LXP Industrial Trust (NYSE:LXP – Get Rating) updated its earnings guidance for fiscal 2022 on Thursday. The company provided EPS guidance of $0.64 to $0.68 for the period. The company gave a sales forecast of -.
Analysts set new price targets
Several analysts recently rated LXP stock. Evercore ISI posted a price target of $13.00 for LXP Industrial Trust in a research note on Monday, June 20th. The Jefferies Financial Group lowered its price target on LXP Industrial Trust to $14.00 from $15.50 and issued a buy rating on the stock in a research note on Thursday, June. Bank of America began reporting on LXP Industrial Trust in a research note on Monday, April 18. They posted an underperform rating and a price target of $14.00 on the stock. TheStreet lowered LXP Industrial Trust from an “ab” rating to a c+ rating in a research note on Thursday 5 May. Finally, StockNews.com upgraded LXP Industrial Trust from a sell rating to a hold rating in a research note on Monday, July 18th. One research analyst has rated the company’s stock with a sell rating, two have given it a hold rating and three have given it a buy rating. Based on data from MarketBeat.com, the stock has an average rating of Hold and an average price target of $14.80.
LXP Industrial Trust Trading up 1.8%
Shares of LXP Industrial Trust rose $0.20 during trading hours on Thursday to hit $11.21. The stock had a trading volume of 14,638 shares compared to an average volume of 1,562,882. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt to equity ratio of 0.25. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 10.10, a price-to-earnings ratio of 9.48 and a beta of 0.72. LXP Industrial Trust has a yearly low of $9.98 and a yearly high of $16.10. The company’s 50-day simple moving average is $10.70 and its 200-day simple moving average is $12.88.
LXP Industrial Trust Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30 received a dividend of $0.12. The ex-dividend date was Wednesday June 29th. That equates to an annualized dividend of $0.48 and a yield of 4.28%. LXP Industrial Trust’s payout ratio is currently 44.04%.
Insider transactions at LXP Industrial Trust
In related news, Director Richard Frary acquired 10,000 shares of the stock in a transaction on Friday, May 20. The stock was purchased at an average price of $10.95 per share for a total transaction of $109,500.00. Upon completion of the transaction, the Director now directly owns 133,606 shares of the Company, valued at $1,462,985.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC’s website. In related news, Director Lawrence L. Gray acquired 2,260 shares of the stock in a transaction on Monday, May 23. The stock was purchased at an average price of $11.13 per share for a total transaction of $25,153.80. Upon completion of the transaction, the Director now directly owns 74,104 shares of the Company, valued at $824,777.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC’s website. In addition, Director Richard Frary acquired 10,000 shares of the stock in a transaction on Friday, May 20. The shares were purchased at an average price of $10.95 per share for a total value of $109,500.00. Upon completion of the transaction, the Director now directly owns 133,606 shares of the Company, valued at $1,462,985.70. The disclosure for this purchase can be found here. Insiders bought 31,360 shares of the company’s shares worth $338,662 over the past ninety days. 2.10% of the shares are owned by insiders.
Institutional investors rely on LXP Industrial Trust
Several major investors have recently added to or reduced their stakes in LXP. Advisor Group Holdings Inc. increased its stake in LXP Industrial Trust by 81.1% in the first quarter. Advisor Group Holdings Inc. now owns 9,880 shares of the Real Estate Investment Trust valued at $198,000 after purchasing an additional 4,423 shares during the period. American Century Companies Inc. acquired a new interest in LXP Industrial Trust valued at approximately $197,000 during the first quarter. PNC Financial Services Group Inc. increased its stake in LXP Industrial Trust by 4.6% in the first quarter. PNC Financial Services Group Inc. now owns 34,813 shares of the Real Estate Investment Trust valued at $547,000 after purchasing an additional 1,536 shares during the period. AlphaCrest Capital Management LLC acquired a new position in LXP Industrial Trust stock valued at approximately $354,000 during the first quarter. Finally, Natixis Advisors LP increased its position in shares of LXP Industrial Trust by 18.6% during the first quarter. Natixis Advisors LP now owns 73,688 shares of the Real Estate Investment Trust valued at $1,157,000 after purchasing an additional 11,569 shares last quarter. Institutional investors and hedge funds own 98.07% of the company’s shares.
LXP Industrial Trust company profile
Lexington Realty Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) that owns a portfolio of real estate assets consisting primarily of equity investments in single-tenant net lease industrial properties located in the United States. Lexington is looking to expand its industrial portfolio through build-to-suit, sale-leaseback and other transactions, including acquisitions.
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