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

JMP Securities restated their market perform rating on shares of LXP Industrial Trust (NYSE:LXP) in a research note published on Friday,Benzinga reports.

Separately, Evercore ISI increased their target price 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 analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, LXP Industrial Trust presently has an average rating of “Hold” and an average price target of $11.33.

LXP Industrial Trust Stock Up 1.2 %

LXP Industrial Trust stock opened at $8.32 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.12 and a quick ratio of 0.12. LXP Industrial Trust has a fifty-two week low of $8.08 and a fifty-two week high of $10.56. The firm has a fifty day moving average price of $9.32 and a two-hundred day moving average price of $9.60. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 138.69 and a beta of 0.86.

LXP Industrial Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.135 per share. This is an increase from LXP Industrial Trust’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.54 annualized dividend and a dividend yield of 6.49%. LXP Industrial Trust’s payout ratio is presently 900.00%.

Institutional Investors Weigh In On LXP Industrial Trust

Several hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. lifted its position in shares of LXP Industrial Trust by 1,596.2% in the 2nd quarter. Blue Trust Inc. now owns 3,138 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 2,953 shares during the period. GAMMA Investing LLC lifted its position in LXP Industrial Trust by 81.1% in the third quarter. GAMMA Investing LLC now owns 3,421 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 1,532 shares during the period. Sage Rhino Capital LLC bought a new position in LXP Industrial Trust in the second quarter worth $102,000. KBC Group NV boosted its stake in LXP Industrial Trust by 32.7% during the third quarter. KBC Group NV now owns 10,170 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 2,504 shares in the last quarter. Finally, Quest Partners LLC increased its holdings in LXP Industrial Trust by 8,053.5% in the 2nd quarter. Quest Partners LLC now owns 11,741 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 11,597 shares during the period. Institutional investors 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.