Sequoia Financial Advisors LLC Takes Position in LXP Industrial Trust $LXP

Sequoia Financial Advisors LLC purchased a new position in shares of LXP Industrial Trust (NYSE:LXP) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 25,323 shares of the real estate investment trust’s stock, valued at approximately $227,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. EverSource Wealth Advisors LLC raised its holdings in shares of LXP Industrial Trust by 101.7% in the second quarter. EverSource Wealth Advisors LLC now owns 3,481 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 1,755 shares during the last quarter. Geneos Wealth Management Inc. increased its position in LXP Industrial Trust by 82.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 3,623 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 1,632 shares during the period. GAMMA Investing LLC raised its stake in LXP Industrial Trust by 50.4% during the 2nd quarter. GAMMA Investing LLC now owns 3,866 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 1,296 shares during the last quarter. Pettyjohn Wood & White Inc. acquired a new stake in LXP Industrial Trust during the 2nd quarter worth approximately $84,000. Finally, CWM LLC grew its stake in shares of LXP Industrial Trust by 30.3% in the 2nd quarter. CWM LLC now owns 10,519 shares of the real estate investment trust’s stock valued at $87,000 after purchasing an additional 2,443 shares during the last quarter. 93.52% of the stock is owned by hedge funds and other institutional investors.

LXP Industrial Trust Stock Up 2.3%

LXP opened at $49.32 on Friday. LXP Industrial Trust has a 12 month low of $44.17 and a 12 month high of $97.90. The business has a 50-day moving average of $49.62 and a two-hundred day moving average of $46.08. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.26 and a quick ratio of 0.26. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 25.96 and a beta of 1.10.

LXP Industrial Trust (NYSE:LXP) last released its earnings results on Thursday, October 30th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. LXP Industrial Trust had a net margin of 32.19% and a return on equity of 5.86%. The business had revenue of $86.90 million for the quarter, compared to analysts’ expectations of $87.03 million. During the same period last year, the company earned $0.80 earnings per share. The company’s quarterly revenue was up 1.4% on a year-over-year basis. On average, research analysts expect that LXP Industrial Trust will post 0.63 earnings per share for the current year.

Analysts Set New Price Targets

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