LXP Industrial Trust $LXP Stock: VIRGINIA RETIREMENT SYSTEMS ET Al Lowers Position

VIRGINIA RETIREMENT SYSTEMS ET Al decreased its holdings in LXP Industrial Trust (NYSE:LXP) by 72.0% in the third quarter, according to the company in its most recent disclosure 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’s holdings in LXP Industrial Trust were worth $1,854,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Choreo LLC raised its stake in 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 valued at $313,000 after purchasing an additional 512 shares during the period. Moody Aldrich Partners LLC lifted its holdings in LXP Industrial Trust by 12.9% in the 3rd quarter. Moody Aldrich Partners LLC now owns 91,084 shares of the real estate investment trust’s stock worth $5,549,000 after purchasing an additional 10,429 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in LXP Industrial Trust by 0.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 83,465 shares of the real estate investment trust’s stock worth $5,085,000 after purchasing an additional 220 shares in the last quarter. Signaturefd LLC boosted its stake in LXP Industrial Trust by 196.8% in the 3rd quarter. Signaturefd LLC now owns 3,885 shares of the real estate investment trust’s stock worth $237,000 after purchasing an additional 2,576 shares during the period. Finally, Magnus Financial Group LLC boosted its stake in LXP Industrial Trust by 2.5% in the 3rd quarter. Magnus Financial Group LLC now owns 26,031 shares of the real estate investment trust’s stock worth $1,586,000 after purchasing an additional 640 shares during the period. Institutional investors own 93.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on LXP shares. Jefferies Financial Group lowered shares of LXP Industrial Trust from a “buy” rating to a “hold” rating and cut their price objective for the company from $62.00 to $61.00 in a report on Thursday, August 6th. Wall Street Zen cut shares of LXP Industrial Trust from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Citizens Jmp downgraded shares of LXP Industrial Trust from a “market outperform” rating to a “hold” rating in a report on Tuesday, July 21st. Weiss Ratings raised shares of LXP Industrial Trust from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. Finally, Citigroup restated an “outperform” rating on shares of LXP Industrial Trust in a research report on Thursday, July 16th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $57.40.

LXP Industrial Trust Stock Down 0.0%

LXP opened at $61.17 on Wednesday. The company has a market capitalization of $3.61 billion, a PE ratio of 31.53 and a beta of 1.02. The firm has a 50-day simple moving average of $60.95 and a two-hundred day simple moving average of $54.58. The company has a quick ratio of 0.10, a current ratio of 0.19 and a debt-to-equity ratio of 0.18. LXP Industrial Trust has a 52 week low of $44.17 and a 52 week high of $61.61.

LXP Industrial Trust (NYSE:LXP) last issued its earnings results on Tuesday, October 27th. The real estate investment trust reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.82. The firm had revenue of $90.78 million for the quarter, compared to analysts’ expectations of $87.10 million. LXP Industrial Trust had a return on equity of 6.29% and a net margin of 34.31%. Analysts forecast that LXP Industrial Trust will post 3.34 earnings per share for the current fiscal year.

About LXP Industrial Trust

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.