LXP Industrial Trust (NYSE:LXP - Get Free Report)'s stock had its "market perform" rating reissued by equities researchers at JMP Securities in a research report issued to clients and investors on Friday,Benzinga reports.
Separately, Evercore ISI raised their price target on LXP Industrial Trust from $10.00 to $11.00 and gave the stock an "in-line" rating in a research note on Monday, September 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, LXP Industrial Trust has an average rating of "Hold" and an average target price of $11.33.
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LXP Industrial Trust Trading Up 1.2 %
LXP traded up $0.10 during trading on Friday, hitting $8.32. 6,579,654 shares of the stock traded hands, compared to its average volume of 2,197,680. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.12 and a quick ratio of 0.12. The firm has a 50-day moving average of $9.32 and a 200 day moving average of $9.58. The firm has a market capitalization of $2.45 billion, a P/E ratio of 138.69 and a beta of 0.86. LXP Industrial Trust has a 12-month low of $8.08 and a 12-month high of $10.56.
Hedge Funds Weigh In On LXP Industrial Trust
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Nomura Asset Management Co. Ltd. boosted its position in shares of LXP Industrial Trust by 0.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 366,100 shares of the real estate investment trust's stock worth $3,679,000 after purchasing an additional 1,100 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of LXP Industrial Trust by 2.6% in the third quarter. HighTower Advisors LLC now owns 52,755 shares of the real estate investment trust's stock worth $530,000 after acquiring an additional 1,333 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of LXP Industrial Trust by 81.1% in the third quarter. GAMMA Investing LLC now owns 3,421 shares of the real estate investment trust's stock worth $34,000 after acquiring an additional 1,532 shares during the last quarter. Vert Asset Management LLC increased its holdings in shares of LXP Industrial Trust by 1.6% during the third quarter. Vert Asset Management LLC now owns 120,140 shares of the real estate investment trust's stock valued at $1,207,000 after acquiring an additional 1,874 shares in the last quarter. Finally, Arizona State Retirement System boosted its stake in LXP Industrial Trust by 2.4% in the 2nd quarter. Arizona State Retirement System now owns 82,387 shares of the real estate investment trust's stock worth $751,000 after purchasing an additional 1,964 shares in the last quarter. Institutional investors own 93.52% of the company's stock.
About LXP Industrial Trust
(
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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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