LXP Industrial Trust (NYSE:LXP) Given Average Rating of “Hold” by Analysts

Shares of LXP Industrial Trust (NYSE:LXP) have been assigned an average rating of “Hold” from the nine analysts that are currently covering the company, Marketbeat reports. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $57.40.

LXP has been the topic of a number of recent research reports. Raymond James Financial started coverage on LXP Industrial Trust in a report on Wednesday, June 17th. They issued a “market perform” rating on the stock. Citigroup restated an “outperform” rating on shares of LXP Industrial Trust in a research note on Thursday, July 16th. KeyCorp reaffirmed a “sector weight” rating on shares of LXP Industrial Trust in a research report on Tuesday, June 9th. Weiss Ratings upgraded shares of LXP Industrial Trust from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, June 15th. Finally, Jefferies Financial Group downgraded shares of LXP Industrial Trust from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $62.00 to $61.00 in a report on Thursday, August 6th.

LXP Industrial Trust Price Performance

Shares of LXP opened at $60.92 on Monday. The firm has a fifty day simple moving average of $57.80 and a two-hundred day simple moving average of $52.58. The firm has a market cap of $3.59 billion, a PE ratio of 60.92 and a beta of 1.02. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.19. LXP Industrial Trust has a 1-year low of $43.27 and a 1-year high of $61.61.

LXP Industrial Trust (NYSE:LXP) last released its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.01. LXP Industrial Trust had a return on equity of 3.37% and a net margin of 18.66%.The firm had revenue of $88.11 million for the quarter, compared to the consensus estimate of $85.37 million. During the same period last year, the business posted $0.16 EPS. The company’s revenue for the quarter was up .4% on a year-over-year basis. On average, equities analysts anticipate that LXP Industrial Trust will post 3.34 EPS for the current year.

LXP Industrial Trust Dividend Announcement

The firm also recently declared 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 was Tuesday, June 30th. This represents a $2.80 annualized dividend and a yield of 4.6%. LXP Industrial Trust’s dividend payout ratio (DPR) is presently 280.00%.

Institutional Investors Weigh In On LXP Industrial Trust

Hedge funds have recently modified their holdings of the business. EQ Wealth Advisors LLC purchased a new stake in shares of LXP Industrial Trust in the 4th quarter worth $34,000. IFP Advisors Inc raised its holdings in LXP Industrial Trust by 63.8% in the 4th quarter. IFP Advisors Inc now owns 837 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 326 shares during the period. Allworth Financial LP purchased a new position in LXP Industrial Trust during the second quarter valued at $78,000. Summit Securities Group LLC purchased a new position in LXP Industrial Trust during the first quarter valued at $83,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in LXP Industrial Trust during the third quarter valued at $26,000. Institutional investors own 93.52% of the company’s stock.

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.