1,076,244 Shares in LXP Industrial Trust $LXP Bought by First Trust Capital Management L.P.

First Trust Capital Management L.P. purchased a new stake in LXP Industrial Trust (NYSE:LXP) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,076,244 shares of the real estate investment trust’s stock, valued at approximately $65,565,000. LXP Industrial Trust accounts for approximately 3.1% of First Trust Capital Management L.P.’s holdings, making the stock its 6th biggest holding.

Several other large investors also recently made changes to their positions in the stock. Nissay Asset Management Corp Japan raised its holdings in shares of 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 worth $498,000 after acquiring an additional 173 shares during the period. Asset Management One Co. Ltd. lifted its position 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 valued at $5,085,000 after acquiring an additional 220 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in LXP Industrial Trust by 4.4% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 5,344 shares of the real estate investment trust’s stock valued at $288,000 after acquiring an additional 224 shares in the last quarter. GAMMA Investing LLC boosted its stake in LXP Industrial Trust by 25.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,881 shares of the real estate investment trust’s stock worth $115,000 after purchasing an additional 385 shares during the period. Finally, Choreo LLC boosted its stake in LXP Industrial Trust by 11.1% in the 3rd quarter. Choreo LLC now owns 5,134 shares of the real estate investment trust’s stock worth $313,000 after purchasing an additional 512 shares during the period. Institutional investors own 93.52% of the company’s stock.

LXP Industrial Trust Price Performance

Shares of LXP opened at $61.18 on Friday. 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 twelve month low of $44.17 and a twelve month high of $61.61. The stock has a market capitalization of $3.61 billion, a P/E ratio of 31.54 and a beta of 1.02. The company has a 50 day moving average of $60.99 and a 200-day moving average of $54.98.

LXP Industrial Trust (NYSE:LXP) last announced its quarterly earnings data 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. LXP Industrial Trust had a net margin of 34.31% and a return on equity of 6.29%. The business had revenue of $90.78 million for the quarter, compared to analyst estimates of $87.10 million. As a group, equities research analysts forecast that LXP Industrial Trust will post 3.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LXP. Citigroup reiterated an “outperform” rating on shares of LXP Industrial Trust in a report on Thursday, July 16th. Citizens Jmp lowered LXP Industrial Trust from a “market outperform” rating to a “hold” rating in a report on Tuesday, July 21st. Weiss Ratings raised LXP Industrial Trust from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, November 2nd. Finally, Jefferies Financial Group cut LXP Industrial Trust from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $62.00 to $61.00 in a research report on Thursday, August 6th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $57.40.

About LXP Industrial Trust

LXP Industrial Trust is a real estate investment trust focused on owning and operating single-tenant industrial properties in the United States. Its portfolio consists primarily of warehouse and distribution facilities leased to businesses for logistics, storage and related operations. The company invests in industrial properties across U.S. markets, with a focus on areas offering access to transportation networks and growing populations. Its strategy includes acquiring and developing properties, often through build-to-suit projects tailored to tenants’ needs.