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

JMP Securities reaffirmed their market perform rating on shares of LXP Industrial Trust (NYSE:LXP) in a research report sent to investors on Friday,Benzinga reports.

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

LXP Industrial Trust Price Performance

NYSE:LXP opened at $8.32 on Friday. 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 firm has a market cap of $2.45 billion, a PE ratio of 138.69 and a beta of 0.86. LXP Industrial Trust has a 12 month low of $8.08 and a 12 month high of $10.56. The company’s 50-day moving average price is $9.32 and its two-hundred day moving average price is $9.60.

LXP Industrial Trust Increases Dividend

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

Institutional Trading of LXP Industrial Trust

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

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.