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

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

LXP Industrial Trust Stock Up 0.4 %

LXP opened at $8.49 on Thursday. 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 has a 50 day simple moving average of $8.83 and a 200-day simple moving average of $8.92. The stock 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.

LXP Industrial Trust (NYSE:LXP) last released its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.13). LXP Industrial Trust had a net margin of 8.92% and a return on equity of 1.37%. The firm had revenue of $83.00 million during the quarter, compared to analysts’ expectations of $83.74 million. During the same period in the previous year, the business earned $0.17 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities analysts anticipate that LXP Industrial Trust will post 0.64 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LXP Industrial Trust

Several hedge funds have recently bought and sold shares of the company. AlphaMark Advisors LLC increased its stake in LXP Industrial Trust by 9.5% in the 1st quarter. AlphaMark Advisors LLC now owns 30,695 shares of the real estate investment trust’s stock valued at $277,000 after purchasing an additional 2,653 shares in the last quarter. Hazelview Securities Inc. purchased a new position in LXP Industrial Trust during the first quarter worth $12,042,000. Pensionfund Sabic increased its position in LXP Industrial Trust by 24.7% during the first quarter. Pensionfund Sabic now owns 96,000 shares of the real estate investment trust’s stock worth $866,000 after buying an additional 19,000 shares in the last quarter. CWM LLC increased its position in LXP Industrial Trust by 52.4% during the first quarter. CWM LLC now owns 5,026 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 1,728 shares in the last quarter. Finally, Pensionfund DSM Netherlands increased its position in LXP Industrial Trust by 8.2% during the first quarter. Pensionfund DSM Netherlands now owns 197,000 shares of the real estate investment trust’s stock worth $1,777,000 after buying an additional 15,000 shares in the last quarter. 93.52% of the stock is 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.