LXP Industrial Trust (NYSE:LXP) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Shares of LXP Industrial Trust (NYSE:LXP) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $44.76 and traded as high as $50.96. LXP Industrial Trust shares last traded at $50.84, with a volume of 271,735 shares.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on LXP shares. Citigroup raised shares of LXP Industrial Trust to an “outperform” rating in a research note on Tuesday, October 28th. Citizens Jmp raised LXP Industrial Trust from a “market perform” rating to an “outperform” rating and set a $57.50 target price on the stock in a research report on Tuesday, October 28th. Evercore ISI upped their price target on LXP Industrial Trust from $50.00 to $55.00 and gave the stock an “in-line” rating in a research note on Monday, October 6th. JMP Securities set a $57.50 target price on shares of LXP Industrial Trust and gave the stock a “market outperform” rating in a research report on Tuesday, October 28th. Finally, KeyCorp lowered LXP Industrial Trust from an “overweight” rating to a “sector weight” rating in a research note on Thursday, December 4th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, LXP Industrial Trust has an average rating of “Moderate Buy” and a consensus price target of $54.00.

LXP Industrial Trust Stock Performance

The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 26.61 and a beta of 1.11. The company’s fifty day simple moving average is $47.52 and its two-hundred day simple moving average is $44.81. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.26 and a current ratio of 0.26.

LXP Industrial Trust (NYSE:LXP) last announced its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. The firm had revenue of $86.90 million during the quarter, compared to analyst estimates of $87.03 million. LXP Industrial Trust had a return on equity of 5.86% and a net margin of 32.19%.LXP Industrial Trust’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.80 earnings per share. LXP Industrial Trust has set its FY 2025 guidance at 0.630-0.640 EPS. Equities research analysts predict that LXP Industrial Trust will post 0.63 earnings per share for the current fiscal year.

LXP Industrial Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Friday, January 30th will be paid a $0.8125 dividend. The ex-dividend date of this dividend is Friday, January 30th. This represents a $3.25 dividend on an annualized basis and a dividend yield of 6.4%. This is an increase from LXP Industrial Trust’s previous quarterly dividend of $0.14. LXP Industrial Trust’s dividend payout ratio (DPR) is currently 142.11%.

Institutional Trading of LXP Industrial Trust

Several institutional investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new position in LXP Industrial Trust in the 3rd quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of LXP Industrial Trust by 3,809.5% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,284 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 3,200 shares during the period. EverSource Wealth Advisors LLC lifted its position in LXP Industrial Trust by 101.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,481 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 1,755 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in LXP Industrial Trust by 82.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,623 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 1,632 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of LXP Industrial Trust by 50.4% in the second quarter. GAMMA Investing LLC now owns 3,866 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 1,296 shares during the last quarter. Institutional investors and hedge funds 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.