StockNews.com initiated coverage on shares of LXP Industrial Trust (NYSE:LXP – Get Rating) in a report issued on Thursday. The brokerage issued a hold rating on the real estate investment trust’s stock.
Separately, TheStreet cut shares of LXP Industrial Trust from a b- rating to a c rating in a research report on Friday, December 30th.
LXP Industrial Trust Trading Down 2.0 %
Shares of LXP traded down $0.20 during mid-day trading on Thursday, hitting $9.75. The company had a trading volume of 4,119,248 shares, compared to its average volume of 1,948,542. The business’s 50-day simple moving average is $10.91 and its 200-day simple moving average is $10.30. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.19. LXP Industrial Trust has a 1-year low of $8.81 and a 1-year high of $16.10. The stock has a market cap of $2.85 billion, a PE ratio of 25.66, a P/E/G ratio of 14.49 and a beta of 0.82.
LXP Industrial Trust Announces Dividend
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. Quadrant Capital Group LLC raised its holdings in LXP Industrial Trust by 83.1% in the third quarter. Quadrant Capital Group LLC now owns 3,118 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 1,415 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its holdings in LXP Industrial Trust by 126.3% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 6,506 shares of the real estate investment trust’s stock valued at $65,000 after buying an additional 3,631 shares during the period. EverSource Wealth Advisors LLC raised its holdings in LXP Industrial Trust by 27.8% in the third quarter. EverSource Wealth Advisors LLC now owns 9,624 shares of the real estate investment trust’s stock valued at $89,000 after buying an additional 2,094 shares during the period. Engineers Gate Manager LP purchased a new position in LXP Industrial Trust in the third quarter valued at approximately $93,000. Finally, Wolverine Trading LLC purchased a new position in LXP Industrial Trust in the third quarter valued at approximately $94,000. Hedge funds and other institutional investors own 97.53% of the company’s stock.
LXP Industrial Trust Company Profile
LXP Industrial Trust is a real estate investment trust, which engages in financing, acquisition, and ownership of portfolio of single-tenant commercial properties. It also provides investment advisory and asset management services. The company was founded by E. Robert Roskind in October 1993 and is headquartered in New York, NY.
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