Fisher Asset Management LLC Cuts Position in LXP Industrial Trust (NYSE:LXP)

Fisher Asset Management LLC decreased its stake in LXP Industrial Trust (NYSE:LXP - Free Report) by 4.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,306,442 shares of the real estate investment trust's stock after selling 108,136 shares during the period. Fisher Asset Management LLC owned 0.78% of LXP Industrial Trust worth $18,728,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in LXP. Proficio Capital Partners LLC bought a new stake in LXP Industrial Trust during the fourth quarter valued at $83,000. Illinois Municipal Retirement Fund boosted its position in shares of LXP Industrial Trust by 1.9% during the 4th quarter. Illinois Municipal Retirement Fund now owns 161,651 shares of the real estate investment trust's stock valued at $1,313,000 after purchasing an additional 2,975 shares in the last quarter. Bank of New York Mellon Corp grew its stake in LXP Industrial Trust by 0.9% during the fourth quarter. Bank of New York Mellon Corp now owns 2,762,226 shares of the real estate investment trust's stock worth $22,429,000 after purchasing an additional 25,784 shares during the period. Hudson Edge Investment Partners Inc. increased its holdings in LXP Industrial Trust by 143.1% in the fourth quarter. Hudson Edge Investment Partners Inc. now owns 78,884 shares of the real estate investment trust's stock worth $641,000 after purchasing an additional 46,433 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its stake in LXP Industrial Trust by 3.5% in the fourth quarter. Handelsbanken Fonder AB now owns 113,215 shares of the real estate investment trust's stock valued at $919,000 after buying an additional 3,800 shares during the period. 93.52% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

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

LXP Industrial Trust Stock Down 0.1 %

LXP Industrial Trust stock traded down $0.01 during midday trading on Friday, reaching $9.16. The stock had a trading volume of 2,156,129 shares, compared to its average volume of 2,214,357. The company has a fifty day moving average price of $8.39 and a two-hundred day moving average price of $9.17. LXP Industrial Trust has a 12 month low of $7.65 and a 12 month high of $10.56. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $2.71 billion, a P/E ratio of 70.44 and a beta of 0.89.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.16 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.18. LXP Industrial Trust had a return on equity of 2.15% and a net margin of 12.40%. The firm had revenue of $100.85 million during the quarter, compared to the consensus estimate of $84.57 million. As a group, equities analysts expect that LXP Industrial Trust will post 0.63 EPS for the current fiscal year.

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.