Universal Beteiligungs und Servicegesellschaft mbH Acquires 20,913 Shares of LXP Industrial Trust $LXP

Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of LXP Industrial Trust (NYSE:LXP) by 8.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 273,313 shares of the real estate investment trust’s stock after buying an additional 20,913 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.09% of LXP Industrial Trust worth $2,449,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Lasalle Investment Management Securities LLC boosted its position in LXP Industrial Trust by 44.4% during the second quarter. Lasalle Investment Management Securities LLC now owns 9,177,887 shares of the real estate investment trust’s stock valued at $75,809,000 after purchasing an additional 2,822,835 shares during the last quarter. Norges Bank acquired a new stake in shares of LXP Industrial Trust in the 2nd quarter valued at approximately $58,163,000. Balyasny Asset Management L.P. increased its holdings in LXP Industrial Trust by 269.0% during the second quarter. Balyasny Asset Management L.P. now owns 6,432,356 shares of the real estate investment trust’s stock worth $53,131,000 after buying an additional 4,688,972 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in LXP Industrial Trust by 6.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,797,118 shares of the real estate investment trust’s stock worth $51,942,000 after acquiring an additional 340,733 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in LXP Industrial Trust by 14.1% in the first 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. Institutional investors own 93.52% of the company’s stock.

Analysts Set New Price Targets

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

LXP Industrial Trust Stock Up 2.3%

LXP stock opened at $49.32 on Friday. LXP Industrial Trust has a fifty-two week low of $44.17 and a fifty-two week high of $97.90. 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. The business’s fifty day moving average price is $49.62 and its two-hundred day moving average price is $46.08.

LXP Industrial Trust (NYSE:LXP) last released its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.16 EPS for the quarter, meeting 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 the consensus estimate of $87.03 million. During the same period in the prior year, the company posted $0.80 earnings per share. LXP Industrial Trust’s revenue was up 1.4% compared to the same quarter last year. On average, equities analysts anticipate that LXP Industrial Trust will post 0.63 earnings per share for the current year.

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.