LXP Industrial Trust (NYSE:LXP) Rating Increased to Strong-Buy at BMO Capital Markets

LXP Industrial Trust (NYSE:LXP) was upgraded by analysts at BMO Capital Markets to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

Several other analysts have also commented on the stock. Weiss Ratings raised shares of LXP Industrial Trust from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 15th. KeyCorp reissued a “sector weight” rating on shares of LXP Industrial Trust in a research report on Tuesday, June 9th. Citigroup restated a “market outperform” rating on shares of LXP Industrial Trust in a research note on Wednesday, June 3rd. Evercore set a $54.00 price target on shares of LXP Industrial Trust in a report on Monday, June 8th. Finally, Raymond James Financial started coverage on LXP Industrial Trust in a research note on Wednesday, June 17th. They issued a “market perform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $55.10.

LXP Industrial Trust Stock Up 0.2%

Shares of NYSE:LXP opened at $55.03 on Thursday. LXP Industrial Trust has a 1 year low of $38.20 and a 1 year high of $56.93. The company has a market capitalization of $3.24 billion, a PE ratio of 37.18 and a beta of 1.04. The business has a fifty day moving average price of $52.79 and a two-hundred day moving average price of $50.44. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.21 and a quick ratio of 0.21.

LXP Industrial Trust (NYSE:LXP) last released its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.80 EPS for the quarter. The company had revenue of $85.95 million for the quarter, compared to analysts’ expectations of $81.47 million. LXP Industrial Trust had a return on equity of 4.80% and a net margin of 27.05%.The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.16 EPS. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. Analysts forecast that LXP Industrial Trust will post 3.34 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd purchased a new stake in shares of LXP Industrial Trust during the third quarter worth $26,000. EverSource Wealth Advisors LLC grew its position in shares of LXP Industrial Trust by 101.7% in the second quarter. EverSource Wealth Advisors LLC now owns 3,481 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 1,755 shares in 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 purchasing an additional 1,632 shares during the period. EQ Wealth Advisors LLC bought a new stake in shares of LXP Industrial Trust during the 4th quarter valued at $34,000. Finally, IFP Advisors Inc lifted its holdings in 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 worth $41,000 after purchasing an additional 326 shares in the last quarter. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

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.