LXP Industrial Trust (NYSE:LXP) Stock Rated “Hold” by Wall Street Brokerages

Shares of LXP Industrial Trust (NYSE:LXP) have been given a consensus recommendation of “Hold” by the eight ratings firms that are covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $57.40.

A number of analysts have recently commented on LXP shares. Wall Street Zen cut LXP Industrial Trust from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Citizens Jmp cut shares of LXP Industrial Trust from a “market outperform” rating to a “hold” rating in a report on Tuesday, July 21st. Citigroup reaffirmed an “outperform” rating on shares of LXP Industrial Trust in a report on Thursday, July 16th. Jefferies Financial Group downgraded shares of LXP Industrial Trust from a “buy” rating to a “hold” rating and dropped their target price for the stock from $62.00 to $61.00 in a report on Thursday, August 6th. Finally, Weiss Ratings upgraded LXP Industrial Trust from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday.

LXP Industrial Trust Stock Performance

NYSE:LXP opened at $61.18 on Friday. The stock has a fifty day simple moving average of $60.96 and a 200-day simple moving average of $54.74. The company has a market capitalization of $3.61 billion, a PE ratio of 31.54 and a beta of 1.02. LXP Industrial Trust has a 52-week low of $44.17 and a 52-week high of $61.61. The company has a quick ratio of 0.10, a current ratio of 0.19 and a debt-to-equity ratio of 0.18.

LXP Industrial Trust (NYSE:LXP) last posted its quarterly earnings data on Tuesday, October 27th. The real estate investment trust reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.82. LXP Industrial Trust had a return on equity of 6.29% and a net margin of 34.31%. The firm had revenue of $90.78 million for the quarter, compared to the consensus estimate of $87.10 million. On average, equities research analysts expect that LXP Industrial Trust will post 3.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LXP Industrial Trust

Several large investors have recently modified their holdings of the stock. First Trust Capital Management L.P. purchased a new position in LXP Industrial Trust in the third quarter worth about $65,565,000. Aew Capital Management Inc. acquired a new position in LXP Industrial Trust in the 3rd quarter worth $47,076,000. Maryland State Retirement & Pension System grew its holdings in shares of LXP Industrial Trust by 51.6% in the 3rd quarter. Maryland State Retirement & Pension System now owns 13,073 shares of the real estate investment trust’s stock worth $796,000 after acquiring an additional 4,452 shares during the last quarter. New York Life Investment Management LLC acquired a new position in LXP Industrial Trust in the 3rd quarter valued at approximately $4,324,000. Finally, Ethic Inc. acquired a new position in shares of LXP Industrial Trust in the 3rd quarter valued at $323,000. Hedge funds and other institutional investors own 93.52% of the company’s stock.

LXP Industrial Trust Company Profile

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.