LXP Industrial Trust (NYSE:LXP) Short Interest Update

LXP Industrial Trust (NYSE:LXP - Get Free Report) was the recipient of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 4,620,000 shares, a decrease of 16.9% from the January 15th total of 5,560,000 shares. Based on an average daily trading volume, of 2,050,000 shares, the short-interest ratio is currently 2.3 days.

Analyst Ratings Changes

Separately, JMP Securities restated a "market perform" rating on shares of LXP Industrial Trust in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $11.33.

LXP Industrial Trust Price Performance

Shares of LXP Industrial Trust stock traded up $0.01 during trading on Wednesday, reaching $8.55. 2,522,152 shares of the company's stock were exchanged, compared to its average volume of 2,160,958. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.16 and a current ratio of 0.16. LXP Industrial Trust has a 1-year low of $7.65 and a 1-year high of $10.56. The company has a market cap of $2.53 billion, a P/E ratio of 65.74 and a beta of 0.89. The firm's 50-day moving average price is $8.32 and its 200 day moving average price is $9.23.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last posted its earnings results on Thursday, February 13th. The real estate investment trust reported $0.16 EPS for the quarter, topping analysts' consensus estimates of ($0.02) by $0.18. The firm had revenue of $100.85 million during the quarter, compared to analysts' expectations of $84.57 million. LXP Industrial Trust had a net margin of 12.40% and a return on equity of 2.15%. As a group, research analysts anticipate that LXP Industrial Trust will post 0.63 earnings per share for the current year.

Institutional Trading of LXP Industrial Trust

Hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its stake in shares of LXP Industrial Trust by 81.1% in the 3rd quarter. GAMMA Investing LLC now owns 3,421 shares of the real estate investment trust's stock valued at $34,000 after acquiring an additional 1,532 shares during the last quarter. GF Fund Management CO. LTD. acquired a new position in LXP Industrial Trust in the 4th quarter worth about $43,000. Sterling Capital Management LLC raised its position in LXP Industrial Trust by 805.0% in the fourth quarter. Sterling Capital Management LLC now owns 9,159 shares of the real estate investment trust's stock valued at $74,000 after purchasing an additional 8,147 shares during the last quarter. Wealthfront Advisers LLC acquired a new stake in shares of LXP Industrial Trust during the fourth quarter valued at about $80,000. Finally, Townsquare Capital LLC bought a new stake in shares of LXP Industrial Trust during the fourth quarter worth about $82,000. Institutional investors and hedge funds own 93.52% of the company's stock.

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.