LXP Industrial Trust (NYSE:LXP) Earns "Hold (C)" Rating from Weiss Ratings

Key Points

• LXP Industrial Trust (NYSE:LXP) received a "Hold (C)" rating from Weiss Ratings, with a consensus rating of "Hold" and an average price target of $10.33.
• In its latest quarterly earnings, LXP reported $0.16 EPS, meeting consensus estimates, with revenues of $86.74 million.
• Institutional investors own nearly 93.52% of LXP Industrial Trust, with notable increases in holdings reported by multiple hedge funds in the second quarter.

LXP Industrial Trust (NYSE:LXP - Get Free Report)'s stock had its "hold (c)" rating reiterated by research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

A number of other research analysts have also commented on the stock. Evercore ISI boosted their price target on shares of LXP Industrial Trust from $10.00 to $11.00 and gave the company an "in-line" rating in a research report on Monday. Wolfe Research started coverage on shares of LXP Industrial Trust in a research report on Friday, August 22nd. They set an "outperform" rating and a $10.00 price target for the company. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, LXP Industrial Trust presently has a consensus rating of "Hold" and an average price target of $10.33.

LXP Industrial Trust Stock Down 0.3%

LXP opened at $9.23 on Wednesday. The company has a 50 day moving average of $8.82 and a 200 day moving average of $8.45. The company has a market cap of $2.73 billion, a PE ratio of 32.96 and a beta of 1.05. LXP Industrial Trust has a 12 month low of $6.85 and a 12 month high of $9.95. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.18.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. The company had revenue of $86.74 million during the quarter, compared to the consensus estimate of $87.25 million. LXP Industrial Trust had a net margin of 24.07% and a return on equity of 4.34%. LXP Industrial Trust's revenue for the quarter was up 2.2% on a year-over-year basis. During the same period last year, the firm earned $0.16 EPS. LXP Industrial Trust has set its FY 2025 guidance at 0.620-0.640 EPS. On average, sell-side analysts expect that LXP Industrial Trust will post 0.63 EPS for the current year.

Institutional Trading of LXP Industrial Trust

Hedge funds have recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of LXP Industrial Trust by 3,809.5% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,284 shares of the real estate investment trust's stock worth $27,000 after acquiring an additional 3,200 shares during the last quarter. EQ Wealth Advisors LLC bought a new stake in shares of LXP Industrial Trust during the 1st quarter worth $30,000. EverSource Wealth Advisors LLC lifted its holdings in shares of LXP Industrial Trust by 101.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,481 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 1,755 shares during the last quarter. Geneos Wealth Management Inc. raised its position in LXP Industrial Trust by 82.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 3,623 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 1,632 shares during the period. Finally, GAMMA Investing LLC raised its position in LXP Industrial Trust by 50.4% in the 2nd quarter. GAMMA Investing LLC now owns 3,866 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 1,296 shares during the period. 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.

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