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 issued on Wednesday.

LXP Industrial Trust Trading Down 0.7 %

Shares of NYSE:LXP opened at $8.47 on Wednesday. The company has a market capitalization of $2.49 billion, a P/E ratio of 105.89 and a beta of 0.80. LXP Industrial Trust has a 1 year low of $7.75 and a 1 year high of $10.75. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.29 and a quick ratio of 0.29. The business’s 50 day simple moving average is $8.87 and its 200 day simple moving average is $8.92.

LXP Industrial Trust (NYSE:LXP) last issued its earnings results on Thursday, February 15th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.13). The business had revenue of $83.00 million during the quarter, compared to analyst estimates of $83.74 million. LXP Industrial Trust had a net margin of 8.92% and a return on equity of 1.37%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.17 EPS. On average, research analysts anticipate 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 and other institutional investors have recently made changes to their positions in LXP. AlphaMark Advisors LLC boosted its holdings in LXP Industrial Trust by 9.5% in the first quarter. AlphaMark Advisors LLC now owns 30,695 shares of the real estate investment trust’s stock valued at $277,000 after acquiring an additional 2,653 shares during the last quarter. Hazelview Securities Inc. bought a new position in shares of LXP Industrial Trust during the 1st quarter worth approximately $12,042,000. Pensionfund Sabic boosted its holdings in shares of LXP Industrial Trust by 24.7% during the 1st quarter. Pensionfund Sabic now owns 96,000 shares of the real estate investment trust’s stock worth $866,000 after buying an additional 19,000 shares in the last quarter. CWM LLC boosted its holdings in shares of LXP Industrial Trust by 52.4% during the 1st quarter. CWM LLC now owns 5,026 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 1,728 shares in the last quarter. Finally, Pensionfund DSM Netherlands boosted its holdings in shares of LXP Industrial Trust by 8.2% during the 1st quarter. Pensionfund DSM Netherlands now owns 197,000 shares of the real estate investment trust’s stock worth $1,777,000 after buying an additional 15,000 shares in the last quarter. 93.52% of the stock is owned by institutional investors and hedge funds.

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.