LXP Industrial Trust (NYSE:LXP – Get Rating) Director Lawrence L. Gray acquired 4,370 shares of LXP Industrial Trust stock in a transaction dated Monday, May 9th. The stock was bought at an average price of $11.50 per share, for a total transaction of $50,255.00. Following the completion of the transaction, the director now directly owns 69,609 shares of the company’s stock, valued at $800,503.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of NYSE:LXP opened at $11.06 on Thursday. The firm has a market capitalization of $3.18 billion, a PE ratio of 9.14, a P/E/G ratio of 8.12 and a beta of 0.74. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.10 and a quick ratio of 0.22. The business has a 50-day moving average of $14.22 and a two-hundred day moving average of $14.71. LXP Industrial Trust has a 12 month low of $10.95 and a 12 month high of $16.10.
LXP Industrial Trust (NYSE:LXP – Get Rating) last announced its quarterly earnings results on Thursday, May 5th. The real estate investment trust reported $0.03 EPS for the quarter, topping the consensus estimate of $0.01 by $0.02. The company had revenue of $80.30 million during the quarter, compared to analyst estimates of $80.69 million. LXP Industrial Trust had a return on equity of 16.80% and a net margin of 106.18%. The firm’s revenue was down 13.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.22 earnings per share. As a group, research analysts anticipate that LXP Industrial Trust will post 0.65 earnings per share for the current year.
Several hedge funds have recently bought and sold shares of LXP. CWM LLC acquired a new stake in shares of LXP Industrial Trust in the fourth quarter valued at about $25,000. EverSource Wealth Advisors LLC acquired a new stake in shares of LXP Industrial Trust in the fourth quarter valued at about $27,000. HHM Wealth Advisors LLC grew its stake in shares of LXP Industrial Trust by 47.1% in the fourth 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 in the last quarter. USA Financial Portformulas Corp acquired a new stake in shares of LXP Industrial Trust in the fourth quarter valued at about $36,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of LXP Industrial Trust in the first quarter valued at about $39,000. Institutional investors and hedge funds own 98.07% of the company’s stock.
LXP has been the topic of several recent research reports. Bank of America initiated coverage on LXP Industrial Trust in a research report on Monday, April 18th. They issued an “underperform” rating and a $14.00 price objective on the stock. TheStreet downgraded LXP Industrial Trust from a “b” rating to a “c+” rating in a research report on Thursday, May 5th. Zacks Investment Research downgraded LXP Industrial Trust from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, StockNews.com began coverage on LXP Industrial Trust in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $15.40.
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)
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