LXP Industrial Trust (NYSE:LXP) Stock Rating Upgraded by StockNews.com

LXP Industrial Trust (NYSE:LXP) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Thursday.

LXP Industrial Trust Price Performance

LXP opened at $8.49 on Thursday. The stock has a fifty day moving average of $8.83 and a 200-day moving average of $8.92. The firm has a market capitalization of $2.50 billion, a P/E ratio of 106.08 and a beta of 0.80. LXP Industrial Trust has a 12-month low of $7.75 and a 12-month high of $10.75. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.20.

LXP Industrial Trust (NYSE:LXP) last released its earnings results on Thursday, February 15th. The real estate investment trust reported $0.04 earnings per share (EPS) 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 analysts’ expectations of $83.74 million. LXP Industrial Trust had a net margin of 8.92% and a return on equity of 1.37%. LXP Industrial Trust’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.17 EPS. Equities analysts forecast that LXP Industrial Trust will post 0.64 EPS for the current fiscal year.

Institutional Trading of LXP Industrial Trust

Several hedge funds and other institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in shares of LXP Industrial Trust by 4.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,803,218 shares of the real estate investment trust’s stock worth $47,648,000 after acquiring an additional 199,736 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of LXP Industrial Trust by 0.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,140,607 shares of the real estate investment trust’s stock worth $41,075,000 after acquiring an additional 22,956 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of LXP Industrial Trust by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,114,469 shares of the real estate investment trust’s stock worth $40,816,000 after acquiring an additional 22,001 shares in the last quarter. Waterfront Capital Partners LLC raised its holdings in shares of LXP Industrial Trust by 105.0% during the fourth quarter. Waterfront Capital Partners LLC now owns 3,485,803 shares of the real estate investment trust’s stock worth $34,579,000 after acquiring an additional 1,785,803 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of LXP Industrial Trust during the fourth quarter worth $31,529,000. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

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.