LXP Industrial Trust (NYSE:LXP – Get Rating) was downgraded by equities researchers at TheStreet from a “b” rating to a “c+” rating in a research report issued on Thursday, TheStreetRatingsTable reports.
LXP has been the subject of several other reports. Bank of America initiated coverage on LXP Industrial Trust in a research note on Monday, April 18th. They issued an “underperform” rating and a $14.00 target price for the company. StockNews.com assumed coverage on shares of LXP Industrial Trust in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Zacks Investment Research raised shares of LXP Industrial Trust from a “sell” rating to a “hold” rating in a research report on Friday, March 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $15.40.
Shares of LXP Industrial Trust stock opened at $11.67 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.22 and a quick ratio of 0.22. LXP Industrial Trust has a 1 year low of $11.56 and a 1 year high of $16.10. The company has a market capitalization of $3.36 billion, a P/E ratio of 9.64, a P/E/G ratio of 8.75 and a beta of 0.74. The business has a 50 day moving average price of $14.48 and a 200 day moving average price of $14.78.
Institutional investors and hedge funds have recently modified their holdings of the stock. CWM LLC acquired a new stake in LXP Industrial Trust during the 4th quarter valued at approximately $25,000. EverSource Wealth Advisors LLC purchased a new position in shares of LXP Industrial Trust during the 4th quarter valued at approximately $27,000. HHM Wealth Advisors LLC boosted its stake in shares of LXP Industrial Trust by 47.1% during the 4th quarter. HHM Wealth Advisors LLC now owns 2,060 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 660 shares during the last quarter. USA Financial Portformulas Corp acquired a new stake in shares of LXP Industrial Trust during the fourth quarter worth approximately $36,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of LXP Industrial Trust in the first quarter worth $39,000. 98.07% of the stock is owned by hedge funds and other institutional investors.
LXP Industrial Trust Company Profile (Get Rating)
Lexington Realty Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) that owns a portfolio of real estate assets consisting primarily of equity investments in single-tenant net-leased industrial properties across the United States. Lexington seeks to expand its industrial portfolio through build-to-suit transactions, sale-leaseback transactions and other transactions, including acquisitions.
- Get a free copy of the StockNews.com research report on LXP Industrial Trust (LXP)
- Three Stocks To Ride Out A Rough Market
- MarketBeat: Week in Review 5/2 – 5/6
- AMD (NASDAQ: AMD) Shines Green In A Sea Of Red
- Expedia or Bookings Holdings: Which Stock Should You Travel With?
- Is This The Bottom For Papa John’s International?
Receive News & Ratings for LXP Industrial Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LXP Industrial Trust and related companies with MarketBeat.com's FREE daily email newsletter.