LXP Industrial Trust (NYSE:LXP) Stock Rating Lowered by Citizens Jmp

LXP Industrial Trust (NYSE:LXP) was downgraded by investment analysts at Citizens Jmp from a “market outperform” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Marketbeat.com reports.

A number of other research analysts have also weighed in on LXP. Weiss Ratings upgraded LXP Industrial Trust from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 15th. Raymond James Financial started coverage on LXP Industrial Trust in a research report on Wednesday, June 17th. They issued a “market perform” rating on the stock. Evercore set a $54.00 price objective on LXP Industrial Trust in a report on Monday, June 8th. KeyCorp reiterated a “sector weight” rating on shares of LXP Industrial Trust in a research report on Tuesday, June 9th. Finally, BMO Capital Markets assumed coverage on shares of LXP Industrial Trust in a report on Thursday, July 9th. They issued an “outperform” rating and a $65.00 target price for the company. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, LXP Industrial Trust currently has a consensus rating of “Hold” and a consensus target price of $55.20.

LXP Industrial Trust Price Performance

Shares of LXP Industrial Trust stock opened at $61.17 on Tuesday. The stock’s 50-day simple moving average is $53.92 and its 200-day simple moving average is $50.91. LXP Industrial Trust has a 52 week low of $38.20 and a 52 week high of $61.61. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of 41.33 and a beta of 1.04. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.18.

LXP Industrial Trust (NYSE:LXP) last released its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.80 earnings per share for the quarter. LXP Industrial Trust had a return on equity of 4.80% and a net margin of 27.05%.The firm had revenue of $85.95 million during the quarter, compared to analyst estimates of $81.47 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The business’s quarterly revenue was down 3.3% compared to the same quarter last year. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. As a group, analysts expect that LXP Industrial Trust will post 3.34 earnings per share for the current fiscal year.

Institutional Trading of LXP Industrial Trust

Large investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in LXP Industrial Trust by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 172,981 shares of the real estate investment trust’s stock worth $1,496,000 after buying an additional 7,577 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in LXP Industrial Trust during the 1st quarter valued at about $129,000. Goldman Sachs Group Inc. boosted its position in LXP Industrial Trust by 14.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,717,830 shares of the real estate investment trust’s stock valued at $32,159,000 after buying an additional 458,195 shares during the period. United Services Automobile Association purchased a new stake in LXP Industrial Trust in the 1st quarter valued at about $158,000. Finally, Jane Street Group LLC grew its stake in LXP Industrial Trust by 6,092.1% in the 1st quarter. Jane Street Group LLC now owns 948,134 shares of the real estate investment trust’s stock worth $8,201,000 after acquiring an additional 932,822 shares in the last quarter. 93.52% of the stock is owned by hedge funds and other institutional investors.

LXP Industrial Trust Company Profile

LXP Industrial Trust is a real estate investment trust that specializes in the ownership, acquisition and management of industrial properties across North America. The company’s portfolio consists of warehouses, distribution centers and manufacturing facilities designed to support supply-chain and logistics operations. By focusing on long-term leasing arrangements, LXP Industrial Trust aims to provide stable income streams while delivering value to tenants through modern, well-positioned industrial space.

The firm’s primary business activities include sourcing and under-writing new property investments, overseeing development and redevelopment projects, and implementing asset-management strategies to enhance the performance of its holdings.