Wall Street Zen Downgrades LXP Industrial Trust (NYSE:LXP) to Sell

LXP Industrial Trust (NYSE:LXP) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

Other equities analysts have also recently issued reports about the company. Citigroup reiterated an “outperform” rating on shares of LXP Industrial Trust in a report on Friday, February 13th. Evercore set a $51.00 price target on LXP Industrial Trust in a report on Friday, February 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of LXP Industrial Trust in a report on Friday, April 10th. Finally, JPMorgan Chase & Co. lowered their price target on LXP Industrial Trust from $50.00 to $49.00 and set a “neutral” rating for the company in a report on Thursday, March 5th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $51.88.

LXP Industrial Trust Stock Performance

NYSE LXP opened at $51.82 on Friday. The stock has a market cap of $3.05 billion, a PE ratio of 35.01 and a beta of 1.06. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.18. LXP Industrial Trust has a twelve month low of $38.20 and a twelve month high of $52.52. The stock has a fifty day simple moving average of $48.54 and a 200-day simple moving average of $48.52.

LXP Industrial Trust (NYSE:LXP) last released its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.80 earnings per share for the quarter. The business had revenue of $85.95 million during the quarter, compared to analysts’ expectations of $81.47 million. LXP Industrial Trust had a return on equity of 4.80% and a net margin of 27.05%.The company’s revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.16 EPS. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. Equities analysts anticipate that LXP Industrial Trust will post 3.31 earnings per share for the current year.

Hedge Funds Weigh In On LXP Industrial Trust

Hedge funds have recently bought and sold shares of the company. EQ Wealth Advisors LLC acquired a new position in LXP Industrial Trust during the 4th quarter worth about $34,000. IFP Advisors Inc lifted its stake in LXP Industrial Trust by 63.8% during the 4th quarter. IFP Advisors Inc now owns 837 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 326 shares in the last quarter. Summit Securities Group LLC acquired a new position in LXP Industrial Trust during the 1st quarter worth about $83,000. Caitong International Asset Management Co. Ltd acquired a new position in LXP Industrial Trust during the 3rd quarter worth about $26,000. Finally, EverSource Wealth Advisors LLC lifted its stake in LXP Industrial Trust by 101.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,481 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 1,755 shares in the last quarter. Institutional investors and hedge funds own 93.52% of the company’s stock.

About LXP Industrial Trust

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.