Robeco Institutional Asset Management B.V. Purchases New Stake in LXP Industrial Trust $LXP

Robeco Institutional Asset Management B.V. purchased a new stake in LXP Industrial Trust (NYSE:LXP) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 175,894 shares of the real estate investment trust’s stock, valued at approximately $10,715,000.

Other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp bought a new position in LXP Industrial Trust in the 2nd quarter worth approximately $36,807,000. William Blair Investment Management LLC purchased a new position in LXP Industrial Trust in the 2nd quarter valued at approximately $26,535,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in LXP Industrial Trust by 36,383.3% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 434,516 shares of the real estate investment trust’s stock valued at $23,412,000 after buying an additional 433,325 shares in the last quarter. Bank of America Corp DE bought a new stake in LXP Industrial Trust during the 2nd quarter valued at $21,872,000. Finally, Legal & General Group Plc bought a new stake in LXP Industrial Trust during the 2nd quarter valued at $20,783,000. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

LXP Industrial Trust Price Performance

LXP stock opened at $61.12 on Friday. The firm has a 50 day moving average of $60.91 and a 200-day moving average of $56.54. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.19. LXP Industrial Trust has a 12 month low of $44.17 and a 12 month high of $61.61. The firm has a market capitalization of $3.60 billion, a P/E ratio of 61.12 and a beta of 1.02.

LXP Industrial Trust (NYSE:LXP) last posted its earnings results on Wednesday, July 29th. The real estate investment trust reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.01. The business had revenue of $88.11 million for the quarter, compared to analyst estimates of $85.37 million. LXP Industrial Trust had a net margin of 18.66% and a return on equity of 3.37%. LXP Industrial Trust’s revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.16 EPS. As a group, sell-side analysts predict that LXP Industrial Trust will post 3.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on LXP. Wall Street Zen downgraded LXP Industrial Trust from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. BMO Capital Markets initiated coverage on LXP Industrial Trust in a report on Thursday, July 9th. They issued an “outperform” rating and a $65.00 price target for the company. Weiss Ratings upgraded LXP Industrial Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, October 12th. Jefferies Financial Group lowered LXP Industrial Trust from a “buy” rating to a “hold” rating and decreased their price objective for the company from $62.00 to $61.00 in a research note on Thursday, August 6th. Finally, Citigroup reiterated an “outperform” rating on shares of LXP Industrial Trust in a research note on Thursday, July 16th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $57.40.

LXP Industrial Trust Company Profile

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.