LXP Industrial Trust (NYSE:LXP) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of LXP Industrial Trust (NYSE:LXP) have been given an average recommendation of “Moderate Buy” by the seven brokerages that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $54.00.

LXP has been the topic of a number of recent research reports. KeyCorp lowered shares of LXP Industrial Trust from an “overweight” rating to a “sector weight” rating in a research note on Thursday, December 4th. JMP Securities set a $57.50 target price on shares of LXP Industrial Trust and gave the stock a “market outperform” rating in a research note on Tuesday, October 28th. Weiss Ratings lowered shares of LXP Industrial Trust from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Citigroup upgraded shares of LXP Industrial Trust to an “outperform” rating in a research note on Tuesday, October 28th. Finally, Citizens Jmp raised LXP Industrial Trust from a “market perform” rating to an “outperform” rating and set a $57.50 price objective on the stock in a research report on Tuesday, October 28th.

LXP Industrial Trust Stock Down 0.6%

Shares of NYSE LXP opened at $51.26 on Thursday. The firm has a market cap of $3.03 billion, a price-to-earnings ratio of 26.98 and a beta of 1.10. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.18. LXP Industrial Trust has a 52-week low of $44.17 and a 52-week high of $97.90. The business’s 50 day moving average is $49.95 and its two-hundred day moving average is $46.59.

Institutional Investors Weigh In On LXP Industrial Trust

A number of hedge funds have recently bought and sold shares of the stock. Jefferies Financial Group Inc. acquired a new position in shares of LXP Industrial Trust during the fourth quarter worth about $351,000. Legato Capital Management LLC acquired a new position in LXP Industrial Trust during the 4th quarter worth approximately $1,076,000. Global Retirement Partners LLC purchased a new stake in shares of LXP Industrial Trust in the 4th quarter valued at approximately $273,000. IFP Advisors Inc raised its holdings in shares of LXP Industrial Trust by 63.8% in the 4th quarter. IFP Advisors Inc now owns 837 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 326 shares in the last quarter. Finally, EQ Wealth Advisors LLC purchased a new stake in shares of LXP Industrial Trust during the 4th quarter worth $34,000. 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.