abrdn plc Buys 1,464 Shares of LXP Industrial Trust (NYSE:LXP)

abrdn plc raised its holdings in shares of LXP Industrial Trust (NYSE:LXPFree Report) by 2.5% during the third quarter, HoldingsChannel reports. The fund owned 60,477 shares of the real estate investment trust’s stock after purchasing an additional 1,464 shares during the quarter. abrdn plc’s holdings in LXP Industrial Trust were worth $538,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. grew its position in LXP Industrial Trust by 2.8% in the first quarter. Vanguard Group Inc. now owns 46,080,850 shares of the real estate investment trust’s stock worth $723,469,000 after acquiring an additional 1,259,719 shares in the last quarter. State Street Corp grew its position in LXP Industrial Trust by 4.4% in the second quarter. State Street Corp now owns 18,545,934 shares of the real estate investment trust’s stock worth $183,096,000 after acquiring an additional 777,373 shares in the last quarter. Macquarie Group Ltd. grew its position in LXP Industrial Trust by 15.0% in the first quarter. Macquarie Group Ltd. now owns 13,741,004 shares of the real estate investment trust’s stock worth $141,669,000 after acquiring an additional 1,788,043 shares in the last quarter. Geode Capital Management LLC grew its position in LXP Industrial Trust by 7.6% in the second quarter. Geode Capital Management LLC now owns 6,269,834 shares of the real estate investment trust’s stock worth $61,131,000 after acquiring an additional 440,668 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in LXP Industrial Trust by 5.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 4,461,196 shares of the real estate investment trust’s stock worth $43,497,000 after acquiring an additional 237,141 shares in the last quarter. Institutional investors own 92.57% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on LXP shares. KeyCorp cut their target price on shares of LXP Industrial Trust from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Wednesday, December 13th. StockNews.com upgraded shares of LXP Industrial Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, December 19th.

Read Our Latest Stock Report on LXP Industrial Trust

LXP Industrial Trust Stock Performance

NYSE LXP opened at $9.00 on Wednesday. The company has a 50-day simple moving average of $9.45 and a two-hundred day simple moving average of $9.23. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.19. LXP Industrial Trust has a 12-month low of $7.75 and a 12-month high of $11.63. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 52.94, a PEG ratio of 6.91 and a beta of 0.81.

About LXP Industrial Trust

(Free Report)

LXP Industrial Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) focused on single-tenant industrial real estate investments across the United States. LXP seeks to expand its industrial portfolio through acquisitions, build-to-suit transactions, sale-leaseback transactions, development projects and other transactions.

See Also

Want to see what other hedge funds are holding LXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LXP Industrial Trust (NYSE:LXPFree Report).

Institutional Ownership by Quarter for LXP Industrial Trust (NYSE:LXP)

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