LXP Industrial Trust (NYSE:LXP) Stock Has Consensus Price Target of $57.40

Shares of LXP Industrial Trust (NYSE:LXP) have been given an average recommendation of “Hold” by 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 issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $57.40.

A number of research analysts have recently commented on the company. Citigroup reiterated an “outperform” rating on shares of LXP Industrial Trust in a research note on Thursday, July 16th. Citizens Jmp lowered LXP Industrial Trust from a “market outperform” rating to a “hold” rating in a research report on Tuesday, July 21st. BMO Capital Markets initiated coverage on LXP Industrial Trust in a report on Thursday, July 9th. They issued an “outperform” rating and a $65.00 target price on the stock. Jefferies Financial Group cut LXP Industrial Trust from a “buy” rating to a “hold” rating and cut their price objective for the stock from $62.00 to $61.00 in a research report on Thursday, August 6th. Finally, Weiss Ratings upgraded LXP Industrial Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, October 12th.

Institutional Trading of LXP Industrial Trust

Institutional investors and hedge funds have recently bought and sold shares of the company. Integrated Wealth Concepts LLC bought a new stake in LXP Industrial Trust during the second quarter valued at $46,000. Farther Finance Advisors LLC lifted its position in 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 purchasing an additional 664 shares during the last quarter. 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 purchased a new position in shares of LXP Industrial Trust during the first quarter valued at approximately $83,000. Finally, GAMMA Investing LLC increased its position 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 buying an additional 385 shares during the period. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

LXP Industrial Trust Trading Up 0.1%

Shares of LXP Industrial Trust stock opened at $61.05 on Tuesday. The company has a market capitalization of $3.60 billion, a price-to-earnings ratio of 61.05 and a beta of 1.02. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.10 and a quick ratio of 0.10. LXP Industrial Trust has a 1 year low of $44.17 and a 1 year high of $61.61. The business has a fifty day simple moving average of $60.86 and a two-hundred day simple moving average of $56.02.

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

LXP Industrial Trust Company Profile

LXP Industrial Trust is a real estate investment trust (REIT) that owns and operates primarily single-tenant industrial properties in the United States. Its portfolio is focused on facilities used for manufacturing, distribution, logistics, and other industrial purposes, which are generally leased to corporate and institutional tenants under long-term agreements.

The company generates rental income through the acquisition, ownership, leasing, and management of industrial real estate. LXP has emphasized expanding its presence in major U.S.