Analysts Set LXP Industrial Trust (NYSE:LXP) Price Target at $57.40

LXP Industrial Trust (NYSE:LXP) has received an average rating of “Hold” from the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $57.40.

Several research firms have recently issued reports on LXP. BMO Capital Markets initiated coverage on LXP Industrial Trust in a research note on Thursday, July 9th. They issued an “outperform” rating and a $65.00 price objective for the company. Citizens Jmp lowered LXP Industrial Trust from a “market outperform” rating to a “hold” rating in a report on Tuesday, July 21st. Evercore set a $54.00 price target on LXP Industrial Trust in a research report on Monday, June 8th. Wall Street Zen lowered shares of LXP Industrial Trust from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. Finally, Weiss Ratings upgraded shares of LXP Industrial Trust from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 15th.

LXP Industrial Trust Stock Performance

LXP Industrial Trust stock opened at $60.71 on Monday. The company’s 50-day moving average price is $58.58 and its 200-day moving average price is $52.92. LXP Industrial Trust has a twelve month low of $43.97 and a twelve month high of $61.61. 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 company has a market cap of $3.58 billion, a PE ratio of 60.71 and a beta of 1.02.

LXP Industrial Trust (NYSE:LXP) last announced its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.01. The firm had revenue of $88.11 million during the quarter, compared to the consensus estimate of $85.37 million. LXP Industrial Trust had a net margin of 18.66% and a return on equity of 3.37%. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.16 EPS. On average, equities research analysts forecast that LXP Industrial Trust will post 3.34 EPS for the current fiscal year.

LXP Industrial Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.6%. The ex-dividend date was Tuesday, June 30th. LXP Industrial Trust’s dividend payout ratio is presently 280.00%.

Institutional Trading of LXP Industrial Trust

Institutional investors have recently added to or reduced their stakes in the company. Balyasny Asset Management L.P. boosted its position in shares of LXP Industrial Trust by 269.0% during the second quarter. Balyasny Asset Management L.P. now owns 6,432,356 shares of the real estate investment trust’s stock valued at $53,131,000 after buying an additional 4,688,972 shares during the period. California State Teachers Retirement System raised its holdings in shares of LXP Industrial Trust by 4,943.7% in the second quarter. California State Teachers Retirement System now owns 3,581,781 shares of the real estate investment trust’s stock worth $192,986,000 after buying an additional 3,510,766 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of LXP Industrial Trust by 468.5% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,057,488 shares of the real estate investment trust’s stock worth $18,435,000 after acquiring an additional 1,695,558 shares during the last quarter. Qube Research & Technologies Ltd lifted its stake in shares of LXP Industrial Trust by 359.3% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,918,740 shares of the real estate investment trust’s stock worth $15,849,000 after acquiring an additional 1,501,010 shares during the last quarter. Finally, Norges Bank purchased a new position in LXP Industrial Trust during the 4th quarter valued at $59,953,000. 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.