Mitsubishi UFJ Trust & Banking Corp Takes $8.79 Million Position in LXP Industrial Trust $LXP

Mitsubishi UFJ Trust & Banking Corp bought a new position in LXP Industrial Trust (NYSE:LXP) in the third quarter, Holdings Channel.com reports. The firm bought 980,560 shares of the real estate investment trust’s stock, valued at approximately $8,786,000.

Several other large investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of LXP Industrial Trust by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 172,981 shares of the real estate investment trust’s stock worth $1,496,000 after purchasing an additional 7,577 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in LXP Industrial Trust during the 1st quarter worth approximately $129,000. Goldman Sachs Group Inc. lifted its stake in LXP Industrial Trust by 14.1% during 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 acquiring an additional 458,195 shares during the period. United Services Automobile Association purchased a new stake in shares of LXP Industrial Trust in the 1st quarter valued at $158,000. Finally, Jane Street Group LLC boosted its holdings in shares of LXP Industrial Trust by 6,092.1% in the 1st quarter. Jane Street Group LLC now owns 948,134 shares of the real estate investment trust’s stock valued at $8,201,000 after acquiring an additional 932,822 shares during the last quarter. Hedge funds and other institutional investors own 93.52% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on LXP shares. Citizens Jmp upgraded shares of LXP Industrial Trust from a “market perform” rating to an “outperform” rating and set a $57.50 target price for the company in a research report on Tuesday, October 28th. Evercore ISI lifted their price objective on LXP Industrial Trust from $50.00 to $55.00 and gave the company an “in-line” rating in a research note on Monday, October 6th. KeyCorp downgraded LXP Industrial Trust from an “overweight” rating to a “sector weight” rating in a research note on Thursday, December 4th. JMP Securities set a $57.50 price target on LXP Industrial Trust and gave the company a “market outperform” rating in a research report on Tuesday, October 28th. Finally, Weiss Ratings downgraded LXP Industrial Trust from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $54.00.

LXP Industrial Trust Price Performance

Shares of LXP Industrial Trust stock opened at $48.21 on Thursday. The company has a quick ratio of 0.26, a current ratio of 0.26 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 $97.90. The business has a 50-day moving average price of $49.56 and a 200 day moving average price of $46.05. The firm has a market cap of $2.85 billion, a PE ratio of 25.37 and a beta of 1.10.

LXP Industrial Trust (NYSE:LXP) last issued its quarterly earnings results 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 return on equity of 5.86% and a net margin of 32.19%.The company had revenue of $86.90 million for the quarter, compared to the consensus estimate of $87.03 million. During the same quarter in the prior year, the business posted $0.80 earnings per share. LXP Industrial Trust’s revenue for the quarter was up 1.4% on a year-over-year basis. Sell-side analysts predict that LXP Industrial Trust will post 0.63 earnings per share for the current fiscal year.

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.