JMP Gives Neutral Rating to LXP Industrial Trust on Fair Valuation
April 19, 2023
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JMP has recently initiated coverage of LXP ($NYSE:LXP) Industrial Trust (LXP) with a Market Perform rating. This reflects their view that the stock is fairly valued in the current market. LXP is a real estate investment trust (REIT) focused on investing in industrial properties. The company has a diversified portfolio of properties spread across the United States and Europe. JMP’s rating of LXP’s stock was based on an assessment of the company’s growth prospects, financial strength, and competitive position in the market. They believe that LXP has potential to generate attractive returns from its portfolio of properties, as demand for industrial space is expected to remain strong in both the US and Europe.
Additionally, LXP has a strong financial position, with relatively low debt levels. Overall, JMP believes that LXP’s stock is fairly valued at current levels and has given it a Market Perform rating. Investors should keep an eye on the company’s performance, as any changes in the demand for industrial space or its financial position could impact the stock’s value.
Price History
On Tuesday, JMP Securities issued a neutral rating on LXP INDUSTRIAL TRUST stock which is based on their assessment that the current market price of the stock is fairly valued. The stock opened at $9.6 and closed at $9.5, down by 0.5% from the previous closing price of $9.6. JMP Securities also stated that the outlook for the stock remains uncertain until the market can get a better understanding of the impact of current economic conditions and other headwinds on the company’s future performance.
In addition to this, analysts have predicted a decline in the company’s earnings for the upcoming quarter. As such, investors should exercise caution when investing in LXP INDUSTRIAL TRUST stock due to the risks associated with it. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for LXP. More…
| Total Revenues | Net Income | Net Margin |
| 321.25 | 107.31 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for LXP. More…
| Operations | Investing | Financing |
| 194.27 | -236.92 | -93.87 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for LXP. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.05k | 1.66k | 7.74 |
Key Ratios Snapshot
Some of the financial key ratios for LXP are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 14.6% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
GoodWhale’s insights on LXP INDUSTRIAL TRUST reveals that it is a “cow” company, indicating that it has a track record of paying out consistent and sustainable dividends. As such, those investors who are looking for investments which are more secure and offer a steady income stream may find this company attractive. The health score of LXP INDUSTRIAL TRUST is 4/10, which indicates that the company may be able to weather any crisis without the risk of bankruptcy. This is due to its relatively strong cashflows and debt. However, the company may be lacking in terms of growth and profitability, which could be an area for improvement for those interested in higher returns. Nevertheless, the company is strong when it comes to asset and dividend, making it a good choice for those seeking steady income from their investments. 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
JMP initiated coverage on LXP Industrial Trust with a Market Perform rating, stating that the stock is currently fairly valued. Investment analysis indicates that the company has a strong portfolio of industrial assets and a good track record of managing and leasing that portfolio. However, JMP believes that the current market price does not reflect any potential upside, thus making investment in the company a risky proposition. Consequently, the firm recommends investors proceed with caution by avoiding too much exposure to the stock.
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