LXP Industrial Trust (NYSE:LXP) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

by · The Cerbat Gem

Shares of LXP Industrial Trust (NYSE:LXPGet Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $45.04 and traded as high as $50.06. LXP Industrial Trust shares last traded at $49.66, with a volume of 706,021 shares changing hands.

Analysts Set New Price Targets

Several brokerages have recently commented on LXP. Evercore ISI lifted their price objective on shares of LXP Industrial Trust from $50.00 to $55.00 and gave the company an “in-line” rating in a research note on Monday, October 6th. Citigroup upgraded LXP Industrial Trust to an “outperform” rating in a report on Tuesday, October 28th. Weiss Ratings restated a “buy (b-)” rating on shares of LXP Industrial Trust in a report on Monday. Citizens Jmp upgraded LXP Industrial Trust from a “market perform” rating to an “outperform” rating and set a $57.50 price objective for the company in a research note on Tuesday, October 28th. Finally, JMP Securities set a $57.50 target price on shares of LXP Industrial Trust and gave the company a “market outperform” rating in a research report on Tuesday, October 28th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $54.00.

Get Our Latest Analysis on LXP

LXP Industrial Trust Price Performance

The stock has a market capitalization of $2.94 billion, a PE ratio of 26.14 and a beta of 1.10. 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 firm’s 50 day simple moving average is $47.76 and its 200 day simple moving average is $45.04.

LXP Industrial Trust (NYSE:LXPGet Free Report) last announced its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.16 earnings per share (EPS) 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 company had revenue of $86.90 million during the quarter, compared to analysts’ expectations of $87.03 million. During the same quarter in the prior year, the company earned $0.80 EPS. The firm’s revenue was up 1.4% on a year-over-year basis. LXP Industrial Trust has set its FY 2025 guidance at 0.630-0.640 EPS. As a group, equities analysts forecast 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. This represents a $3.25 dividend on an annualized basis and a dividend yield of 6.5%. This is an increase from LXP Industrial Trust’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, January 30th. LXP Industrial Trust’s payout ratio is 29.47%.

Institutional Investors Weigh In On LXP Industrial Trust

A number of hedge funds and other institutional investors have recently modified their holdings of LXP. Lasalle Investment Management Securities LLC boosted its holdings in LXP Industrial Trust by 6.3% during the 3rd quarter. Lasalle Investment Management Securities LLC now owns 9,756,056 shares of the real estate investment trust’s stock valued at $87,414,000 after acquiring an additional 578,169 shares during the period. Aew Capital Management L P increased its stake in LXP Industrial Trust by 61.1% in the 3rd quarter. Aew Capital Management L P now owns 9,135,734 shares of the real estate investment trust’s stock worth $81,856,000 after purchasing an additional 3,465,123 shares during the period. Norges Bank bought a new stake in LXP Industrial Trust in the second quarter valued at approximately $58,163,000. Balyasny Asset Management L.P. lifted its position in LXP Industrial Trust by 269.0% in 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 purchasing an additional 4,688,972 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of LXP Industrial Trust by 6.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,797,118 shares of the real estate investment trust’s stock valued at $51,942,000 after purchasing an additional 340,733 shares during the period. Institutional investors own 93.52% of the company’s stock.

LXP Industrial Trust Company Profile

(Get Free Report)

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.

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