Aew Capital Management Inc. Purchases 772,756 Shares of LXP Industrial Trust $LXP

Key Points

• Aew Capital Management bought 772,756 shares of LXP Industrial Trust, worth about $47.1 million, giving it roughly 1.31% of the REIT and making LXP its 14th-largest holding.
• Institutional investors own 93.52% of LXP shares. Analysts’ consensus rating is Hold, with an average price target of $57.40.
• LXP reported quarterly EPS of $0.89, above the $0.07 consensus estimate, and revenue of $90.78 million, also ahead of expectations.

Aew Capital Management Inc. purchased a new stake in shares of LXP Industrial Trust (NYSE:LXP - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 772,756 shares of the real estate investment trust's stock, valued at approximately $47,076,000. LXP Industrial Trust accounts for approximately 3.1% of Aew Capital Management Inc.'s investment portfolio, making the stock its 14th largest holding. Aew Capital Management Inc. owned approximately 1.31% of LXP Industrial Trust at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Integrated Wealth Concepts LLC acquired a new stake in LXP Industrial Trust in the second quarter worth about $46,000. Farther Finance Advisors LLC increased its stake in shares of LXP Industrial Trust by 141.9% during the third quarter. Farther Finance Advisors LLC now owns 1,132 shares of the real estate investment trust's stock valued at $69,000 after acquiring an additional 664 shares during the period. Allworth Financial LP acquired a new position in shares of LXP Industrial Trust during the second quarter valued at approximately $78,000. Heritage Family Offices LLP bought a new stake in LXP Industrial Trust during the third quarter worth approximately $80,000. Finally, GAMMA Investing LLC raised its holdings in LXP Industrial Trust by 25.7% during the third quarter. GAMMA Investing LLC now owns 1,881 shares of the real estate investment trust's stock worth $115,000 after purchasing an additional 385 shares in the last quarter. 93.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Weiss Ratings upgraded LXP Industrial Trust from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday, November 2nd. Citigroup reiterated an "outperform" rating on shares of LXP Industrial Trust in a research report on Thursday, July 16th. Citizens Jmp downgraded LXP Industrial Trust from a "market outperform" rating to a "hold" rating in a research note on Tuesday, July 21st. Finally, Jefferies Financial Group lowered LXP Industrial Trust from a "buy" rating to a "hold" rating and cut their price objective for the company from $62.00 to $61.00 in a report on Thursday, August 6th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $57.40.

LXP Industrial Trust Stock Performance

Shares of NYSE LXP opened at $61.18 on Thursday. The company has a quick ratio of 0.10, a current ratio of 0.19 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $3.61 billion, a price-to-earnings ratio of 31.54 and a beta of 1.02. The stock's fifty day simple moving average is $60.98 and its 200 day simple moving average is $54.92. LXP Industrial Trust has a 52-week low of $44.17 and a 52-week high of $61.61.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last released its quarterly earnings results on Tuesday, October 27th. The real estate investment trust reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.82. LXP Industrial Trust had a net margin of 34.31% and a return on equity of 6.29%. The business had revenue of $90.78 million for the quarter, compared to analyst estimates of $87.10 million. As a group, sell-side analysts forecast that LXP Industrial Trust will post 3.34 earnings per share for the current fiscal year.

About LXP Industrial Trust

LXP Industrial Trust is a real estate investment trust focused on owning and operating single-tenant industrial properties in the United States. Its portfolio consists primarily of warehouse and distribution facilities leased to businesses for logistics, storage and related operations. The company invests in industrial properties across U.S. markets, with a focus on areas offering access to transportation networks and growing populations. Its strategy includes acquiring and developing properties, often through build-to-suit projects tailored to tenants' needs.

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