Arun Gupta Buys 15,000 Shares of LXP Industrial Trust (NYSE:LXP) Stock

LXP Industrial Trust (NYSE:LXP) Director Arun Gupta purchased 15,000 shares of the stock in a transaction that occurred on Wednesday, June 12th. The stock was purchased at an average price of $8.95 per share, with a total value of $134,250.00. Following the acquisition, the director now directly owns 65,474 shares of the company’s stock, valued at approximately $585,992.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

LXP Industrial Trust Trading Up 0.2 %

LXP opened at $8.80 on Monday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. The firm has a market cap of $2.59 billion, a price-to-earnings ratio of 220.06 and a beta of 0.85. LXP Industrial Trust has a 12 month low of $7.75 and a 12 month high of $10.75. The stock has a fifty day moving average price of $8.69 and a 200-day moving average price of $9.01.

Hedge Funds Weigh In On LXP Industrial Trust

A number of large investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC grew its position in shares of LXP Industrial Trust by 869.1% in the 4th quarter. International Assets Investment Management LLC now owns 177,042 shares of the real estate investment trust’s stock worth $17,847,000 after buying an additional 158,774 shares during the last quarter. Norges Bank purchased a new stake in shares of LXP Industrial Trust during the 4th quarter valued at $31,529,000. Public Employees Retirement Association of Colorado lifted its holdings in shares of LXP Industrial Trust by 4,618.9% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 1,443,977 shares of the real estate investment trust’s stock valued at $14,324,000 after purchasing an additional 1,413,377 shares during the last quarter. Aew Capital Management L P acquired a new stake in shares of LXP Industrial Trust in the 4th quarter worth $4,643,000. Finally, Cibc World Markets Corp purchased a new position in LXP Industrial Trust during the 4th quarter worth $976,000. 93.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on LXP shares. StockNews.com cut LXP Industrial Trust from a “hold” rating to a “sell” rating in a report on Friday, May 3rd. Jefferies Financial Group increased their target price on shares of LXP Industrial Trust from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, June 7th. Finally, BNP Paribas started coverage on shares of LXP Industrial Trust in a report on Tuesday, June 4th. They issued an “outperform” rating and a $11.00 price target for the company.

About LXP Industrial Trust

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.