LXP Industrial Trust’s (LXP) Market Perform Rating Reaffirmed at JMP Securities

LXP Industrial Trust (NYSE:LXP)‘s stock had its “market perform” rating reiterated by investment 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 company an “in-line” rating in a research note on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $11.33.

LXP Industrial Trust Price Performance

Shares of NYSE:LXP opened at $8.22 on Friday. LXP Industrial Trust has a 12-month low of $8.20 and a 12-month high of $10.56. 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 company has a market cap of $2.42 billion, a P/E ratio of 137.02 and a beta of 0.86. The company’s fifty day moving average is $9.35 and its two-hundred day moving average is $9.58.

Institutional Trading of LXP Industrial Trust

Several large investors have recently modified their holdings of the company. Nomura Asset Management Co. Ltd. lifted its holdings in shares of LXP Industrial Trust by 0.3% during the third quarter. Nomura Asset Management Co. Ltd. now owns 366,100 shares of the real estate investment trust’s stock worth $3,679,000 after buying an additional 1,100 shares during the last quarter. HighTower Advisors LLC boosted its holdings in LXP Industrial Trust by 2.6% in the 3rd quarter. HighTower Advisors LLC now owns 52,755 shares of the real estate investment trust’s stock valued at $530,000 after purchasing an additional 1,333 shares during the period. GAMMA Investing LLC boosted its holdings in LXP Industrial Trust by 81.1% in the 3rd quarter. GAMMA Investing LLC now owns 3,421 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 1,532 shares during the period. Vert Asset Management LLC grew its position in LXP Industrial Trust by 1.6% in the 3rd quarter. Vert Asset Management LLC now owns 120,140 shares of the real estate investment trust’s stock worth $1,207,000 after purchasing an additional 1,874 shares during the last quarter. Finally, Arizona State Retirement System increased its holdings in shares of LXP Industrial Trust by 2.4% during the 2nd quarter. Arizona State Retirement System now owns 82,387 shares of the real estate investment trust’s stock worth $751,000 after purchasing an additional 1,964 shares during the period. 93.52% of the stock is owned by institutional investors.

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.