LXP Industrial Trust (LXP) - What Are Researchers Thinking About This Stock?

Key Points

• Analyst sentiment is broadly neutral: Eight brokerages rate LXP Industrial Trust an average “Hold” (five holds and three buys), with an average 12-month price target of $57.40.
• Latest quarterly results beat estimates: LXP reported earnings per share of $0.89 versus the $0.07 consensus and revenue of $90.78 million, above analysts’ $87.10 million estimate.
• Institutional ownership stands at 93.52%, with several investment firms recently establishing or increasing positions in the stock.

LXP Industrial Trust (NYSE:LXP - Get Free Report) has received an average rating of "Hold" from the eight brokerages that are covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $57.40.

A number of research analysts have recently issued reports on the stock. Jefferies Financial Group downgraded shares of LXP Industrial Trust from a "buy" rating to a "hold" rating and reduced their price target for the stock from $62.00 to $61.00 in a research report on Thursday, August 6th. Wall Street Zen cut LXP Industrial Trust from a "hold" rating to a "sell" rating in a research note on Sunday, July 12th. Citigroup restated 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 research report on Tuesday, July 21st. Finally, Weiss Ratings upgraded LXP Industrial Trust from a "buy (b-)" rating to a "buy (b)" rating in a research note on Monday.

LXP Industrial Trust Stock Performance

Shares of LXP stock opened at $61.18 on Friday. The stock's 50-day moving average is $60.96 and its two-hundred day moving average is $54.74. The firm has a market cap of $3.61 billion, a price-to-earnings ratio of 31.54 and a beta of 1.02. LXP Industrial Trust has a 1 year low of $44.17 and a 1 year high of $61.61. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.10 and a current ratio of 0.19.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last announced its quarterly earnings data on Tuesday, October 27th. The real estate investment trust reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.82. LXP Industrial Trust had a return on equity of 6.29% and a net margin of 34.31%. The firm had revenue of $90.78 million for the quarter, compared to analyst estimates of $87.10 million. Analysts predict that LXP Industrial Trust will post 3.34 earnings per share for the current year.

Hedge Funds Weigh In On LXP Industrial Trust

Hedge funds have recently made changes to their positions in the stock. First Trust Capital Management L.P. bought a new stake in LXP Industrial Trust in the 3rd quarter valued at $65,565,000. Aew Capital Management Inc. purchased a new stake in LXP Industrial Trust during the third quarter valued at $47,076,000. Bank of New York Mellon Corp purchased a new position in LXP Industrial Trust in the 2nd quarter worth $36,807,000. William Blair Investment Management LLC purchased a new position in LXP Industrial Trust in the second quarter worth approximately $26,535,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in LXP Industrial Trust by 36,383.3% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 434,516 shares of the real estate investment trust's stock valued at $23,412,000 after acquiring an additional 433,325 shares during the period. Institutional investors and hedge funds own 93.52% of the company's stock.

About LXP Industrial Trust

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.

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