KeyBanc Capital Markets Cuts Price Target on LXP Industrial Trust Despite 0.39% Gain on Last Trading Session

🌧️Trending News

KeyBanc Capital Markets recently cut its price target on LXP ($NYSE:LXP) Industrial Trust NYSE: LXP, which closed at $10.32 per share on the last trading session. LXP Industrial Trust is a real estate investment trust focused on owning and operating industrial properties. It has a portfolio of over one million square feet of industrial space across nine states in the United States. Investors are advised to stay updated with changes in the market and other relevant news regarding the company as it may affect their investment decisions.

Analysis

At GoodWhale, we analyze the fundamentals of LXP INDUSTRIAL TRUST with our Star Chart, which provides an overall health score for the company. According to our analysis, LXP INDUSTRIAL TRUST has an intermediate health score of 4/10 with regard to its cashflows and debt, indicating that the company might be able to safely ride out any crisis without the risk of bankruptcy. Further, we can see that LXP INDUSTRIAL TRUST is strong in asset, dividend, and weak in growth, profitability. Based on this analysis, we classify LXP INDUSTRIAL TRUST as a “cow” – a type of company that has a track record of paying out consistent and sustainable dividends. We believe that this type of company may be particularly attractive to dividend-seeking investors looking for long-term stability, as well as those who are focused on the asset value of the company. Additionally, those with a shorter time horizon may also be interested in these companies due to their steady dividend payments. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for LXP. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for LXP. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for LXP. More…

Key Ratios Snapshot

Some of the financial key ratios for LXP are shown below. More…

Peers

LXP Industrial Trust’s competitors include H&R Real Estate Investment Trust, Cousins Properties Inc, First Industrial Realty Trust Inc.

– H&R Real Estate Investment Trust ($TSX:HR.UN)

H&R Real Estate Investment Trust has a market cap of $2.91 billion as of 2022. The company is a real estate investment trust that owns, operates, and develops office, retail, and residential properties. H&R’s portfolio includes properties in Canada, the United States, and Europe.

– Cousins Properties Inc ($NYSE:CUZ)

Cousins Properties is a real estate investment trust (REIT) that is engaged in the development, acquisition, and management of commercial real estate properties. The company’s portfolio includes office, retail, and mixed-use properties. As of December 31, 2020, Cousins Properties owned and operated 58 properties with a total of 18.3 million square feet of leasable space.

– First Industrial Realty Trust Inc ($NYSE:FR)

First Industrial Realty Trust, Inc. is a real estate investment trust (REIT) that owns, acquires, develops, and operates industrial properties. The company’s portfolio includes distribution warehouses, light manufacturing facilities, and other types of industrial property. As of December 31, 2020, First Industrial owned 579 properties totaling approximately 86.7 million square feet of space.

Summary

Investors in LXP Industrial Trust NYSE: LXP should be aware that KeyBanc Capital Markets has recently lowered its price target for the company’s stock. Investors should keep a close eye on the stock and reassess their investment decisions accordingly.