LXP Industrial Trust (NYSE:LXP – Get Free Report) 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 – Get Free Report) 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
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.
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