FMR LLC & Abigail Johnson Report 5.486% Stake in LXP Industrial Trust
Ticker: LXP-PC · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 910108
| Field | Detail |
|---|---|
| Company | Lxp Industrial Trust (LXP-PC) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, real-estate
TL;DR
**FMR LLC and Abigail Johnson still own over 5% of LXP Industrial Trust.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their holdings in LXP Industrial Trust (LXP). As of February 9, 2024, they collectively own 16,124,506 shares of common stock, representing 5.486% of the company. This is an amendment to a previous filing, indicating a slight adjustment in their reported ownership percentage, which matters to investors as it shows a significant institutional holder's continued, albeit slightly adjusted, stake in the company.
Why It Matters
This filing confirms a major institutional investor's continued significant ownership in LXP Industrial Trust, providing a signal of their ongoing interest in the company's performance.
Risk Assessment
Risk Level: low — This filing is a routine update of a significant institutional holding and does not indicate any immediate risks to the company or its stock.
Analyst Insight
Investors should note the continued presence of a major institutional holder like FMR LLC, which can signal long-term confidence, but this filing alone doesn't suggest immediate buying or selling action.
Key Numbers
- 16,124,506 — Total shares beneficially owned (This is the combined number of common stock shares held by FMR LLC and Abigail P. Johnson in LXP Industrial Trust.)
- 5.486% — Percentage of class owned (This represents the total percentage of LXP Industrial Trust's common stock beneficially owned by FMR LLC and Abigail P. Johnson.)
- 005-48181 — SEC File Number (This is the unique identifier for LXP Industrial Trust's filings with the SEC.)
- 20240209 — Date of filing (This is the date the SC 13G/A amendment was filed with the SEC.)
Key Players & Entities
- FMR LLC (company) — the reporting person and parent holding company
- Abigail P. Johnson (person) — the principal owner of FMR LLC, also reporting her beneficial ownership
- LXP Industrial Trust (company) — the issuer of the common stock
- Delaware (company) — state of incorporation for FMR LLC
- United States of America (company) — citizenship of Abigail P. Johnson
Forward-Looking Statements
- FMR LLC will maintain a significant stake in LXP Industrial Trust. (FMR LLC) — high confidence, target: 2025-02-09
FAQ
Who are the primary reporting persons in this SC 13G/A filing for LXP Industrial Trust?
The primary reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing for both entities.
What is the total number of common stock shares beneficially owned by FMR LLC and Abigail P. Johnson in LXP Industrial Trust?
FMR LLC and Abigail P. Johnson each report beneficial ownership of 16,124,506 shares of common stock, as detailed in Item 7 and Item 9 for both reporting persons.
What percentage of LXP Industrial Trust's common stock do FMR LLC and Abigail P. Johnson collectively own?
Both FMR LLC and Abigail P. Johnson report owning 5.486% of the class of common stock, as indicated in Item 11 for each reporting person.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box at the beginning of the filing and explicitly stated in Item 3.
What is the CUSIP number for LXP Industrial Trust's common stock?
The CUSIP number for LXP Industrial Trust's common stock is 529043101, as stated in Item 2(e) of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding LXP Industrial Trust (LXP-PC).