LXP Industrial Trust (NYSE:LXP) Earns “Market Perform” Rating from JMP Securities

LXP Industrial Trust (NYSE:LXP)‘s stock had its “market perform” rating restated by research analysts at JMP Securities in a report released on Friday,Benzinga reports.

LXP Industrial Trust Price Performance

LXP stock opened at $8.49 on Friday. LXP Industrial Trust has a 52-week low of $7.65 and a 52-week high of $10.56. The stock’s fifty day simple moving average is $8.36 and its 200-day simple moving average is $9.26. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 141.46 and a beta of 0.89.

LXP Industrial Trust (NYSE:LXP) last posted its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.18. LXP Industrial Trust had a return on equity of 1.24% and a net margin of 7.64%. The business had revenue of $100.85 million for the quarter, compared to analysts’ expectations of $84.57 million. Equities research analysts expect that LXP Industrial Trust will post 0.63 EPS for the current year.

Institutional Investors Weigh In On LXP Industrial Trust

Several hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC raised its position in shares of LXP Industrial Trust by 81.1% in the 3rd quarter. GAMMA Investing LLC now owns 3,421 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 1,532 shares during the period. Sterling Capital Management LLC raised its position in shares of LXP Industrial Trust by 805.0% in the 4th quarter. Sterling Capital Management LLC now owns 9,159 shares of the real estate investment trust’s stock worth $74,000 after buying an additional 8,147 shares during the period. Wealthfront Advisers LLC purchased a new position in shares of LXP Industrial Trust in the 4th quarter worth $80,000. Townsquare Capital LLC purchased a new position in shares of LXP Industrial Trust in the 4th quarter worth $82,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of LXP Industrial Trust in the 4th quarter worth $83,000. Institutional investors and hedge funds own 93.52% of the company’s stock.

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.