LXP Industrial Trust (NYSE:LXP) Earns “Market Perform” Rating from JMP Securities

LXP Industrial Trust (NYSE:LXP)‘s stock had its “market perform” rating restated by JMP Securities in a note issued to investors on Friday,Benzinga reports.

LXP Industrial Trust Price Performance

NYSE:LXP traded down $0.02 during trading hours on Friday, reaching $8.54. 299,903 shares of the company traded hands, compared to its average volume of 2,112,150. The firm’s 50-day moving average is $8.37 and its 200-day moving average is $9.28. The stock has a market cap of $2.51 billion, a P/E ratio of 142.11 and a beta of 0.89. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.12 and a quick ratio of 0.12. LXP Industrial Trust has a 1-year low of $7.65 and a 1-year high of $10.56.

LXP Industrial Trust (NYSE:LXP) last posted its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.18. LXP Industrial Trust had a return on equity of 1.24% and a net margin of 7.64%. Equities research analysts expect that LXP Industrial Trust will post 0.63 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LXP Industrial Trust

Several hedge funds have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in LXP Industrial Trust by 340.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,213,117 shares of the real estate investment trust’s stock valued at $22,242,000 after purchasing an additional 1,710,867 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its position in shares of LXP Industrial Trust by 16.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,792,408 shares of the real estate investment trust’s stock worth $28,064,000 after acquiring an additional 395,798 shares during the last quarter. Natixis Advisors LLC increased its position in shares of LXP Industrial Trust by 171.9% during the third quarter. Natixis Advisors LLC now owns 239,232 shares of the real estate investment trust’s stock worth $2,404,000 after acquiring an additional 151,253 shares during the last quarter. Jane Street Group LLC increased its position in shares of LXP Industrial Trust by 101.3% during the third quarter. Jane Street Group LLC now owns 546,430 shares of the real estate investment trust’s stock worth $5,492,000 after acquiring an additional 274,933 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of LXP Industrial Trust by 44.4% during the third quarter. BNP Paribas Financial Markets now owns 199,612 shares of the real estate investment trust’s stock worth $2,006,000 after acquiring an additional 61,387 shares during the last quarter. Institutional investors and hedge funds own 93.52% of the company’s stock.

About LXP Industrial Trust

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.