LXP Industrial Trust (LXP) – What Are Analysts Thinking About This Stock?

Shares of LXP Industrial Trust (NYSE:LXP) have been given a consensus rating of “Hold” by the eight brokerages that are presently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $57.40.

A number of brokerages have recently issued reports on LXP. Jefferies Financial Group cut shares of LXP Industrial Trust from a “buy” rating to a “hold” rating and cut their price objective for the company from $62.00 to $61.00 in a research note on Thursday, August 6th. Citizens Jmp downgraded shares of LXP Industrial Trust from a “market outperform” rating to a “hold” rating in a research note on Tuesday, July 21st. Citigroup restated an “outperform” rating on shares of LXP Industrial Trust in a research report on Thursday, July 16th. BMO Capital Markets assumed coverage on LXP Industrial Trust in a research note on Thursday, July 9th. They set an “outperform” rating and a $65.00 price objective on the stock. Finally, Wall Street Zen downgraded LXP Industrial Trust from a “hold” rating to a “sell” rating in a report on Sunday, July 12th.

Hedge Funds Weigh In On LXP Industrial Trust

A number of large investors have recently bought and sold shares of LXP. Integrated Wealth Concepts LLC bought a new position in shares of LXP Industrial Trust in the second quarter worth approximately $46,000. Farther Finance Advisors LLC increased its position in shares of LXP Industrial Trust by 141.9% in the third quarter. Farther Finance Advisors LLC now owns 1,132 shares of the real estate investment trust’s stock valued at $69,000 after acquiring an additional 664 shares during the period. Allworth Financial LP purchased a new position in shares of LXP Industrial Trust in the second quarter valued at about $78,000. Summit Securities Group LLC bought a new position in shares of LXP Industrial Trust during the first quarter valued at about $83,000. Finally, GAMMA Investing LLC raised its stake in shares of LXP Industrial Trust by 25.7% during the third quarter. GAMMA Investing LLC now owns 1,881 shares of the real estate investment trust’s stock valued at $115,000 after acquiring an additional 385 shares during the last quarter. 93.52% of the stock is owned by hedge funds and other institutional investors.

LXP Industrial Trust Stock Performance

Shares of LXP Industrial Trust stock opened at $61.08 on Tuesday. LXP Industrial Trust has a fifty-two week low of $44.17 and a fifty-two week high of $61.61. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.10 and a quick ratio of 0.10. The firm has a market capitalization of $3.60 billion, a P/E ratio of 61.08 and a beta of 1.02. The company’s 50 day moving average price is $60.87 and its two-hundred day moving average price is $56.19.

LXP Industrial Trust (NYSE:LXP) last issued its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $0.84 EPS for the quarter, topping the consensus estimate of $0.83 by $0.01. LXP Industrial Trust had a return on equity of 3.37% and a net margin of 18.66%. The company had revenue of $88.11 million during the quarter, compared to analyst estimates of $85.37 million. During the same quarter in the previous year, the firm earned $0.16 earnings per share. LXP Industrial Trust’s revenue was up .4% on a year-over-year basis. On average, equities analysts forecast that LXP Industrial Trust will post 3.34 earnings per share for the current fiscal year.

About LXP Industrial Trust

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.