Teacher Retirement System of Texas Trims Position in LXP Industrial Trust $LXP

Teacher Retirement System of Texas lowered its position in shares of LXP Industrial Trust (NYSE:LXP) by 29.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 101,840 shares of the real estate investment trust’s stock after selling 43,184 shares during the quarter. Teacher Retirement System of Texas’ holdings in LXP Industrial Trust were worth $912,000 as of its most recent filing with the SEC.

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

LXP Industrial Trust Stock Up 1.1%

Shares of NYSE LXP opened at $50.24 on Wednesday. LXP Industrial Trust has a 12-month low of $44.17 and a 12-month high of $97.90. The company has a market cap of $2.97 billion, a P/E ratio of 26.44 and a beta of 1.10. 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 stock has a fifty day moving average price of $49.76 and a 200 day moving average price of $46.30.

Analyst Upgrades and Downgrades

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

About LXP Industrial Trust

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.