LXP Industrial Trust (NYSE:LXP) Given Market Perform Rating at JMP Securities

LXP Industrial Trust (NYSE:LXP)‘s stock had its “market perform” rating reaffirmed by research analysts at JMP Securities in a report released on Friday,Benzinga reports.

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

LXP Industrial Trust Trading Down 2.0 %

NYSE LXP opened at $8.22 on Friday. LXP Industrial Trust has a 52 week low of $8.20 and a 52 week high of $10.56. The stock has a market cap of $2.42 billion, a P/E ratio of 137.02 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 company’s fifty day simple moving average is $9.35 and its 200-day simple moving average is $9.58.

Hedge Funds Weigh In On LXP Industrial Trust

Hedge funds have recently added to or reduced their stakes in the business. William Blair Investment Management LLC acquired a new position in LXP Industrial Trust in the second quarter valued at approximately $36,683,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in LXP Industrial Trust by 340.6% during the 3rd 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 buying an additional 1,710,867 shares during the last quarter. Millennium Management LLC lifted its stake in LXP Industrial Trust by 173.9% in the second quarter. Millennium Management LLC now owns 1,861,986 shares of the real estate investment trust’s stock valued at $16,981,000 after buying an additional 1,182,258 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of LXP Industrial Trust by 106.5% during the second quarter. Marshall Wace LLP now owns 1,047,245 shares of the real estate investment trust’s stock valued at $9,551,000 after acquiring an additional 540,045 shares during the period. Finally, Lighthouse Investment Partners LLC grew its position in shares of LXP Industrial Trust by 59.6% during the second quarter. Lighthouse Investment Partners LLC now owns 1,205,000 shares of the real estate investment trust’s stock worth $10,990,000 after acquiring an additional 450,000 shares during the last quarter. Institutional investors and hedge funds 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.