LXP Industrial Trust (NYSE:LXP) Upgraded by StockNews.com to Hold

StockNews.com upgraded shares of LXP Industrial Trust (NYSE:LXP) from a sell rating to a hold rating in a research report sent to investors on Thursday morning.

LXP Industrial Trust Stock Down 1.1 %

Shares of LXP opened at $8.45 on Thursday. The stock has a fifty day simple moving average of $8.84 and a two-hundred day simple moving average of $8.92. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $2.49 billion, a PE ratio of 105.64 and a beta of 0.80. LXP Industrial Trust has a 52-week low of $7.75 and a 52-week high of $10.75.

LXP Industrial Trust (NYSE:LXP) last issued its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.13). The business had revenue of $83.00 million for the quarter, compared to analyst estimates of $83.74 million. LXP Industrial Trust had a return on equity of 1.37% and a net margin of 8.92%. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.17 earnings per share. As a group, equities analysts forecast that LXP Industrial Trust will post 0.64 EPS for the current year.

LXP Industrial Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 6.15%. The ex-dividend date of this dividend was Wednesday, March 27th. LXP Industrial Trust’s payout ratio is 650.08%.

Hedge Funds Weigh In On LXP Industrial Trust

Several institutional investors have recently bought and sold shares of LXP. CWM LLC grew its position in LXP Industrial Trust by 65.1% in the 4th quarter. CWM LLC now owns 3,298 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 1,300 shares in the last quarter. LFA Lugano Financial Advisors SA acquired a new position in LXP Industrial Trust in the 3rd quarter valued at about $57,000. First Trust Direct Indexing L.P. acquired a new position in LXP Industrial Trust in the 3rd quarter valued at about $90,000. Sherbrooke Park Advisers LLC acquired a new position in LXP Industrial Trust in the 3rd quarter valued at about $90,000. Finally, Quadrant Capital Group LLC grew its position in LXP Industrial Trust by 84.0% in the 4th quarter. Quadrant Capital Group LLC now owns 9,211 shares of the real estate investment trust’s stock valued at $91,000 after acquiring an additional 4,206 shares in the last quarter. 93.52% of the stock is owned by institutional investors and hedge funds.

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.