LXP Industrial Trust (NYSE:LXP) Stock Rating Lowered by StockNews.com

LXP Industrial Trust (NYSE:LXP) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Friday.

LXP Industrial Trust Stock Performance

Shares of LXP Industrial Trust stock opened at $8.72 on Friday. The firm has a market cap of $2.57 billion, a PE ratio of 218.05 and a beta of 0.82. LXP Industrial Trust has a 1 year low of $7.75 and a 1 year high of $10.75. The firm’s 50-day simple moving average is $8.82 and its 200-day simple moving average is $8.92. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.27.

LXP Industrial Trust (NYSE:LXP) 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 business had revenue of $83.00 million during the quarter, compared to the consensus estimate of $83.74 million. LXP Industrial Trust had a return on equity of 0.86% and a net margin of 5.52%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.17 earnings per share. Equities analysts forecast that LXP Industrial Trust will post 0.64 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LXP Industrial Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC increased 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 valued at $33,000 after purchasing an additional 1,300 shares during the period. Central Pacific Bank Trust Division bought a new stake in LXP Industrial Trust in the first quarter worth about $74,000. Quadrant Capital Group LLC lifted its holdings in LXP Industrial Trust by 84.0% in the 4th 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 last quarter. Sherbrooke Park Advisers LLC bought a new position in shares of LXP Industrial Trust during the 3rd quarter valued at about $90,000. Finally, First Trust Direct Indexing L.P. acquired a new position in shares of LXP Industrial Trust in the 3rd quarter worth approximately $90,000. 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.