LXP Industrial Trust (NYSE:LXP) Sees Strong Trading Volume - What's Next?

Key Points

• LXP Industrial Trust’s trading volume rose 61% to 1.07 million shares, while the stock changed little at approximately $61.15.
• Analyst sentiment is mixed but leans toward caution: the consensus rating is “Hold”, with three Buy ratings and five Holds, and an average price target of $57.40.
• LXP exceeded quarterly expectations, reporting $0.84 EPS versus a $0.83 consensus estimate and $88.11 million in revenue versus $85.37 million expected. Institutional investors own a substantial 93.52% of the company.

Shares of LXP Industrial Trust (NYSE:LXP - Get Free Report) saw unusually-high trading volume on Monday. 1,071,566 shares changed hands during trading, an increase of 61% from the previous session's volume of 664,314 shares. The stock last traded at $61.1450 and had previously closed at $61.10.

Wall Street Analysts Forecast Growth

LXP has been the topic of a number of research reports. Wall Street Zen cut LXP Industrial Trust from a "hold" rating to a "sell" rating in a research report on Sunday, July 12th. Jefferies Financial Group lowered shares of LXP Industrial Trust from a "buy" rating to a "hold" rating and dropped their price target for the company from $62.00 to $61.00 in a research note on Thursday, August 6th. BMO Capital Markets began coverage on LXP Industrial Trust in a research report on Thursday, July 9th. They issued an "outperform" rating and a $65.00 target price on the stock. Citizens Jmp lowered shares of LXP Industrial Trust from a "market outperform" rating to a "hold" rating in a research report on Tuesday, July 21st. Finally, Citigroup reiterated an "outperform" rating on shares of LXP Industrial Trust in a report on Thursday, July 16th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $57.40.

LXP Industrial Trust Price Performance

The stock's fifty day moving average price is $60.91 and its 200-day moving average price is $56.62. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.10 and a quick ratio of 0.10. The firm has a market cap of $3.60 billion, a price-to-earnings ratio of 61.12 and a beta of 1.02.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last issued its earnings results on Wednesday, July 29th. The real estate investment trust reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.01. LXP Industrial Trust had a return on equity of 3.37% and a net margin of 18.66%. The company had revenue of $88.11 million for the quarter, compared to analyst estimates of $85.37 million. During the same period in the prior year, the firm posted $0.16 EPS. The business's revenue was up .4% compared to the same quarter last year. Equities research analysts predict that LXP Industrial Trust will post 3.34 EPS for the current fiscal year.

Institutional Trading of LXP Industrial Trust

Hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC raised its position in shares of LXP Industrial Trust by 196.8% during the third quarter. Signaturefd LLC now owns 3,885 shares of the real estate investment trust's stock valued at $237,000 after buying an additional 2,576 shares during the last quarter. Magnus Financial Group LLC raised its position in LXP Industrial Trust by 2.5% in the third quarter. Magnus Financial Group LLC now owns 26,031 shares of the real estate investment trust's stock worth $1,586,000 after purchasing an additional 640 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in LXP Industrial Trust by 58.1% during the third quarter. Nisa Investment Advisors LLC now owns 6,128 shares of the real estate investment trust's stock valued at $373,000 after purchasing an additional 2,251 shares in the last quarter. Robeco Institutional Asset Management B.V. bought a new stake in shares of LXP Industrial Trust in the 3rd quarter valued at approximately $10,715,000. Finally, GAMMA Investing LLC raised its holdings in shares of LXP Industrial Trust by 25.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,881 shares of the real estate investment trust's stock worth $115,000 after buying an additional 385 shares in the last quarter. Institutional investors own 93.52% of the company's stock.

About LXP Industrial Trust

LXP Industrial Trust NYSE: LXP is a self-managed real estate investment trust focused on owning and managing industrial properties in the United States. The company primarily invests in single-tenant, long-term leased facilities, including distribution centers, logistics properties, and manufacturing buildings.

LXP's portfolio serves tenants involved in logistics, supply chain management, manufacturing, and other industrial activities. Its properties are located across several U.S. markets, with an emphasis on areas supported by population growth, transportation infrastructure, and expanding industrial demand.

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