LXP Industrial Trust (NYSE:LXP) Stock Price Expected to Rise, Evercore ISI Analyst Says

Key Points

• Evercore ISI has raised its target price for LXP Industrial Trust from $10.00 to $11.00, indicating a potential upside of 17.71% from its previous closing value.
• Analysts currently have an average rating of "Hold" for LXP Industrial Trust, with two analysts giving a Buy rating and three assigning a Hold rating.
• The company reported $0.16 earnings per share for the last quarter, matching analyst expectations, and its revenue increased by 2.2% year-over-year to $86.74 million.

LXP Industrial Trust (NYSE:LXP - Get Free Report) had its target price increased by analysts at Evercore ISI from $10.00 to $11.00 in a report released on Monday,Benzinga reports. The brokerage currently has an "in-line" rating on the real estate investment trust's stock. Evercore ISI's price target would suggest a potential upside of 17.71% from the stock's previous close.

A number of other brokerages also recently issued reports on LXP. Weiss Ratings reissued a "hold (c)" rating on shares of LXP Industrial Trust in a research note on Saturday, September 27th. Wolfe Research assumed coverage on LXP Industrial Trust in a research note on Friday, August 22nd. They issued an "outperform" rating and a $10.00 price objective for the company. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, LXP Industrial Trust presently has an average rating of "Hold" and a consensus price target of $10.33.

LXP Industrial Trust Stock Down 0.5%

Shares of NYSE LXP opened at $9.35 on Monday. The company has a 50 day simple moving average of $8.74 and a 200 day simple moving average of $8.44. The firm has a market cap of $2.76 billion, a PE ratio of 33.39 and a beta of 1.05. LXP Industrial Trust has a 1 year low of $6.85 and a 1 year high of $9.95. 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 issued its quarterly earnings data on Wednesday, July 30th. 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 24.07% and a return on equity of 4.34%. The business had revenue of $86.74 million during the quarter, compared to analyst estimates of $87.25 million. During the same quarter last year, the business earned $0.16 EPS. The firm's quarterly revenue was up 2.2% on a year-over-year basis. LXP Industrial Trust has set its FY 2025 guidance at 0.620-0.640 EPS. On average, research analysts forecast that LXP Industrial Trust will post 0.63 EPS for the current year.

Hedge Funds Weigh In On LXP Industrial Trust

A number of large investors have recently made changes to their positions in LXP. GAMMA Investing LLC raised its position in shares of LXP Industrial Trust by 50.4% in the second quarter. GAMMA Investing LLC now owns 3,866 shares of the real estate investment trust's stock worth $32,000 after buying an additional 1,296 shares in the last quarter. Cetera Investment Advisers increased its holdings 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 worth $272,000 after buying an additional 1,420 shares during the period. California State Teachers Retirement System increased its holdings in shares of LXP Industrial Trust by 0.5% in the second quarter. California State Teachers Retirement System now owns 271,954 shares of the real estate investment trust's stock worth $2,246,000 after buying an additional 1,474 shares during the period. PNC Financial Services Group Inc. increased its holdings 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 valued at $414,000 after purchasing an additional 1,574 shares during the period. Finally, Virtus Investment Advisers LLC increased its holdings 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 valued at $162,000 after purchasing an additional 1,612 shares during the period. 93.52% of the stock is owned by institutional investors.

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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