Resona Asset Management Co. Ltd. Increases Holdings in LXP Industrial Trust $LXP

Resona Asset Management Co. Ltd. increased its position in LXP Industrial Trust (NYSE:LXP) by 11.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,076 shares of the real estate investment trust’s stock after buying an additional 13,255 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in LXP Industrial Trust were worth $1,192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp bought a new position in LXP Industrial Trust during the third quarter valued at approximately $8,786,000. Hudson Edge Investment Partners Inc. grew its holdings in shares of LXP Industrial Trust by 15.2% during the 3rd quarter. Hudson Edge Investment Partners Inc. now owns 74,525 shares of the real estate investment trust’s stock valued at $668,000 after purchasing an additional 9,826 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its position in LXP Industrial Trust by 8.3% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 273,313 shares of the real estate investment trust’s stock worth $2,449,000 after purchasing an additional 20,913 shares during the period. Samalin Investment Counsel LLC lifted its stake in LXP Industrial Trust by 12.3% in the third quarter. Samalin Investment Counsel LLC now owns 81,146 shares of the real estate investment trust’s stock worth $727,000 after purchasing an additional 8,908 shares during the last quarter. Finally, Vert Asset Management LLC boosted its position in LXP Industrial Trust by 7.9% during the third quarter. Vert Asset Management LLC now owns 144,068 shares of the real estate investment trust’s stock valued at $1,291,000 after buying an additional 10,499 shares during the period. Hedge funds and other institutional investors own 93.52% of the company’s stock.

Wall Street Analyst Weigh In

LXP has been the topic of several analyst reports. Citigroup upgraded LXP Industrial Trust to an “outperform” rating in a report on Tuesday, October 28th. Weiss Ratings cut LXP Industrial Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. KeyCorp downgraded LXP Industrial Trust from an “overweight” rating to a “sector weight” rating in a research report on Thursday, December 4th. 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. Finally, Citizens Jmp raised shares of LXP Industrial Trust from a “market perform” rating to an “outperform” rating and set a $57.50 target price on the stock in a research note on Tuesday, October 28th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, LXP Industrial Trust currently has a consensus rating of “Moderate Buy” and an average target price of $54.00.

LXP Industrial Trust Price Performance

LXP opened at $48.21 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.26 and a current ratio of 0.26. The stock has a market capitalization of $2.85 billion, a PE ratio of 25.37 and a beta of 1.10. The stock’s 50 day moving average price is $49.56 and its 200-day moving average price is $46.05. LXP Industrial Trust has a 52-week low of $44.17 and a 52-week high of $97.90.

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