LXP Industrial Trust (NYSE:LXP – Get Free Report) shares saw unusually-strong trading volume on Monday. Approximately 1,071,566 shares were traded during mid-day trading, an increase of 61% from the previous session’s volume of 664,314 shares. The stock last traded at $61.1450 and had previously closed at $61.10.
Wall Street Analyst Weigh In
LXP has been the subject of a number of research reports. Weiss Ratings upgraded LXP Industrial Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, October 12th. Citigroup reaffirmed an “outperform” rating on shares of LXP Industrial Trust in a report on Thursday, July 16th. Citizens Jmp cut LXP Industrial Trust from a “market outperform” rating to a “hold” rating in a report on Tuesday, July 21st. Wall Street Zen cut LXP Industrial Trust from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Finally, Jefferies Financial Group downgraded shares of LXP Industrial Trust from a “buy” rating to a “hold” rating and dropped their price target for the stock from $62.00 to $61.00 in a research note on Thursday, August 6th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, LXP Industrial Trust presently has an average rating of “Hold” and an average target price of $57.40.
View Our Latest Analysis on LXP
LXP Industrial Trust Stock Performance
The company’s 50-day moving average price is $60.91 and its two-hundred day moving average price is $56.62. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.10 and a quick ratio of 0.10. The company has a market capitalization of $3.60 billion, a price-to-earnings ratio of 61.12 and a beta of 1.02.
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 for the quarter, beating the consensus estimate of $0.83 by $0.01. LXP Industrial Trust had a net margin of 18.66% and a return on equity of 3.37%. The firm had revenue of $88.11 million for the quarter, compared to analyst estimates of $85.37 million. During the same quarter in the prior year, the business earned $0.16 earnings per share. The business’s quarterly revenue was up .4% compared to the same quarter last year. On average, equities research analysts anticipate that LXP Industrial Trust will post 3.34 EPS for the current fiscal year.
Institutional Investors Weigh In On LXP Industrial Trust
Institutional investors have recently bought and sold shares of the stock. Lasalle Investment Management Securities LLC lifted its position in shares of LXP Industrial Trust by 6.9% during the first quarter. Lasalle Investment Management Securities LLC now owns 1,828,528 shares of the real estate investment trust’s stock valued at $84,588,000 after purchasing an additional 117,737 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position 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 acquiring an additional 36,043 shares during the period. Dimensional Fund Advisors LP boosted its stake 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 valued at $40,489,000 after acquiring an additional 19,189 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of LXP Industrial Trust during the 2nd quarter valued at approximately $36,807,000. Finally, William Blair Investment Management LLC bought a new position in shares of LXP Industrial Trust during the 2nd quarter valued at approximately $26,535,000. Institutional investors own 93.52% of the company’s stock.
LXP Industrial Trust Company Profile
LXP Industrial Trust (NYSE:LXP) is a self-managed real estate investment trust focused on owning and managing industrial properties in the United States. The company primarily invests in single-tenant, long-term leased facilities, including distribution centers, logistics properties, and manufacturing buildings.
LXP’s portfolio serves tenants involved in logistics, supply chain management, manufacturing, and other industrial activities. Its properties are located across several U.S. markets, with an emphasis on areas supported by population growth, transportation infrastructure, and expanding industrial demand.
Further Reading
- Five stocks we like better than LXP Industrial Trust
- Anthropic’s IPO Filing Reveals a Massive Opportunity for AI Infrastructure Giants
- Buy the Dip: 4 Stocks the Market Marked Down Too Far Ahead of Big Catalysts
- Insiders Are Selling These 5 AI Stocks—Should You Worry?
- 3 Companies With Room to Pass on Costs to Manage Inflation
Receive News & Ratings for LXP Industrial Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LXP Industrial Trust and related companies with MarketBeat.com's FREE daily email newsletter.
