LXP Industrial Trust (NYSE:LXP) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

LXP Industrial Trust (NYSE:LXP) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $45.72 and traded as high as $51.29. LXP Industrial Trust shares last traded at $51.2690, with a volume of 447,227 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on LXP shares. Weiss Ratings cut shares of LXP Industrial Trust from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Citizens Jmp raised LXP Industrial Trust from a “market perform” rating to an “outperform” rating and set a $57.50 price target on the stock in a report on Tuesday, October 28th. JMP Securities set a $57.50 price target on shares of LXP Industrial Trust and gave the stock a “market outperform” rating in a research note on Tuesday, October 28th. Citigroup upgraded shares of LXP Industrial Trust to an “outperform” rating in a research report on Tuesday, October 28th. Finally, KeyCorp downgraded LXP Industrial Trust from an “overweight” rating to a “sector weight” rating in a research report on Thursday, December 4th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $54.00.

LXP Industrial Trust Stock Performance

The business has a 50-day moving average of $49.11 and a two-hundred day moving average of $45.72. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.26 and a quick ratio of 0.26. The company has a market cap of $3.03 billion, a P/E ratio of 26.98 and a beta of 1.10.

LXP Industrial Trust (NYSE:LXP) last released its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.16 earnings per share for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $87.03 million. During the same period last year, the business earned $0.80 EPS. The company’s 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. On average, sell-side analysts predict that LXP Industrial Trust will post 0.63 EPS for the current fiscal year.

LXP Industrial Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Friday, January 30th will be paid a dividend of $0.8125 per share. The ex-dividend date is Friday, January 30th. This is an increase from LXP Industrial Trust’s previous quarterly dividend of $0.14. This represents a $3.25 annualized dividend and a dividend yield of 6.3%. LXP Industrial Trust’s payout ratio is presently 29.47%.

Institutional Trading of LXP Industrial Trust

Several large investors have recently added to or reduced their stakes in LXP. Caitong International Asset Management Co. Ltd purchased a new stake in LXP Industrial Trust in the 3rd quarter worth approximately $26,000. EverSource Wealth Advisors LLC lifted its stake in shares of 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 valued at $29,000 after purchasing an additional 1,755 shares during the period. Geneos Wealth Management Inc. boosted its holdings 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 worth $30,000 after buying an additional 1,632 shares in the last quarter. 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. Finally, Allworth Financial LP grew its position in LXP Industrial Trust by 5.9% during the third quarter. Allworth Financial LP now owns 5,969 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 332 shares during the period. Hedge funds and other institutional investors own 93.52% of the company’s stock.

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.