New York State Teachers Retirement System Sells 35,800 Shares of LXP Industrial Trust (NYSE:LXP)

New York State Teachers Retirement System reduced its stake in LXP Industrial Trust (NYSE:LXP - Free Report) by 9.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 363,530 shares of the real estate investment trust's stock after selling 35,800 shares during the period. New York State Teachers Retirement System owned 0.12% of LXP Industrial Trust worth $2,952,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC grew its stake in LXP Industrial Trust by 1.3% in the third quarter. Geode Capital Management LLC now owns 7,388,828 shares of the real estate investment trust's stock worth $74,271,000 after purchasing an additional 92,409 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in LXP Industrial Trust by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,285,807 shares of the real estate investment trust's stock worth $53,122,000 after purchasing an additional 209,718 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of LXP Industrial Trust by 11.1% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,103,414 shares of the real estate investment trust's stock valued at $25,200,000 after purchasing an additional 311,006 shares during the last quarter. Systematic Financial Management LP boosted its position in shares of LXP Industrial Trust by 14.3% in the 3rd quarter. Systematic Financial Management LP now owns 2,673,501 shares of the real estate investment trust's stock worth $26,869,000 after purchasing an additional 334,029 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of LXP Industrial Trust by 3.9% in the 3rd quarter. Wellington Management Group LLP now owns 2,650,679 shares of the real estate investment trust's stock worth $26,639,000 after buying an additional 98,437 shares during the last quarter. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

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LXP Industrial Trust Stock Up 0.8 %

Shares of NYSE:LXP traded up $0.07 during trading on Tuesday, reaching $8.71. 1,698,110 shares of the stock traded hands, compared to its average volume of 2,120,522. LXP Industrial Trust has a 52-week low of $7.65 and a 52-week high of $10.56. The stock has a market cap of $2.57 billion, a P/E ratio of 66.97 and a beta of 0.89. The stock has a 50-day moving average of $8.30 and a two-hundred day moving average of $9.21. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.16 and a current ratio of 0.16.

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

Analysts Set New Price Targets

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

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.