LXP Industrial Trust (NYSE:LXP) Shares Sold by Choreo LLC

Choreo LLC trimmed its position in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 72.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,151 shares of the real estate investment trust's stock after selling 32,004 shares during the quarter. Choreo LLC's holdings in LXP Industrial Trust were worth $99,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of LXP. First Hawaiian Bank purchased a new position in LXP Industrial Trust during the 4th quarter worth $100,000. KBC Group NV boosted its holdings in LXP Industrial Trust by 32.7% in the third quarter. KBC Group NV now owns 10,170 shares of the real estate investment trust's stock worth $102,000 after acquiring an additional 2,504 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of LXP Industrial Trust by 34.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,424 shares of the real estate investment trust's stock worth $116,000 after acquiring an additional 2,948 shares during the last quarter. Atria Investments Inc acquired a new position in shares of LXP Industrial Trust during the third quarter valued at about $118,000. Finally, Blue Trust Inc. raised its position in shares of LXP Industrial Trust by 22.8% in the 4th quarter. Blue Trust Inc. now owns 15,089 shares of the real estate investment trust's stock valued at $123,000 after purchasing an additional 2,798 shares during the last quarter. 93.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, JMP Securities restated a "market perform" rating on shares of LXP Industrial Trust in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, LXP Industrial Trust currently has a consensus rating of "Hold" and an average price target of $11.33.

LXP Industrial Trust Stock Performance

Shares of LXP Industrial Trust stock traded up $0.01 on Wednesday, reaching $8.55. 2,522,152 shares of the stock were exchanged, compared to its average volume of 2,160,958. The business has a 50 day moving average price of $8.32 and a two-hundred day moving average price of $9.23. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of 65.74 and a beta of 0.89. LXP Industrial Trust has a twelve month low of $7.65 and a twelve month high of $10.56. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.21.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.02) by $0.18. The company had revenue of $100.85 million during the quarter, compared to analyst estimates of $84.57 million. LXP Industrial Trust had a net margin of 12.40% and a return on equity of 2.15%. Analysts anticipate that LXP Industrial Trust will post 0.63 earnings per share for the current fiscal year.

LXP Industrial Trust Company Profile

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.