Aew Capital Management L P boosted its holdings in shares of LXP Industrial Trust (NYSE:LXP – Free Report) by 61.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,135,734 shares of the real estate investment trust’s stock after acquiring an additional 3,465,123 shares during the period. LXP Industrial Trust accounts for approximately 4.6% of Aew Capital Management L P’s investment portfolio, making the stock its 10th biggest position. Aew Capital Management L P owned about 3.09% of LXP Industrial Trust worth $81,856,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. Princeton Capital Management LLC purchased a new stake in shares of LXP Industrial Trust in the third quarter valued at approximately $134,000. GSA Capital Partners LLP boosted its stake in LXP Industrial Trust by 46.0% during the third quarter. GSA Capital Partners LLP now owns 64,917 shares of the real estate investment trust’s stock worth $582,000 after buying an additional 20,466 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its stake in LXP Industrial Trust by 9.8% during the third quarter. State of New Jersey Common Pension Fund D now owns 248,199 shares of the real estate investment trust’s stock worth $2,224,000 after buying an additional 22,096 shares during the last quarter. Aberdeen Group plc grew its holdings in LXP Industrial Trust by 12.9% in the 3rd quarter. Aberdeen Group plc now owns 107,459 shares of the real estate investment trust’s stock valued at $970,000 after buying an additional 12,300 shares in the last quarter. Finally, Metis Global Partners LLC increased its stake in shares of LXP Industrial Trust by 36.5% in the 3rd quarter. Metis Global Partners LLC now owns 66,690 shares of the real estate investment trust’s stock worth $598,000 after acquiring an additional 17,819 shares during the last quarter. 93.52% of the stock is owned by hedge funds and other institutional investors.
LXP Industrial Trust Stock Up 0.1%
LXP Industrial Trust stock opened at $48.55 on Wednesday. The company has a market capitalization of $2.87 billion, a PE ratio of 26.83 and a beta of 1.10. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.24 and a current ratio of 0.24. LXP Industrial Trust has a fifty-two week low of $34.25 and a fifty-two week high of $52.52. The firm has a 50 day moving average price of $49.86 and a 200 day moving average price of $47.28.
Analyst Upgrades and Downgrades
LXP has been the topic of several recent research reports. Evercore set a $51.00 price target on shares of LXP Industrial Trust in a research report on Friday, February 13th. Citigroup reaffirmed an “outperform” rating on shares of LXP Industrial Trust in a research note on Friday, February 13th. KeyCorp cut shares of LXP Industrial Trust from an “overweight” rating to a “sector weight” rating in a research note on Thursday, December 4th. Weiss Ratings downgraded shares of LXP Industrial Trust from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Finally, Citizens Jmp set a $57.50 price objective on LXP Industrial Trust and gave the company a “market outperform” rating in a report on Tuesday, October 28th. Three equities 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 presently has a consensus rating of “Moderate Buy” and an average target price of $52.13.
Read Our Latest Stock Report on LXP Industrial Trust
LXP Industrial Trust Profile
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.
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