LXP Industrial Trust (NYSE:LXP) Short Interest Update

LXP Industrial Trust (NYSE:LXP) was the target of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 4,620,000 shares, a decrease of 16.9% from the January 15th total of 5,560,000 shares. Based on an average daily volume of 2,050,000 shares, the days-to-cover ratio is presently 2.3 days.

Analyst Ratings Changes

Separately, JMP Securities reissued a “market perform” rating on shares of LXP Industrial Trust in a research report on Friday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $11.33.

LXP Industrial Trust Stock Performance

Shares of LXP stock opened at $8.49 on Friday. The company has a market cap of $2.50 billion, a price-to-earnings ratio of 141.46 and a beta of 0.89. LXP Industrial Trust has a 52 week low of $7.65 and a 52 week high of $10.56. 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 firm has a 50 day moving average of $8.36 and a 200-day moving average of $9.26.

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

Institutional Trading of LXP Industrial Trust

Several large investors have recently modified their holdings of the stock. GAMMA Investing LLC grew its position in 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 valued at $34,000 after purchasing an additional 1,532 shares during the period. Sterling Capital Management LLC grew its position in 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 valued at $74,000 after purchasing an additional 8,147 shares during the period. Wealthfront Advisers LLC acquired a new stake in LXP Industrial Trust in the 4th quarter valued at $80,000. Townsquare Capital LLC acquired a new stake in LXP Industrial Trust in the 4th quarter valued at $82,000. Finally, KBC Group NV grew its position in LXP Industrial Trust by 32.7% in the 3rd quarter. KBC Group NV now owns 10,170 shares of the real estate investment trust’s stock valued at $102,000 after purchasing an additional 2,504 shares during the period. 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.