LXP Industrial Trust (NYSE:LXP) Earns Outperform Rating from Analysts at 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.

Investment analysts at Wolfe Research started coverage on shares of LXP Industrial Trust (NYSE:LXP - Get Free Report) in a research note issued to investors on Friday, Marketbeat reports. The firm set an "outperform" rating and a $10.00 price target on the real estate investment trust's stock. Wolfe Research's target price indicates a potential upside of 11.17% from the stock's current price.

Several other brokerages also recently weighed in on LXP. KeyCorp cut 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 research note on Friday, May 2nd. JMP Securities restated a "market perform" rating on shares of LXP Industrial Trust in a report on Monday, May 5th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $10.33.

LXP Industrial Trust Price Performance

Shares of NYSE LXP traded up $0.12 during trading on Friday, hitting $9.00. 2,005,541 shares of the company were exchanged, compared to its average volume of 2,942,335. The company has a market cap of $2.66 billion, a price-to-earnings ratio of 32.16 and a beta of 1.01. LXP Industrial Trust has a 1 year low of $6.85 and a 1 year high of $10.44. The firm's fifty day moving average price is $8.33 and its 200 day moving average price is $8.38. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.13 and a quick ratio of 0.13.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. The business had revenue of $86.74 million during the quarter, compared to the consensus estimate of $87.25 million. LXP Industrial Trust had a return on equity of 4.34% and a net margin of 24.07%.The business's revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $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 earnings per share for the current fiscal year.

Institutional Trading of LXP Industrial Trust

Institutional investors and hedge funds have recently bought and sold shares of the company. Orion Porfolio Solutions LLC raised its stake in LXP Industrial Trust by 5.4% during the second quarter. Orion Porfolio Solutions LLC now owns 124,146 shares of the real estate investment trust's stock valued at $1,025,000 after buying an additional 6,331 shares in the last quarter. State of Wyoming boosted its position in shares of LXP Industrial Trust by 49.2% during the 2nd quarter. State of Wyoming now owns 20,494 shares of the real estate investment trust's stock valued at $169,000 after purchasing an additional 6,756 shares in the last quarter. Geneos Wealth Management Inc. grew its position in LXP Industrial Trust by 82.0% in the second quarter. Geneos Wealth Management Inc. now owns 3,623 shares of the real estate investment trust's stock worth $30,000 after buying an additional 1,632 shares during the last quarter. Kestra Investment Management LLC grew its position in LXP Industrial Trust by 16.5% in the second quarter. Kestra Investment Management LLC now owns 69,354 shares of the real estate investment trust's stock worth $573,000 after buying an additional 9,816 shares during the last quarter. Finally, Caxton Associates LLP acquired a new stake in shares of LXP Industrial Trust during the second quarter valued at approximately $128,000. Institutional investors and hedge funds 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.