LXP Industrial Trust’s (LXP) Market Perform Rating Reiterated at JMP Securities

JMP Securities restated their market perform rating on shares of LXP Industrial Trust (NYSE:LXP) in a report issued on Friday,Benzinga reports.

LXP Industrial Trust Stock Performance

Shares of LXP stock opened at $8.49 on Friday. The company has a market capitalization of $2.50 billion, a P/E ratio of 141.46 and a beta of 0.89. The business’s 50 day moving average is $8.36 and its two-hundred day moving average is $9.26. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.21. LXP Industrial Trust has a 12-month low of $7.65 and a 12-month high of $10.56.

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

Hedge Funds Weigh In On LXP Industrial Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in shares of LXP Industrial Trust by 81.1% in the third 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 last quarter. Sterling Capital Management LLC increased its holdings in shares of LXP Industrial Trust by 805.0% in the fourth 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 last quarter. Wealthfront Advisers LLC acquired a new stake in shares of LXP Industrial Trust in the fourth quarter valued at approximately $80,000. Townsquare Capital LLC acquired a new stake in shares of LXP Industrial Trust in the fourth quarter valued at approximately $82,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of LXP Industrial Trust in the fourth quarter valued at approximately $83,000. Hedge funds and other institutional investors own 93.52% of the company’s stock.

About LXP Industrial Trust

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.