JMP Securities Reaffirms Market Perform Rating for LXP Industrial Trust (NYSE:LXP)

LXP Industrial Trust (NYSE:LXP - Get Free Report)'s stock had its "market perform" rating reissued by equities research analysts at JMP Securities in a report released on Monday,Benzinga reports.

Separately, KeyCorp decreased their price objective on 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, LXP Industrial Trust has an average rating of "Moderate Buy" and a consensus price target of $11.00.

LXP Industrial Trust Stock Up 1.6 %

Shares of NYSE:LXP traded up $0.13 during mid-day trading on Monday, reaching $8.22. 2,490,813 shares of the stock were exchanged, compared to its average volume of 2,223,915. The company has a market cap of $2.43 billion, a P/E ratio of 63.24 and a beta of 1.02. The stock's 50 day simple moving average is $8.29 and its 200-day simple moving average is $8.60. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.21. LXP Industrial Trust has a one year low of $6.85 and a one year high of $10.57.

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

Hedge Funds Weigh In On LXP Industrial Trust

Several large investors have recently modified their holdings of LXP. Vanguard Group Inc. grew its stake in LXP Industrial Trust by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 46,064,359 shares of the real estate investment trust's stock valued at $398,457,000 after buying an additional 214,696 shares during the last quarter. Aew Capital Management L P grew its position in shares of LXP Industrial Trust by 72.5% in the fourth quarter. Aew Capital Management L P now owns 5,815,781 shares of the real estate investment trust's stock valued at $47,224,000 after purchasing an additional 2,445,084 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of LXP Industrial Trust by 7.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 5,738,916 shares of the real estate investment trust's stock worth $49,642,000 after purchasing an additional 407,059 shares during the period. Norges Bank acquired a new stake in LXP Industrial Trust during the 4th quarter worth approximately $40,114,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in LXP Industrial Trust by 55.9% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,836,743 shares of the real estate investment trust's stock worth $41,838,000 after purchasing an additional 1,733,329 shares during the last quarter. 93.52% of the stock is owned by institutional investors.

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.