Evercore ISI Analysts Give LXP Industrial Trust (NYSE:LXP) a $13.00 Price Target

Evercore ISI set a $13.00 target price on LXP Industrial Trust (NYSE:LXP – Get Rating) in a report issued on Monday morning, Stock Target Advisor reports.

LXP has been the topic of a number of other research reports. StockNews.com downgraded LXP Industrial Trust from a hold rating to a sell rating in a research report on Tuesday, May 24th. Bank of America started coverage on LXP Industrial Trust in a research report on Monday, April 18th. They issued an underperform rating and a $14.00 target price on the stock. Finally, TheStreet downgraded LXP Industrial Trust from a b rating to a c+ rating in a research report on Thursday, May 5th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of $15.00.

LXP opened at $10.69 on Monday. The business’s 50-day moving average price is $11.69 and its two-hundred day moving average price is $13.91. LXP Industrial Trust has a 1 year low of $9.98 and a 1 year high of $16.10. The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of 8.61, a P/E/G ratio of 9.65 and a beta of 0.75. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.10 and a quick ratio of 0.10.

LXP Industrial Trust (NYSE:LXP – Get Rating) last released its earnings results on Thursday, May 5th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The business had revenue of $80.30 million for the quarter, compared to the consensus estimate of $80.69 million. LXP Industrial Trust had a return on equity of 16.80% and a net margin of 106.18%. LXP Industrial Trust’s quarterly revenue was down 13.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.22 earnings per share. Sell-side analysts anticipate that LXP Industrial Trust will post 0.62 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date of this dividend is Wednesday, June 29th. LXP Industrial Trust’s payout ratio is currently 39.67%.

In other news, Director Lawrence L. Gray acquired 4,370 shares of LXP Industrial Trust stock in a transaction dated Monday, May 9th. The stock was bought at an average price of $11.50 per share, for a total transaction of $50,255.00. Following the completion of the acquisition, the director now directly owns 69,609 shares in the company, valued at approximately $800,503.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard Frary acquired 10,000 shares of LXP Industrial Trust stock in a transaction dated Monday, June 13th. The shares were purchased at an average price of $10.50 per share, with a total value of $105,000.00. Following the acquisition, the director now owns 143,606 shares of the company’s stock, valued at $1,507,863. The disclosure for this purchase can be found here. Insiders have purchased 37,965 shares of company stock valued at $414,083 in the last quarter. 2.10% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the company. CWM LLC bought a new stake in shares of LXP Industrial Trust during the fourth quarter worth approximately $25,000. EverSource Wealth Advisors LLC bought a new stake in shares of LXP Industrial Trust in the fourth quarter valued at approximately $27,000. HHM Wealth Advisors LLC boosted its stake in shares of LXP Industrial Trust by 47.1% in the fourth quarter. HHM Wealth Advisors LLC now owns 2,060 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 660 shares during the period. USA Financial Portformulas Corp bought a new stake in shares of LXP Industrial Trust in the fourth quarter valued at approximately $36,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of LXP Industrial Trust in the first quarter valued at approximately $39,000. Institutional investors own 98.07% of the company’s stock.

LXP Industrial Trust Company Profile (Get Rating)

Lexington Realty Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) that owns a portfolio of real estate assets consisting primarily of equity investments in single-tenant net-leased industrial properties across the United States. Lexington seeks to expand its industrial portfolio through build-to-suit transactions, sale-leaseback transactions and other transactions, including acquisitions.

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