Jefferies Financial Group Raises Price Target for LXP Industrial Trust (NYSE:LXP)

Jefferies Financial Group Raises Price Target for LXP Industrial Trust to $12.00

In an exciting development for investors, Jefferies Financial Group has increased its price target for LXP Industrial Trust from $11.00 to $12.00. This upgrade comes with a buy rating on the real estate investment trust’s stock, indicating confidence in its potential for growth.

This news follows other positive reports on LXP Industrial Trust, including an outperform rating and a $11.00 target price from BNP Paribas. However, StockNews.com recently downgraded the stock from a hold to a sell rating on May 3rd.

In terms of performance, LXP Industrial Trust’s shares traded slightly lower at $8.68 on Friday. Despite this, the company has a market cap of $2.55 billion and a solid track record. Additionally, the firm recently announced a quarterly dividend, further enhancing its appeal to investors.

Institutional investors and hedge funds have also shown interest in LXP Industrial Trust, with several making changes to their positions in the company. This includes notable increases in holdings by firms like Inspire Investing LLC and CWM LLC.

Overall, LXP Industrial Trust, a publicly traded real estate investment trust focused on single-tenant industrial real estate investments in the US, continues to attract attention from analysts and investors alike. With a positive outlook and strong performance indicators, the company is poised for further growth in the market.