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

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

LXP Industrial Trust Stock Performance

NYSE:LXP opened at $8.49 on Friday. The firm 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 fifty-two week low of $7.65 and a fifty-two week high of $10.56. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.12 and a current ratio of 0.12. The business has a 50 day moving average price of $8.37 and a 200-day moving average price of $9.28.

LXP Industrial Trust (NYSE:LXP) last released its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.18. LXP Industrial Trust had a return on equity of 1.24% and a net margin of 7.64%. Equities research analysts predict that LXP Industrial Trust will post 0.63 earnings per share for the current year.

Institutional Trading of LXP Industrial Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LXP. Norges Bank purchased a new stake in LXP Industrial Trust in the fourth quarter worth $40,114,000. Aew Capital Management L P lifted its stake in LXP Industrial Trust by 72.5% in the fourth quarter. Aew Capital Management L P now owns 5,815,781 shares of the real estate investment trust’s stock worth $47,224,000 after acquiring an additional 2,445,084 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in LXP Industrial Trust by 340.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,213,117 shares of the real estate investment trust’s stock worth $22,242,000 after acquiring an additional 1,710,867 shares during the period. Evergreen Capital Management LLC lifted its stake in LXP Industrial Trust by 1,993.3% in the fourth quarter. Evergreen Capital Management LLC now owns 902,167 shares of the real estate investment trust’s stock worth $7,447,000 after acquiring an additional 859,069 shares during the period. Finally, Sei Investments Co. lifted its stake in LXP Industrial Trust by 113.7% in the fourth quarter. Sei Investments Co. now owns 1,555,297 shares of the real estate investment trust’s stock worth $12,629,000 after acquiring an additional 827,657 shares during the period. Hedge funds and other institutional investors 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.