StockNews.com Upgrades LXP Industrial Trust (NYSE:LXP) to Hold

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

LXP Industrial Trust Stock Performance

Shares of LXP stock opened at $8.82 on Wednesday. The firm has a market capitalization of $2.59 billion, a PE ratio of 110.20 and a beta of 0.80. The firm has a fifty day simple moving average of $8.88 and a two-hundred day simple moving average of $8.93. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. LXP Industrial Trust has a 12 month low of $7.75 and a 12 month high of $10.75.

LXP Industrial Trust (NYSE:LXP) last posted its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.13). The firm had revenue of $83.00 million for the quarter, compared to analysts’ expectations of $83.74 million. LXP Industrial Trust had a return on equity of 1.37% and a net margin of 8.92%. LXP Industrial Trust’s revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.17 earnings per share. Analysts forecast that LXP Industrial Trust will post 0.63 EPS for the current fiscal year.

Hedge Funds Weigh In On LXP Industrial Trust

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in LXP Industrial Trust by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 46,080,850 shares of the real estate investment trust’s stock worth $723,469,000 after acquiring an additional 1,259,719 shares during the last quarter. State Street Corp boosted its holdings in shares of LXP Industrial Trust by 4.4% in the 2nd quarter. State Street Corp now owns 18,545,934 shares of the real estate investment trust’s stock worth $183,096,000 after buying an additional 777,373 shares during the last quarter. Macquarie Group Ltd. boosted its holdings in shares of LXP Industrial Trust by 15.0% in the 1st quarter. Macquarie Group Ltd. now owns 13,741,004 shares of the real estate investment trust’s stock worth $141,669,000 after buying an additional 1,788,043 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of LXP Industrial Trust by 3.1% in the 1st quarter. Geode Capital Management LLC now owns 5,829,166 shares of the real estate investment trust’s stock worth $60,099,000 after buying an additional 174,115 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of LXP Industrial Trust by 4.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,803,218 shares of the real estate investment trust’s stock worth $47,648,000 after buying an additional 199,736 shares during the last quarter. 93.52% of the stock is owned by hedge funds and other institutional investors.

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.