AlphaQuest LLC Grows Position in LXP Industrial Trust $LXP

AlphaQuest LLC lifted its position in shares of LXP Industrial Trust (NYSE:LXP) by 109.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 232,907 shares of the real estate investment trust’s stock after purchasing an additional 121,790 shares during the period. AlphaQuest LLC’s holdings in LXP Industrial Trust were worth $2,087,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC raised its holdings in shares of LXP Industrial Trust by 101.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,481 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 1,755 shares during the period. Geneos Wealth Management Inc. increased its position 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. GAMMA Investing LLC raised its holdings in LXP Industrial Trust by 50.4% in the second 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 during the period. Pettyjohn Wood & White Inc. acquired a new position in LXP Industrial Trust during the second quarter valued at approximately $84,000. Finally, CWM LLC lifted its position in LXP Industrial Trust by 30.3% during the second quarter. CWM LLC now owns 10,519 shares of the real estate investment trust’s stock valued at $87,000 after buying an additional 2,443 shares in the last quarter. 93.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. KeyCorp lowered shares of LXP Industrial Trust from an “overweight” rating to a “sector weight” rating in a report on Thursday, December 4th. Citizens Jmp upgraded LXP Industrial Trust from a “market perform” rating to an “outperform” rating and set a $57.50 price objective on the stock in a research note on Tuesday, October 28th. JMP Securities set a $57.50 target price on LXP Industrial Trust and gave the company a “market outperform” rating in a research note on Tuesday, October 28th. Weiss Ratings lowered LXP Industrial Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Finally, Citigroup upgraded LXP Industrial Trust to an “outperform” rating in a report on Tuesday, October 28th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.00.

LXP Industrial Trust Price Performance

Shares of NYSE LXP opened at $49.56 on Friday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 26.09 and a beta of 1.10. 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 simple moving average of $49.67 and a 200-day simple moving average of $46.13.

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

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.