VIRGINIA RETIREMENT SYSTEMS ET Al lessened its holdings in LXP Industrial Trust (NYSE:LXP – Free Report) by 72.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 30,430 shares of the real estate investment trust’s stock after selling 78,220 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.05% of LXP Industrial Trust worth $1,854,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Nissay Asset Management Corp Japan grew its position in LXP Industrial Trust by 1.9% during the second quarter. Nissay Asset Management Corp Japan now owns 9,247 shares of the real estate investment trust’s stock valued at $498,000 after buying an additional 173 shares during the period. Asset Management One Co. Ltd. raised its position in LXP Industrial Trust by 0.3% in the third quarter. Asset Management One Co. Ltd. now owns 83,465 shares of the real estate investment trust’s stock worth $5,085,000 after acquiring an additional 220 shares during the period. Sequoia Financial Advisors LLC raised its position in LXP Industrial Trust by 4.4% in the second quarter. Sequoia Financial Advisors LLC now owns 5,344 shares of the real estate investment trust’s stock worth $288,000 after acquiring an additional 224 shares during the period. GAMMA Investing LLC raised its position in LXP Industrial Trust by 25.7% in the third quarter. GAMMA Investing LLC now owns 1,881 shares of the real estate investment trust’s stock worth $115,000 after acquiring an additional 385 shares during the period. Finally, Choreo LLC boosted its stake in shares of LXP Industrial Trust by 11.1% during the 3rd quarter. Choreo LLC now owns 5,134 shares of the real estate investment trust’s stock worth $313,000 after acquiring an additional 512 shares during the last quarter. Institutional investors own 93.52% of the company’s stock.
LXP Industrial Trust Trading Down 0.0%
LXP Industrial Trust stock opened at $61.17 on Wednesday. The firm has a 50 day moving average of $60.95 and a 200 day moving average of $54.58. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of 31.53 and a beta of 1.02. LXP Industrial Trust has a 12-month low of $44.17 and a 12-month high of $61.61. The company has a current ratio of 0.19, a quick ratio of 0.10 and a debt-to-equity ratio of 0.18.
LXP Industrial Trust (NYSE:LXP – Get Free Report) last released its earnings results on Tuesday, October 27th. The real estate investment trust reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.82. The company had revenue of $90.78 million for the quarter, compared to analysts’ expectations of $87.10 million. LXP Industrial Trust had a net margin of 34.31% and a return on equity of 6.29%. As a group, research analysts predict that LXP Industrial Trust will post 3.34 earnings per share for the current year.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the stock. Weiss Ratings raised shares of LXP Industrial Trust from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday. Wall Street Zen lowered LXP Industrial Trust from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. Citigroup reaffirmed an “outperform” rating on shares of LXP Industrial Trust in a report on Thursday, July 16th. BMO Capital Markets started coverage on LXP Industrial Trust in a research report on Thursday, July 9th. They set an “outperform” rating and a $65.00 target price on the stock. Finally, Jefferies Financial Group downgraded LXP Industrial Trust from a “buy” rating to a “hold” rating and lowered their target price for the company from $62.00 to $61.00 in a research report on Thursday, August 6th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $57.40.
View Our Latest Research Report on LXP Industrial Trust
LXP Industrial Trust Profile
LXP Industrial Trust (NYSE:LXP) is a self-managed real estate investment trust focused on owning and managing industrial properties in the United States. The company primarily invests in single-tenant, long-term leased facilities, including distribution centers, logistics properties, and manufacturing buildings.
LXP’s portfolio serves tenants involved in logistics, supply chain management, manufacturing, and other industrial activities. Its properties are located across several U.S. markets, with an emphasis on areas supported by population growth, transportation infrastructure, and expanding industrial demand.
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