LXP Industrial Trust (NYSE:LXP) Raised to “Hold” at StockNews.com

LXP Industrial Trust (NYSE:LXP) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Wednesday.

LXP Industrial Trust Price Performance

LXP Industrial Trust stock opened at $7.92 on Wednesday. The company’s fifty day moving average price is $9.03 and its 200 day moving average price is $9.62. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.09 and a current ratio of 0.09. The stock has a market capitalization of $2.32 billion, a P/E ratio of 37.69, a P/E/G ratio of 4.00 and a beta of 0.79. LXP Industrial Trust has a 1 year low of $7.75 and a 1 year high of $11.92.

LXP Industrial Trust (NYSE:LXP) last issued its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.20). LXP Industrial Trust had a net margin of 19.50% and a return on equity of 2.92%. The company had revenue of $87.05 million during the quarter, compared to analysts’ expectations of $83.35 million. During the same quarter last year, the firm posted $0.17 earnings per share. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. As a group, equities research analysts anticipate that LXP Industrial Trust will post 0.69 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LXP Industrial Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LXP. Advisor Group Holdings Inc. boosted its stake in shares of LXP Industrial Trust by 81.1% during the first quarter. Advisor Group Holdings Inc. now owns 9,880 shares of the real estate investment trust’s stock valued at $198,000 after acquiring an additional 4,423 shares during the last quarter. American Century Companies Inc. purchased a new stake in shares of LXP Industrial Trust during the 1st quarter valued at about $197,000. PNC Financial Services Group Inc. raised its holdings in shares of LXP Industrial Trust by 4.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 34,813 shares of the real estate investment trust’s stock valued at $547,000 after buying an additional 1,536 shares during the period. AlphaCrest Capital Management LLC purchased a new stake in shares of LXP Industrial Trust during the 1st quarter valued at about $354,000. Finally, Natixis Advisors L.P. grew its stake in LXP Industrial Trust by 18.6% during the 1st quarter. Natixis Advisors L.P. now owns 73,688 shares of the real estate investment trust’s stock valued at $1,157,000 after purchasing an additional 11,569 shares in the last quarter. Hedge funds and other institutional investors own 92.57% of the company’s stock.

LXP Industrial Trust Company Profile

LXP Industrial Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) focused on single-tenant industrial real estate investments across the United States. LXP seeks to expand its industrial portfolio through acquisitions, build-to-suit transactions, sale-leaseback transactions, development projects and other transactions.