizens Jmp upgraded LXP Industrial Trust from a “market perform” rating to an “outperform” rating and set a $57.50 price objective on the stock in a report on Tuesday, October 28th. KeyCorp lowered LXP Industrial Trust from an “overweight” rating to a “sector weight” rating in a research note on Thursday, December 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of LXP Industrial Trust in a research report on Monday. Finally, Wolfe Research began coverage on shares of LXP Industrial Trust in a report on Friday, August 22nd. They issued an “outperform” rating and a $50.00 price target on the stock. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, LXP Industrial Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.00.

LXP Industrial Trust Stock Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.26 and a current ratio of 0.26. The stock has a fifty day simple moving average of $46.89 and a two-hundred day simple moving average of $44.50. The stock has a market cap of $2.96 billion, a PE ratio of 26.35 and a beta of 1.11.

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

LXP Industrial Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Friday, January 30th will be given a dividend of $0.8125 per share. The ex-dividend date of this dividend is Friday, January 30th. This is a positive change from LXP Industrial Trust’s previous quarterly dividend of $0.14. This represents a $3.25 dividend on an annualized basis and a dividend yield of 6.5%. LXP Industrial Trust’s dividend payout ratio is presently 142.11%.

Institutional Investors Weigh In On LXP Industrial Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd acquired a new stake in shares of LXP Industrial Trust during the third quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in LXP Industrial Trust by 3,809.5% during the 2nd 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 acquiring an additional 3,200 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in LXP Industrial Trust by 101.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,481 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 1,755 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings 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 worth $30,000 after acquiring an additional 1,632 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of LXP Industrial Trust by 50.4% in the 2nd quarter. GAMMA Investing LLC now owns 3,866 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 1,296 shares during the last quarter. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

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.