LXP Industrial Trust (NYSE:LXP – Get Free Report) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Wednesday.
LXP Industrial Trust Trading Down 0.7 %
Shares of NYSE:LXP opened at $8.47 on Wednesday. The company has a market capitalization of $2.49 billion, a P/E ratio of 105.89 and a beta of 0.80. LXP Industrial Trust has a 1 year low of $7.75 and a 1 year high of $10.75. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.29 and a quick ratio of 0.29. The business’s 50 day simple moving average is $8.87 and its 200 day simple moving average is $8.92.
LXP Industrial Trust (NYSE:LXP – Get Free Report) last issued its 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 during the quarter, compared to analyst estimates of $83.74 million. LXP Industrial Trust had a net margin of 8.92% and a return on equity of 1.37%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.17 EPS. On average, research analysts anticipate that LXP Industrial Trust will post 0.63 EPS for the current fiscal year.
Hedge Funds Weigh In On LXP Industrial Trust
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.
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