StockNews.com Upgrades LXP Industrial Trust (NYSE:LXP) to “Hold”

LXP Industrial Trust (NYSE:LXP) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a report released on Thursday.

LXP Industrial Trust Trading Down 2.7 %

NYSE:LXP opened at $8.54 on Thursday. The company has a fifty day moving average of $8.84 and a 200 day moving average of $8.92. LXP Industrial Trust has a 52 week low of $7.75 and a 52 week high of $10.75. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $2.51 billion, a P/E ratio of 106.70 and a beta of 0.80.

LXP Industrial Trust (NYSE:LXP) last issued its quarterly earnings data 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 company 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%. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.17 earnings per share. On average, research analysts predict that LXP Industrial Trust will post 0.64 earnings per share for the current year.

Hedge Funds Weigh In On LXP Industrial Trust

A number of hedge funds have recently bought and sold shares of the company. AlphaMark Advisors LLC boosted its stake in LXP Industrial Trust by 9.5% in the 1st quarter. AlphaMark Advisors LLC now owns 30,695 shares of the real estate investment trust’s stock worth $277,000 after purchasing an additional 2,653 shares in the last quarter. Hazelview Securities Inc. bought a new position in LXP Industrial Trust in the 1st quarter worth about $12,042,000. Pensionfund Sabic boosted its stake in LXP Industrial Trust by 24.7% in the 1st quarter. Pensionfund Sabic now owns 96,000 shares of the real estate investment trust’s stock worth $866,000 after purchasing an additional 19,000 shares in the last quarter. CWM LLC boosted its stake in LXP Industrial Trust by 52.4% in the 1st quarter. CWM LLC now owns 5,026 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 1,728 shares in the last quarter. Finally, Pensionfund DSM Netherlands boosted its stake in LXP Industrial Trust by 8.2% in the 1st quarter. Pensionfund DSM Netherlands now owns 197,000 shares of the real estate investment trust’s stock worth $1,777,000 after purchasing an additional 15,000 shares in the last quarter. Institutional investors 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.