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

JMP Securities reissued their market perform rating on shares of LXP Industrial Trust (NYSE:LXP) in a research note released on Friday morning,Benzinga reports.

LXP Industrial Trust Trading Down 0.7 %

Shares of LXP opened at $8.49 on Friday. 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 business’s 50-day moving average price is $8.37 and its 200-day moving average price is $9.28. The stock has a market cap of $2.50 billion, a PE ratio of 141.46 and a beta of 0.89. LXP Industrial Trust has a twelve month low of $7.65 and a twelve month high of $10.56.

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 for the quarter, topping the consensus estimate of ($0.02) by $0.18. 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 EPS for the current fiscal year.

Institutional Trading of LXP Industrial Trust

Several hedge funds and other institutional investors have recently bought and sold shares of LXP. GAMMA Investing LLC boosted its stake in 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 worth $34,000 after buying an additional 1,532 shares in the last quarter. Sterling Capital Management LLC boosted its stake in 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 worth $74,000 after buying an additional 8,147 shares in the last quarter. Wealthfront Advisers LLC purchased a new stake in LXP Industrial Trust in the fourth quarter worth approximately $80,000. Townsquare Capital LLC purchased a new stake in LXP Industrial Trust in the fourth quarter worth approximately $82,000. Finally, Proficio Capital Partners LLC purchased a new stake in LXP Industrial Trust in the fourth quarter worth 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.