LXP Industrial Trust (NYSE:LXP) Now Covered by Wolfe Research

Key Points

• Wolfe Research has initiated coverage on LXP Industrial Trust with an "outperform" rating and a target price of $10.00, suggesting a potential upside of 16.75% from the stock's previous close.
• The company recently reported $0.16 EPS for the last quarter, matching analysts' expectations, while quarterly revenue rose 2.2% year-over-year.
• Institutional investors hold a significant stake in LXP, owning 93.52% of the company's stock, with several large investors increasing their positions recently.

Research analysts at Wolfe Research assumed coverage on shares of LXP Industrial Trust (NYSE:LXP - Get Free Report) in a research report issued to clients and investors on Friday,Briefing.com Automated Import reports. The firm set an "outperform" rating and a $10.00 price target on the real estate investment trust's stock. Wolfe Research's price objective indicates a potential upside of 16.75% from the stock's previous close.

Several other analysts have also recently commented on LXP. JMP Securities reaffirmed a "market perform" rating on shares of LXP Industrial Trust in a research report on Monday, May 5th. KeyCorp decreased their target price on LXP Industrial Trust from $11.00 to $10.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $10.33.

LXP Industrial Trust Stock Performance

Shares of NYSE LXP opened at $8.5650 on Friday. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 30.59 and a beta of 1.01. The stock's fifty day simple moving average is $8.31 and its 200 day simple moving average is $8.37. LXP Industrial Trust has a 52-week low of $6.85 and a 52-week high of $10.44.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last issued its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.16. The business had revenue of $86.74 million for the quarter, compared to analysts' expectations of $87.25 million. LXP Industrial Trust had a return on equity of 4.34% and a net margin of 24.07%.The company's quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.16 EPS. LXP Industrial Trust has set its FY 2025 guidance at 0.620-0.640 EPS. As a group, sell-side analysts forecast that LXP Industrial Trust will post 0.63 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LXP Industrial Trust

Several large investors have recently made changes to their positions in LXP. GAMMA Investing LLC grew its position in LXP Industrial Trust by 50.4% during the 2nd quarter. GAMMA Investing LLC now owns 3,866 shares of the real estate investment trust's stock worth $32,000 after acquiring an additional 1,296 shares during the last quarter. Cetera Investment Advisers grew its position in LXP Industrial Trust by 4.7% during the 1st quarter. Cetera Investment Advisers now owns 31,486 shares of the real estate investment trust's stock worth $272,000 after acquiring an additional 1,420 shares during the last quarter. California State Teachers Retirement System grew its position in LXP Industrial Trust by 0.5% during the 2nd quarter. California State Teachers Retirement System now owns 271,954 shares of the real estate investment trust's stock worth $2,246,000 after acquiring an additional 1,474 shares during the last quarter. PNC Financial Services Group Inc. grew its position in LXP Industrial Trust by 3.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 47,880 shares of the real estate investment trust's stock worth $414,000 after acquiring an additional 1,574 shares during the last quarter. Finally, Virtus Investment Advisers LLC grew its position in LXP Industrial Trust by 8.9% during the 2nd quarter. Virtus Investment Advisers LLC now owns 19,629 shares of the real estate investment trust's stock worth $162,000 after acquiring an additional 1,612 shares during the last quarter. Institutional investors own 93.52% of the company's stock.

LXP Industrial Trust Company Profile

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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