LXP Industrial Trust (NYSE:LXP) Receives Average Rating of “Hold” from Brokerages

LXP Industrial Trust (NYSE:LXP) has received a consensus recommendation of “Hold” from the ten analysts that are currently covering the stock, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $56.1667.

LXP has been the subject of several recent research reports. Jefferies Financial Group cut LXP Industrial Trust from a “buy” rating to a “hold” rating and set a $61.00 price target for the company. in a research note on Thursday. Evercore set a $54.00 price objective on shares of LXP Industrial Trust in a report on Monday, June 8th. Weiss Ratings raised LXP Industrial Trust from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 15th. 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. Finally, Raymond James Financial began coverage on LXP Industrial Trust in a research note on Wednesday, June 17th. They set a “market perform” rating on the stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Bank of America Corp DE lifted its position in shares of LXP Industrial Trust by 21.9% during the first quarter. Bank of America Corp DE now owns 437,195 shares of the real estate investment trust’s stock worth $20,225,000 after acquiring an additional 78,685 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in shares of LXP Industrial Trust in the 1st quarter valued at about $1,629,000. Amundi lifted its position in LXP Industrial Trust by 46.9% during the first quarter. Amundi now owns 61,734 shares of the real estate investment trust’s stock valued at $2,856,000 after purchasing an additional 19,713 shares during the last quarter. California State Teachers Retirement System lifted its holdings in shares of LXP Industrial Trust by 30.7% during the 1st quarter. California State Teachers Retirement System now owns 71,015 shares of the real estate investment trust’s stock worth $3,285,000 after acquiring an additional 16,673 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its stake in LXP Industrial Trust by 128.1% during the first quarter. Quantinno Capital Management LP now owns 41,933 shares of the real estate investment trust’s stock worth $1,940,000 after purchasing an additional 23,550 shares during the last quarter. Hedge funds and other institutional investors own 93.52% of the company’s stock.

LXP Industrial Trust Stock Performance

NYSE:LXP opened at $60.63 on Thursday. The firm has a market capitalization of $3.57 billion, a PE ratio of 60.63 and a beta of 1.02. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.19. The stock’s 50-day simple moving average is $55.66 and its 200 day simple moving average is $51.65. LXP Industrial Trust has a twelve month low of $39.32 and a twelve month high of $61.61.

LXP Industrial Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.80 annualized dividend and a yield of 4.6%. LXP Industrial Trust’s payout ratio 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.