Shares of LXP Industrial Trust (NYSE:LXP – Get Free Report) have received a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $57.40.
A number of research firms have issued reports on LXP. Wall Street Zen cut shares of LXP Industrial Trust from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. BMO Capital Markets began coverage on shares of LXP Industrial Trust in a report on Thursday, July 9th. They set an “outperform” rating and a $65.00 target price for the company. Citigroup reiterated an “outperform” rating on shares of LXP Industrial Trust in a report on Thursday, July 16th. Weiss Ratings raised LXP Industrial Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Finally, Citizens Jmp cut LXP Industrial Trust from a “market outperform” rating to a “hold” rating in a research note on Tuesday, July 21st.
Get Our Latest Research Report on LXP Industrial Trust
LXP Industrial Trust Price Performance
Shares of LXP Industrial Trust stock opened at $61.01 on Tuesday. LXP Industrial Trust has a 52-week low of $44.17 and a 52-week high of $61.61. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of 61.01 and a beta of 1.02. The company has a fifty day moving average of $60.85 and a 200-day moving average of $55.98. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.10 and a current ratio of 0.10.
LXP Industrial Trust (NYSE:LXP – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.01. The firm had revenue of $88.11 million for the quarter, compared to analysts’ expectations of $85.37 million. LXP Industrial Trust had a return on equity of 3.37% and a net margin of 18.66%. The company’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period last year, the firm earned $0.16 earnings per share. Equities research analysts expect that LXP Industrial Trust will post 3.34 EPS for the current year.
Institutional Investors Weigh In On LXP Industrial Trust
Large investors have recently made changes to their positions in the business. Lasalle Investment Management Securities LLC lifted its position in shares of LXP Industrial Trust by 6.9% in the 1st quarter. Lasalle Investment Management Securities LLC now owns 1,828,528 shares of the real estate investment trust’s stock worth $84,588,000 after purchasing an additional 117,737 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its stake in LXP Industrial Trust by 3.2% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,159,623 shares of the real estate investment trust’s stock worth $53,644,000 after buying an additional 36,043 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in LXP Industrial Trust by 2.2% in the first quarter. Dimensional Fund Advisors LP now owns 875,247 shares of the real estate investment trust’s stock worth $40,489,000 after buying an additional 19,189 shares during the period. Bank of New York Mellon Corp purchased a new stake in LXP Industrial Trust in the second quarter worth about $36,807,000. Finally, William Blair Investment Management LLC purchased a new stake in LXP Industrial Trust in the second quarter worth about $26,535,000. 93.52% of the stock is currently owned by institutional investors.
LXP Industrial Trust Company Profile
LXP Industrial Trust is a real estate investment trust (REIT) that owns and operates primarily single-tenant industrial properties in the United States. Its portfolio is focused on facilities used for manufacturing, distribution, logistics, and other industrial purposes, which are generally leased to corporate and institutional tenants under long-term agreements.
The company generates rental income through the acquisition, ownership, leasing, and management of industrial real estate. LXP has emphasized expanding its presence in major U.S.
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