LXP Industrial Trust (NYSE:LXP) Hits New 12-Month High – Here’s What Happened

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

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LXP. Weiss Ratings cut LXP Industrial Trust from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 1st. KeyCorp restated a “sector weight” rating on shares of LXP Industrial Trust in a report on Tuesday, June 9th. Wall Street Zen raised LXP Industrial Trust from a “sell” rating to a “hold” rating in a research report on Saturday. Citigroup reiterated a “market outperform” rating on shares of LXP Industrial Trust in a research note on Wednesday, June 3rd. Finally, Evercore set a $54.00 price target on shares of LXP Industrial Trust in a research report on Monday, June 8th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $52.63.

LXP Industrial Trust Stock Up 0.8%

The firm has a market cap of $3.15 billion, a PE ratio of 36.14 and a beta of 1.05. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average price of $50.92 and a two-hundred day moving average price of $49.73.

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

Hedge Funds Weigh In On LXP Industrial Trust

Institutional investors and hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in LXP Industrial Trust by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 172,981 shares of the real estate investment trust’s stock worth $1,496,000 after acquiring an additional 7,577 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of LXP Industrial Trust in the 1st quarter valued at approximately $129,000. Goldman Sachs Group Inc. raised its holdings in shares of LXP Industrial Trust by 14.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,717,830 shares of the real estate investment trust’s stock valued at $32,159,000 after purchasing an additional 458,195 shares in the last quarter. United Services Automobile Association purchased a new position in LXP Industrial Trust in the first quarter valued at $158,000. Finally, Jane Street Group LLC increased its holdings in LXP Industrial Trust by 6,092.1% in the first quarter. Jane Street Group LLC now owns 948,134 shares of the real estate investment trust’s stock valued at $8,201,000 after buying an additional 932,822 shares during the last quarter. 93.52% of the stock is owned by institutional investors and hedge funds.

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.