LXP Industrial Trust $LXP Shares Newly Acquired by First Trust Capital Management L.P.

Key Points

• First Trust Capital Management opened a substantial LXP position, acquiring 1,076,244 shares worth about $65.6 million. LXP represents 3.1% of its portfolio and is its sixth-largest holding.
• Institutional investors and hedge funds own 93.52% of LXP shares. The stock opened at $61.18, near its 12-month high of $61.61.
• LXP reported quarterly EPS of $0.89, beating the $0.07 consensus, and revenue of $90.78 million versus an $87.10 million estimate. Analysts’ average rating is Hold, with a $57.40 average price target.

First Trust Capital Management L.P. acquired a new position in shares of LXP Industrial Trust (NYSE:LXP - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,076,244 shares of the real estate investment trust's stock, valued at approximately $65,565,000. LXP Industrial Trust comprises 3.1% of First Trust Capital Management L.P.'s investment portfolio, making the stock its 6th biggest holding. First Trust Capital Management L.P. owned about 1.83% of LXP Industrial Trust as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC bought a new position in shares of LXP Industrial Trust in the 2nd quarter valued at about $46,000. Farther Finance Advisors LLC raised 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 worth $69,000 after buying an additional 664 shares during the last quarter. Allworth Financial LP bought a new stake in shares of LXP Industrial Trust during the second quarter worth approximately $78,000. Heritage Family Offices LLP acquired a new position in LXP Industrial Trust in the third quarter valued at approximately $80,000. Finally, GAMMA Investing LLC lifted its holdings in LXP Industrial Trust by 25.7% in the third quarter. GAMMA Investing LLC now owns 1,881 shares of the real estate investment trust's stock valued at $115,000 after buying an additional 385 shares during the period. 93.52% of the stock is currently owned by institutional investors and hedge funds.

LXP Industrial Trust Price Performance

Shares of LXP stock opened at $61.18 on Friday. The company has a quick ratio of 0.10, a current ratio of 0.19 and a debt-to-equity ratio of 0.18. LXP Industrial Trust has a 12-month low of $44.17 and a 12-month high of $61.61. The firm has a fifty day moving average of $60.99 and a 200-day moving average of $54.98. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of 31.54 and a beta of 1.02.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last issued its quarterly earnings data on Tuesday, October 27th. The real estate investment trust reported $0.89 EPS for the quarter, topping the consensus estimate of $0.07 by $0.82. LXP Industrial Trust had a return on equity of 6.29% and a net margin of 34.31%. The business had revenue of $90.78 million for the quarter, compared to the consensus estimate of $87.10 million. On average, equities research analysts forecast that LXP Industrial Trust will post 3.34 earnings per share for the current year.

Analyst Ratings Changes

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

LXP Industrial Trust Profile

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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