LXP Industrial Trust (NYSE:LXP) Downgraded to “Sell” at StockNews.com

LXP Industrial Trust (NYSE:LXP) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

LXP Industrial Trust Stock Performance

NYSE:LXP opened at $8.72 on Friday. The stock has a market capitalization of $2.57 billion, a P/E ratio of 218.05 and a beta of 0.82. The company has a current ratio of 0.27, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. LXP Industrial Trust has a 1 year low of $7.75 and a 1 year high of $10.75. The firm has a 50 day moving average of $8.82 and a 200-day moving average of $8.92.

LXP Industrial Trust (NYSE:LXP) last released its quarterly 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 for the quarter, compared to analyst estimates of $83.74 million. LXP Industrial Trust had a net margin of 5.52% and a return on equity of 0.86%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.17 earnings per share. As a group, sell-side analysts anticipate that LXP Industrial Trust will post 0.64 EPS for the current fiscal year.

Institutional Investors Weigh In On LXP Industrial Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Dakota Wealth Management lifted its holdings in LXP Industrial Trust by 6.3% in the third quarter. Dakota Wealth Management now owns 23,614 shares of the real estate investment trust’s stock valued at $210,000 after buying an additional 1,404 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of LXP Industrial Trust by 5.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 120,263 shares of the real estate investment trust’s stock valued at $1,070,000 after acquiring an additional 6,373 shares during the last quarter. Inspire Investing LLC lifted its stake in shares of LXP Industrial Trust by 5.3% in the 3rd quarter. Inspire Investing LLC now owns 34,403 shares of the real estate investment trust’s stock valued at $306,000 after purchasing an additional 1,718 shares during the period. First Trust Direct Indexing L.P. bought a new position in shares of LXP Industrial Trust in the 3rd quarter worth $90,000. Finally, AlphaMark Advisors LLC acquired a new stake in shares of LXP Industrial Trust during the third quarter worth $230,000. Institutional investors own 93.52% of the company’s stock.

About LXP Industrial Trust

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.