Brokerages Set LXP Industrial Trust (NYSE:LXP) Price Target at $54.00

LXP Industrial Trust (NYSE:LXP) has been given an average recommendation of “Moderate Buy” by the seven research firms that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $54.00.

A number of brokerages have recently issued reports on LXP. Citizens Jmp upgraded shares of LXP Industrial Trust from a “market perform” rating to an “outperform” rating and set a $57.50 price target on the stock in a research report on Tuesday, October 28th. JMP Securities set a $57.50 target price on shares of LXP Industrial Trust and gave the company a “market outperform” rating in a report on Tuesday, October 28th. Weiss Ratings cut shares of LXP Industrial Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. KeyCorp lowered LXP Industrial Trust from an “overweight” rating to a “sector weight” rating in a research report on Thursday, December 4th. Finally, Citigroup upgraded LXP Industrial Trust to an “outperform” rating in a research report on Tuesday, October 28th.

LXP Industrial Trust Price Performance

Shares of LXP opened at $51.65 on Thursday. The business has a 50-day moving average of $49.91 and a 200-day moving average of $46.48. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.26 and a quick ratio of 0.26. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 27.18 and a beta of 1.10. LXP Industrial Trust has a 1 year low of $44.17 and a 1 year high of $97.90.

Institutional Trading of LXP Industrial Trust

Large investors have recently modified their holdings of the stock. AE Wealth Management LLC grew its holdings in shares of LXP Industrial Trust by 8.1% during the third quarter. AE Wealth Management LLC now owns 290,568 shares of the real estate investment trust’s stock valued at $2,603,000 after buying an additional 21,826 shares during the last quarter. AlphaQuest LLC lifted its position in LXP Industrial Trust by 109.6% in the 3rd quarter. AlphaQuest LLC now owns 232,907 shares of the real estate investment trust’s stock valued at $2,087,000 after acquiring an additional 121,790 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new position in LXP Industrial Trust during the 2nd quarter valued at about $251,000. Sequoia Financial Advisors LLC bought a new stake in LXP Industrial Trust during the 3rd quarter worth approximately $227,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of LXP Industrial Trust by 8.3% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 273,313 shares of the real estate investment trust’s stock worth $2,449,000 after purchasing an additional 20,913 shares during the last quarter. Institutional investors and hedge funds own 93.52% of the company’s stock.

LXP Industrial Trust Company Profile

LXP Industrial Trust is a real estate investment trust that specializes in the ownership, acquisition and management of industrial properties across North America. The company’s portfolio consists of warehouses, distribution centers and manufacturing facilities designed to support supply-chain and logistics operations. By focusing on long-term leasing arrangements, LXP Industrial Trust aims to provide stable income streams while delivering value to tenants through modern, well-positioned industrial space.

The firm’s primary business activities include sourcing and under-writing new property investments, overseeing development and redevelopment projects, and implementing asset-management strategies to enhance the performance of its holdings.