LXP Industrial Trust (NYSE:LXP) Stock Has Average Target Price of $57.40 According to Analysts

LXP Industrial Trust (NYSE:LXP) has received a consensus rating of “Hold” from the eight brokerages that are currently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $57.40.

Several research analysts recently commented on LXP shares. Jefferies Financial Group lowered shares of LXP Industrial Trust from a “buy” rating to a “hold” rating and cut their price target for the company from $62.00 to $61.00 in a report on Thursday, August 6th. Citizens Jmp lowered LXP Industrial Trust from a “market outperform” rating to a “hold” rating in a research report on Tuesday, July 21st. Weiss Ratings upgraded LXP Industrial Trust from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, November 2nd. Finally, Citigroup reaffirmed an “outperform” rating on shares of LXP Industrial Trust in a research report on Thursday, July 16th.

LXP Industrial Trust Price Performance

LXP opened at $61.18 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.19 and a quick ratio of 0.10. The stock has a market capitalization of $3.61 billion, a price-to-earnings ratio of 31.54 and a beta of 1.02. The business has a 50-day moving average of $60.98 and a two-hundred day moving average of $54.92. LXP Industrial Trust has a 12 month low of $44.17 and a 12 month high of $61.61.

LXP Industrial Trust (NYSE:LXP) last announced its quarterly earnings data on Tuesday, October 27th. The real estate investment trust reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.82. The company had revenue of $90.78 million during the quarter, compared to analysts’ expectations of $87.10 million. LXP Industrial Trust had a net margin of 34.31% and a return on equity of 6.29%. On average, research analysts expect that LXP Industrial Trust will post 3.34 earnings per share for the current year.

Institutional Trading of LXP Industrial Trust

Several large investors have recently modified their holdings of the business. Lasalle Investment Management Securities LLC increased its holdings in LXP Industrial Trust by 6.9% in the first quarter. Lasalle Investment Management Securities LLC now owns 1,828,528 shares of the real estate investment trust’s stock valued at $84,588,000 after buying an additional 117,737 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of LXP Industrial Trust by 3.2% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,159,623 shares of the real estate investment trust’s stock worth $53,644,000 after buying an additional 36,043 shares during the last quarter. First Trust Capital Management L.P. acquired a new position in shares of LXP Industrial Trust in the 3rd quarter valued at about $65,565,000. Dimensional Fund Advisors LP boosted its holdings in shares of LXP Industrial Trust by 2.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 875,247 shares of the real estate investment trust’s stock valued at $40,489,000 after buying an additional 19,189 shares during the period. Finally, Aew Capital Management Inc. acquired a new position in shares of LXP Industrial Trust in the 3rd quarter valued at about $47,076,000. 93.52% of the stock is currently owned by institutional investors and hedge funds.

LXP Industrial Trust Company Profile

LXP Industrial Trust is a real estate investment trust focused on owning and operating single-tenant industrial properties in the United States. Its portfolio consists primarily of warehouse and distribution facilities leased to businesses for logistics, storage and related operations. The company invests in industrial properties across U.S. markets, with a focus on areas offering access to transportation networks and growing populations. Its strategy includes acquiring and developing properties, often through build-to-suit projects tailored to tenants’ needs.