StockNews.com Downgrades LXP Industrial Trust (NYSE:LXP) to Sell

LXP Industrial Trust (NYSE:LXP - Get Free Report) was downgraded by stock analysts at StockNews.com from a "hold" rating to a "sell" rating in a research note issued on Tuesday.

Separately, KeyCorp dropped their price objective on shares of LXP Industrial Trust from $12.00 to $11.00 and set an "overweight" rating on the stock in a research note on Wednesday, December 13th.

LXP Industrial Trust Trading Up 2.4 %

LXP traded up $0.21 during midday trading on Tuesday, hitting $9.32. The company's stock had a trading volume of 3,259,667 shares, compared to its average volume of 2,327,045. LXP Industrial Trust has a 52-week low of $7.75 and a 52-week high of $10.75. The firm has a 50-day moving average price of $8.89 and a two-hundred day moving average price of $8.93. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. The firm has a market cap of $2.74 billion, a P/E ratio of 116.44 and a beta of 0.80.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last posted its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.13). The firm had revenue of $83.00 million for the quarter, compared to analysts' expectations of $83.74 million. LXP Industrial Trust had a net margin of 8.92% and a return on equity of 1.37%. LXP Industrial Trust's revenue was up 2.3% on a year-over-year basis. During the same period last year, the firm posted $0.17 EPS. On average, research analysts anticipate that LXP Industrial Trust will post 0.64 earnings per share for the current year.

Hedge Funds Weigh In On LXP Industrial Trust

Hedge funds have recently added to or reduced their stakes in the business. CWM LLC raised its position in shares of LXP Industrial Trust by 65.1% during the 4th quarter. CWM LLC now owns 3,298 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 1,300 shares during the period. LFA Lugano Financial Advisors SA bought a new position in LXP Industrial Trust during the 3rd quarter worth $57,000. First Trust Direct Indexing L.P. acquired a new stake in LXP Industrial Trust in the third quarter worth $90,000. Sherbrooke Park Advisers LLC bought a new stake in LXP Industrial Trust in the third quarter valued at $90,000. Finally, Quadrant Capital Group LLC boosted its holdings in shares of LXP Industrial Trust by 84.0% during the fourth quarter. Quadrant Capital Group LLC now owns 9,211 shares of the real estate investment trust's stock valued at $91,000 after acquiring an additional 4,206 shares during the period. 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.

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