Resona Asset Management Co. Ltd. Boosts Stock Holdings in LXP Industrial Trust $LXP

Resona Asset Management Co. Ltd. grew its holdings in LXP Industrial Trust (NYSE:LXP) by 11.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 132,076 shares of the real estate investment trust’s stock after purchasing an additional 13,255 shares during the period. Resona Asset Management Co. Ltd.’s holdings in LXP Industrial Trust were worth $1,192,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of LXP. GAMMA Investing LLC grew its stake in LXP Industrial Trust by 50.4% in the 2nd quarter. GAMMA Investing LLC now owns 3,866 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 1,296 shares in the last quarter. California State Teachers Retirement System grew its position in shares of LXP Industrial Trust by 0.5% in the second quarter. California State Teachers Retirement System now owns 271,954 shares of the real estate investment trust’s stock valued at $2,246,000 after purchasing an additional 1,474 shares in the last quarter. Virtus Investment Advisers LLC raised its stake in shares of LXP Industrial Trust by 8.9% during the 2nd quarter. Virtus Investment Advisers LLC now owns 19,629 shares of the real estate investment trust’s stock valued at $162,000 after purchasing an additional 1,612 shares during the period. Geneos Wealth Management Inc. lifted its holdings in LXP Industrial Trust by 82.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,623 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,632 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its stake in LXP Industrial Trust by 3.5% in the 2nd quarter. QRG Capital Management Inc. now owns 48,964 shares of the real estate investment trust’s stock worth $404,000 after purchasing an additional 1,657 shares during the period. 93.52% of the stock is owned by institutional investors.

LXP Industrial Trust Price Performance

LXP stock opened at $48.21 on Thursday. The firm has a 50 day simple moving average of $49.56 and a two-hundred day simple moving average of $46.05. The stock has a market cap of $2.85 billion, a PE ratio of 25.37 and a beta of 1.10. LXP Industrial Trust has a one year low of $44.17 and a one year high of $97.90. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.26 and a quick ratio of 0.26.

LXP Industrial Trust (NYSE:LXP) last posted its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. LXP Industrial Trust had a net margin of 32.19% and a return on equity of 5.86%. The company had revenue of $86.90 million during the quarter, compared to the consensus estimate of $87.03 million. During the same period in the previous year, the firm posted $0.80 EPS. The firm’s revenue was up 1.4% compared to the same quarter last year. On average, analysts predict that LXP Industrial Trust will post 0.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LXP has been the topic of several analyst reports. Evercore ISI upped their price target on LXP Industrial Trust from $50.00 to $55.00 and gave the company an “in-line” rating in a research report on Monday, October 6th. Citigroup raised shares of LXP Industrial Trust to an “outperform” rating in a research note on Tuesday, October 28th. Citizens Jmp upgraded 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 research note on Tuesday, October 28th. KeyCorp lowered shares of LXP Industrial Trust from an “overweight” rating to a “sector weight” rating in a research report on Thursday, December 4th. Finally, Weiss Ratings downgraded LXP Industrial Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $54.00.

LXP Industrial Trust Company 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.