LXP Industrial Trust (NYSE:LXP – Get Free Report) had its price target hoisted by analysts at Evercore ISI from $10.00 to $11.00 in a report issued on Monday, Benzinga reports. The brokerage presently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s price objective indicates a potential upside of 8.48% from the stock’s previous close.
Several other brokerages have also commented on LXP. BNP Paribas initiated coverage on shares of LXP Industrial Trust in a research report on Tuesday, June 4th. They issued an “outperform” rating and a $11.00 price objective on the stock. Jefferies Financial Group lifted their price objective on LXP Industrial Trust from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, June 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, LXP Industrial Trust presently has an average rating of “Hold” and an average target price of $11.25.
Get Our Latest Analysis on LXP Industrial Trust
LXP Industrial Trust Stock Performance
Institutional Investors Weigh In On LXP Industrial Trust
A number of institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC increased its stake in LXP Industrial Trust by 294.3% in the 2nd quarter. SG Americas Securities LLC now owns 153,093 shares of the real estate investment trust’s stock worth $1,396,000 after acquiring an additional 114,269 shares during the last quarter. Centersquare Investment Management LLC raised its stake in LXP Industrial Trust by 38.6% in the first quarter. Centersquare Investment Management LLC now owns 282,510 shares of the real estate investment trust’s stock valued at $2,359,000 after purchasing an additional 78,610 shares in the last quarter. Norges Bank bought a new stake in LXP Industrial Trust during the fourth quarter valued at approximately $31,529,000. UniSuper Management Pty Ltd lifted its position in LXP Industrial Trust by 127.6% during the first quarter. UniSuper Management Pty Ltd now owns 185,708 shares of the real estate investment trust’s stock valued at $1,675,000 after purchasing an additional 104,108 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado increased its holdings in shares of LXP Industrial Trust by 4,618.9% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 1,443,977 shares of the real estate investment trust’s stock worth $14,324,000 after buying an additional 1,413,377 shares during the last quarter. Hedge funds and other 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.
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