LXP Industrial Trust

LXP · NYSE

$61.07−$0.01 (−0.02%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $61.08

LXP analyst rating

HoldConsensus of 7 analysts over the last 12 months. 14% rate it a buy.

Strong buy0
Buy1
Hold6
Underperform0
Sell0

12-month price target · 6 analysts

Average $61.20 (+0.2% upside)

Low: $56.56
Now: $61.07
High: $68.25

Upgrades and downgrades

The latest rating actions, newest first

LXP analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Jefferies	Aug 6, 2026	Downgrade	Buy → Hold	$62.00 → $61.00	54%
Evercore ISI Group	Jul 21, 2026	Maintains	In-Line	$54.00 → $61.00	47%
Citizens	Jul 21, 2026	Downgrade	Market Outperform → Market Perform	—	44%
Citizens	Jul 16, 2026	Maintains	Market Outperform	$53.00 → $58.00	44%
BMO Capital	Jul 9, 2026	Initiates	Outperform	$65.00	47%
Raymond James	Jun 18, 2026	Initiates	Market Perform	—	53%
Evercore ISI Group	Apr 30, 2026	Maintains	In-Line	$51.00 → $53.00	47%
JP Morgan	Mar 5, 2026	Maintains	Neutral	$50.00 → $49.00	58%
Evercore ISI Group	Feb 13, 2026	Maintains	In-Line	$55.00 → $51.00	47%
Keybanc	Dec 4, 2025	Downgrade	Overweight → Sector Weight	—	46%

The case for and against

Updated Oct 15, 2026

Bull case

LXP Industrial Tr is supported by a stronger balance sheet, improving leverage, and disciplined capital deployment following strategic dispositions in 2025, including the sale of two vacant development projects in October 2025. Its outlook is further bolstered by accelerating leasing momentum, with 4.6 msf of first- and second-generation leasing completed by early June and average rent growth of about 23%, while favorable market exposure in Phoenix and Columbus aligns with industrial demand tailwinds. Valuation also appears attractive, as the stock trades at an 18.2x multiple on the 2026 FFO/share estimate, roughly five turns below the industrial REIT sector average despite fair pricing at a 5.9% cap rate.

Bear case

LXP Industrial Tr is pressured by higher interest rates, which narrow the spread between investment yield and cost of capital, raise refinancing risk on upcoming debt maturities, and can compress asset values as cap rates move higher. Its fundamental outlook is further weakened by exposure to recession-sensitive retail and logistics demand, tenant bankruptcy risk, and speculative development projects that could delay lease-up, keep leverage elevated, and produce yields below expectations. Although management is streamlining the portfolio with about $200M of assets for sale and debt/EBITDA improved to 5.1x from 5.8x, the need for capital markets liquidity and continued debt management leaves the balance sheet vulnerable.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.