Allianz Asset Management GmbH Boosts Position in LXP Industrial Trust $LXP

Allianz Asset Management GmbH boosted its holdings in LXP Industrial Trust (NYSE:LXP) by 144.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,008,049 shares of the real estate investment trust’s stock after purchasing an additional 596,457 shares during the quarter. Allianz Asset Management GmbH owned about 0.34% of LXP Industrial Trust worth $9,032,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Lasalle Investment Management Securities LLC grew its position in shares of LXP Industrial Trust by 44.4% in the 2nd quarter. Lasalle Investment Management Securities LLC now owns 9,177,887 shares of the real estate investment trust’s stock valued at $75,809,000 after buying an additional 2,822,835 shares during the last quarter. Norges Bank acquired a new position in LXP Industrial Trust in the second quarter valued at $58,163,000. Balyasny Asset Management L.P. grew its holdings in shares of LXP Industrial Trust by 269.0% during the second quarter. Balyasny Asset Management L.P. now owns 6,432,356 shares of the real estate investment trust’s stock worth $53,131,000 after purchasing an additional 4,688,972 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of LXP Industrial Trust by 6.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,797,118 shares of the real estate investment trust’s stock worth $51,942,000 after purchasing an additional 340,733 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of LXP Industrial Trust by 14.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,717,830 shares of the real estate investment trust’s stock valued at $32,159,000 after purchasing an additional 458,195 shares during the last quarter. Institutional investors and hedge funds own 93.52% of the company’s stock.

LXP Industrial Trust Stock Up 0.2%

Shares of LXP Industrial Trust stock opened at $51.65 on Monday. The company has a market cap of $3.06 billion, a P/E ratio of 27.18 and a beta of 1.10. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.26 and a current ratio of 0.26. LXP Industrial Trust has a one year low of $44.17 and a one year high of $97.90. The firm has a fifty day moving average of $49.91 and a two-hundred day moving average of $46.51.

Analysts Set New Price Targets

Several research analysts have commented on LXP shares. Weiss Ratings lowered LXP Industrial Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Citizens Jmp raised shares of LXP Industrial Trust from a “market perform” rating to an “outperform” rating and set a $57.50 target price on the stock in a report on Tuesday, October 28th. KeyCorp downgraded shares of LXP Industrial Trust from an “overweight” rating to a “sector weight” rating in a research report on Thursday, December 4th. Citigroup raised shares of LXP Industrial Trust to an “outperform” rating in a research report on Tuesday, October 28th. Finally, JMP Securities set a $57.50 price objective on shares of LXP Industrial Trust and gave the company a “market outperform” rating in a research note on Tuesday, October 28th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.00.

About LXP Industrial Trust

LXP Industrial Trust is a real estate investment trust that specializes in the ownership, acquisition and management of industrial properties across North America. The company’s portfolio consists of warehouses, distribution centers and manufacturing facilities designed to support supply-chain and logistics operations. By focusing on long-term leasing arrangements, LXP Industrial Trust aims to provide stable income streams while delivering value to tenants through modern, well-positioned industrial space.

The firm’s primary business activities include sourcing and under-writing new property investments, overseeing development and redevelopment projects, and implementing asset-management strategies to enhance the performance of its holdings.