LXP Industrial Trust (NYSE:LXP) Given "Market Perform" Rating at JMP Securities

LXP Industrial Trust (NYSE:LXP - Get Free Report)'s stock had its "market perform" rating reaffirmed by investment analysts at JMP Securities in a research note issued to investors on Monday,Benzinga reports.

Separately, KeyCorp reduced their target price on shares of LXP Industrial Trust from $11.00 to $10.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, LXP Industrial Trust has an average rating of "Moderate Buy" and a consensus price target of $11.00.

LXP Industrial Trust Trading Up 0.1 %

NYSE LXP traded up $0.01 on Monday, hitting $7.98. 4,171,741 shares of the stock were exchanged, compared to its average volume of 2,220,056. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.16 and a current ratio of 0.16. LXP Industrial Trust has a 52-week low of $6.85 and a 52-week high of $10.57. The firm has a market capitalization of $2.36 billion, a P/E ratio of 61.39 and a beta of 1.02. The stock has a fifty day moving average price of $8.32 and a two-hundred day moving average price of $8.62.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.16. LXP Industrial Trust had a return on equity of 2.15% and a net margin of 12.40%. The business had revenue of $87.89 million for the quarter, compared to the consensus estimate of $84.72 million. During the same quarter in the prior year, the company earned $0.16 EPS. The business's revenue was up 3.0% compared to the same quarter last year. Research analysts forecast that LXP Industrial Trust will post 0.63 EPS for the current fiscal year.

Institutional Trading of LXP Industrial Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in LXP. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of LXP Industrial Trust by 5.9% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 204,594 shares of the real estate investment trust's stock worth $1,770,000 after acquiring an additional 11,484 shares during the period. Cetera Investment Advisers lifted its position in shares of LXP Industrial Trust by 4.7% in the first quarter. Cetera Investment Advisers now owns 31,486 shares of the real estate investment trust's stock valued at $272,000 after acquiring an additional 1,420 shares in the last quarter. AE Wealth Management LLC raised its position in shares of LXP Industrial Trust by 7.0% in the first quarter. AE Wealth Management LLC now owns 247,904 shares of the real estate investment trust's stock valued at $2,144,000 after buying an additional 16,176 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in LXP Industrial Trust in the 1st quarter valued at $1,982,000. Finally, Choreo LLC lifted its holdings in shares of LXP Industrial Trust by 118.2% during the 1st quarter. Choreo LLC now owns 26,517 shares of the real estate investment trust's stock worth $233,000 after acquiring an additional 14,366 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 publicly traded real estate investment trust (REIT) focused on single-tenant industrial real estate investments across the United States. LXP seeks to expand its industrial portfolio through acquisitions, build-to-suit transactions, sale-leaseback transactions, development projects and other transactions.