Robeco Institutional Asset Management B.V. Buys 175,894 Shares of LXP Industrial Trust $LXP

Key Points

• Robeco Institutional Asset Management purchased 175,894 shares of LXP Industrial Trust in the third quarter, valued at approximately $10.7 million and representing a 0.30% stake. Institutional investors collectively own 93.52% of the company.
• Analyst sentiment is mixed: three analysts rate LXP a Buy and five rate it a Hold. The stock has an average rating of Hold and an average price target of $57.40.
• LXP shares opened at $61.12, near their 52-week high of $61.61. The company recently exceeded quarterly estimates, reporting $0.84 in EPS versus expectations of $0.83 and revenue of $88.11 million.

Robeco Institutional Asset Management B.V. purchased a new position in LXP Industrial Trust (NYSE:LXP - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 175,894 shares of the real estate investment trust's stock, valued at approximately $10,715,000. Robeco Institutional Asset Management B.V. owned 0.30% of LXP Industrial Trust at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in shares of LXP Industrial Trust by 25.7% in the 3rd 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. Farther Finance Advisors LLC increased its position in LXP Industrial Trust by 141.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,132 shares of the real estate investment trust's stock valued at $69,000 after buying an additional 664 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of LXP Industrial Trust by 4.4% during the second quarter. Sequoia Financial Advisors LLC now owns 5,344 shares of the real estate investment trust's stock valued at $288,000 after acquiring an additional 224 shares in the last quarter. Engineers Gate Manager LP increased its stake in LXP Industrial Trust by 395.2% during the 2nd quarter. Engineers Gate Manager LP now owns 27,732 shares of the real estate investment trust's stock valued at $1,494,000 after purchasing an additional 22,132 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of LXP Industrial Trust during the second quarter worth about $46,000. 93.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

LXP has been the subject of a number of analyst reports. BMO Capital Markets initiated coverage on LXP Industrial Trust in a research report on Thursday, July 9th. They issued an "outperform" rating and a $65.00 price target for the company. Jefferies Financial Group downgraded LXP Industrial Trust from a "buy" rating to a "hold" rating and reduced their price objective for the company from $62.00 to $61.00 in a research note on Thursday, August 6th. Wall Street Zen lowered LXP Industrial Trust from a "hold" rating to a "sell" rating in a research report on Sunday, July 12th. Citizens Jmp cut LXP Industrial Trust from a "market outperform" rating to a "hold" rating in a research note on Tuesday, July 21st. Finally, Citigroup reissued an "outperform" rating on shares of LXP Industrial Trust in a report on Thursday, July 16th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, LXP Industrial Trust presently has an average rating of "Hold" and an average price target of $57.40.

LXP Industrial Trust Price Performance

Shares of NYSE LXP opened at $61.12 on Friday. The stock has a fifty day simple moving average of $60.91 and a two-hundred day simple moving average of $56.54. LXP Industrial Trust has a 1-year low of $44.17 and a 1-year high of $61.61. The firm has a market cap of $3.60 billion, a price-to-earnings ratio of 61.12 and a beta of 1.02. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.19.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last released its earnings results on Wednesday, July 29th. The real estate investment trust reported $0.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.01. The business had revenue of $88.11 million during the quarter, compared to the consensus estimate of $85.37 million. LXP Industrial Trust had a return on equity of 3.37% and a net margin of 18.66%. The business's revenue for the quarter was up .4% on a year-over-year basis. During the same period last year, the business posted $0.16 earnings per share. Analysts anticipate that LXP Industrial Trust will post 3.34 earnings per share for the current year.

LXP Industrial Trust Profile

LXP Industrial Trust NYSE: LXP is a self-managed real estate investment trust focused on owning and managing industrial properties in the United States. The company primarily invests in single-tenant, long-term leased facilities, including distribution centers, logistics properties, and manufacturing buildings.

LXP's portfolio serves tenants involved in logistics, supply chain management, manufacturing, and other industrial activities. Its properties are located across several U.S. markets, with an emphasis on areas supported by population growth, transportation infrastructure, and expanding industrial demand.

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