LXP Industrial Trust (LXP) - What Are Brokerages Saying About This Stock?

Key Points

• Analyst sentiment is neutral: LXP Industrial Trust has a consensus “Hold” rating from eight analysts, with six holds and two buys. The average 12-month price target is $57.40, below the reported share price of $61.03.
• Recent quarterly results exceeded expectations: LXP reported earnings of $0.84 per share versus the $0.83 consensus estimate, while revenue reached $88.11 million, ahead of the $85.37 million forecast.
• Institutional ownership remains high: Institutional investors own 93.52% of the company’s stock, while several investment firms recently initiated or increased positions.

LXP Industrial Trust (NYSE:LXP - Get Free Report) has earned a consensus rating of "Hold" from the eight analysts that are covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $57.40.

A number of research analysts have weighed in on the stock. Jefferies Financial Group lowered shares of LXP Industrial Trust from a "buy" rating to a "hold" rating and cut their price target for the company from $62.00 to $61.00 in a research note on Thursday, August 6th. Wall Street Zen downgraded shares of LXP Industrial Trust from a "hold" rating to a "sell" rating in a research report on Sunday, July 12th. Citigroup reissued an "outperform" rating on shares of LXP Industrial Trust in a research report on Thursday, July 16th. Weiss Ratings upgraded shares of LXP Industrial Trust from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday. Finally, Citizens Jmp lowered shares of LXP Industrial Trust from a "market outperform" rating to a "hold" rating in a report on Tuesday, July 21st.

LXP Industrial Trust Stock Up 0.1%

Shares of LXP Industrial Trust stock opened at $61.03 on Tuesday. The company has a market capitalization of $3.60 billion, a P/E ratio of 61.03 and a beta of 1.02. 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 business has a 50-day moving average of $60.83 and a two-hundred day moving average of $55.67. LXP Industrial Trust has a 1 year low of $44.13 and a 1 year high of $61.61.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last released 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 return on equity of 3.37% and a net margin of 18.66%. The business had revenue of $88.11 million for the quarter, compared to analysts' expectations of $85.37 million. During the same quarter in the previous year, the business posted $0.16 EPS. LXP Industrial Trust's revenue for the quarter was up .4% on a year-over-year basis. As a group, equities analysts predict that LXP Industrial Trust will post 3.34 EPS for the current year.

Hedge Funds Weigh In On LXP Industrial Trust

Large investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC bought a new stake in LXP Industrial Trust during the 2nd quarter worth about $46,000. Farther Finance Advisors LLC boosted its stake in shares of LXP Industrial Trust by 141.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,132 shares of the real estate investment trust's stock worth $69,000 after buying an additional 664 shares during the last quarter. Allworth Financial LP acquired a new position in shares of LXP Industrial Trust during the 2nd quarter worth about $78,000. Summit Securities Group LLC bought a new position in shares of LXP Industrial Trust in the 1st quarter valued at about $83,000. Finally, GAMMA Investing LLC grew its holdings in shares of LXP Industrial Trust by 25.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,881 shares of the real estate investment trust's stock valued at $115,000 after acquiring an additional 385 shares in the last quarter. Institutional investors own 93.52% of the company's stock.

About LXP Industrial Trust

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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