Moody Aldrich Partners LLC Acquires 10,429 Shares of LXP Industrial Trust $LXP

Moody Aldrich Partners LLC increased its stake in shares of LXP Industrial Trust (NYSE:LXP) by 12.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,084 shares of the real estate investment trust’s stock after buying an additional 10,429 shares during the quarter. Moody Aldrich Partners LLC owned about 0.15% of LXP Industrial Trust worth $5,549,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC bought a new position in LXP Industrial Trust in the 2nd quarter valued at about $46,000. Farther Finance Advisors LLC raised its position in shares of 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. Allworth Financial LP acquired a new position in shares of LXP Industrial Trust in the 2nd quarter valued at approximately $78,000. Summit Securities Group LLC acquired a new position in shares of LXP Industrial Trust in the 1st quarter valued at approximately $83,000. Finally, GAMMA Investing LLC lifted its holdings in shares of LXP Industrial Trust by 25.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,881 shares of the real estate investment trust’s stock worth $115,000 after acquiring an additional 385 shares during the period. Institutional investors own 93.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on LXP. Wall Street Zen lowered shares of LXP Industrial Trust from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Weiss Ratings raised shares of LXP Industrial Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, October 12th. Citizens Jmp cut shares of LXP Industrial Trust from a “market outperform” rating to a “hold” rating in a research note on Tuesday, July 21st. Jefferies Financial Group downgraded shares of LXP Industrial Trust from a “buy” rating to a “hold” rating and lowered their price objective for the company from $62.00 to $61.00 in a research report on Thursday, August 6th. Finally, Citigroup restated an “outperform” rating on shares of LXP Industrial Trust in a research note on Thursday, July 16th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $57.40.

LXP Industrial Trust Trading Up 0.0%

LXP opened at $61.15 on Thursday. The company has a market cap of $3.60 billion, a P/E ratio of 61.15 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. The company’s 50 day moving average is $60.93 and its 200-day moving average is $54.36. LXP Industrial Trust has a 1-year low of $44.17 and a 1-year high of $61.61.

LXP Industrial Trust (NYSE:LXP) last released its quarterly earnings data on Tuesday, October 27th. The real estate investment trust reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.82. The business had revenue of $90.78 million during the quarter, compared to analysts’ expectations of $87.10 million. LXP Industrial Trust had a net margin of 18.66% and a return on equity of 3.37%. Equities research analysts predict that LXP Industrial Trust will post 3.34 earnings per share for the current fiscal year.

About LXP Industrial Trust

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.