LXP Industrial Trust (NYSE:LXP) Hits New 12-Month High Following Dividend Announcement

LXP Industrial Trust (NYSE:LXP)’s share price hit a new 52-week high on Monday following a dividend announcement from the company. The company traded as high as $53.63 and last traded at $53.1020, with a volume of 466850 shares. The stock had previously closed at $53.04.

The newly announced dividend which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.2%. LXP Industrial Trust’s dividend payout ratio (DPR) is presently 189.19%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Weiss Ratings raised LXP Industrial Trust from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. Citigroup reissued a “market outperform” rating on shares of LXP Industrial Trust in a research report on Wednesday, June 3rd. JPMorgan Chase & Co. lowered their price objective on LXP Industrial Trust from $50.00 to $49.00 and set a “neutral” rating for the company in a research report on Thursday, March 5th. Evercore set a $54.00 target price on LXP Industrial Trust in a research note on Monday, June 8th. Finally, Wall Street Zen upgraded LXP Industrial Trust from a “sell” rating to a “hold” rating in a research note on Saturday. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $52.63.

LXP Industrial Trust Price Performance

The company has a market cap of $3.19 billion, a PE ratio of 36.52 and a beta of 1.05. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.21 and a current ratio of 0.21. The stock has a 50 day moving average of $51.24 and a 200-day moving average of $49.81.

LXP Industrial Trust (NYSE:LXP) last issued its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter. The company had revenue of $85.95 million during the quarter, compared to analyst estimates of $81.47 million. LXP Industrial Trust had a return on equity of 4.80% and a net margin of 27.05%.The firm’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter last year, the business posted $0.16 EPS. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. Equities analysts predict that LXP Industrial Trust will post 3.33 earnings per share for the current year.

Hedge Funds Weigh In On LXP Industrial Trust

A number of institutional investors have recently modified their holdings of LXP. Caitong International Asset Management Co. Ltd purchased a new position in shares of LXP Industrial Trust during the 3rd quarter valued at about $26,000. EverSource Wealth Advisors LLC raised its stake in shares of 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 valued at $29,000 after buying an additional 1,755 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of 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 buying an additional 1,632 shares during the last quarter. EQ Wealth Advisors LLC purchased a new position in shares of LXP Industrial Trust during the 4th quarter valued at about $34,000. Finally, IFP Advisors Inc raised its stake in shares of LXP Industrial Trust by 63.8% during the 4th quarter. IFP Advisors Inc now owns 837 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 326 shares during the last quarter. Hedge funds and other 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.