JMP Securities Reaffirms Market Perform Rating for LXP Industrial Trust (NYSE:LXP)

LXP Industrial Trust (NYSE:LXPGet Free Report)‘s stock had its “market perform” rating restated by equities researchers at JMP Securities in a report issued on Friday,Benzinga reports.

Separately, Evercore ISI boosted their price target on shares of LXP Industrial Trust from $10.00 to $11.00 and gave the company an “in-line” rating in a report on Monday, September 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $11.33.

Check Out Our Latest Research Report on LXP

LXP Industrial Trust Trading Up 1.2 %

Shares of NYSE LXP opened at $8.32 on Friday. LXP Industrial Trust has a 12-month low of $8.08 and a 12-month high of $10.56. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 138.69 and a beta of 0.86. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.21. The stock’s 50 day simple moving average is $9.32 and its 200 day simple moving average is $9.59.

Institutional Trading of LXP Industrial Trust

Several hedge funds have recently added to or reduced their stakes in LXP. Blue Trust Inc. increased its holdings in shares of LXP Industrial Trust by 1,596.2% during the second quarter. Blue Trust Inc. now owns 3,138 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 2,953 shares during the period. Louisiana State Employees Retirement System raised its position in shares of LXP Industrial Trust by 2.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 148,100 shares of the real estate investment trust’s stock worth $1,351,000 after buying an additional 3,200 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of LXP Industrial Trust by 2.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,102,610 shares of the real estate investment trust’s stock worth $28,296,000 after buying an additional 65,202 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of LXP Industrial Trust by 2.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 132,891 shares of the real estate investment trust’s stock worth $1,212,000 after acquiring an additional 3,114 shares during the period. Finally, Panagora Asset Management Inc. bought a new position in shares of LXP Industrial Trust in the second quarter valued at approximately $1,132,000. Institutional investors own 93.52% of the company’s stock.

About LXP Industrial Trust

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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.

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