Pacer Advisors Inc. Sells 138,796 Shares of LXP Industrial Trust (NYSE:LXP)

Pacer Advisors Inc. reduced its holdings in LXP Industrial Trust (NYSE:LXP - Free Report) by 39.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 214,537 shares of the real estate investment trust's stock after selling 138,796 shares during the quarter. Pacer Advisors Inc. owned 0.07% of LXP Industrial Trust worth $1,742,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. lifted its position in shares of LXP Industrial Trust by 0.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 366,100 shares of the real estate investment trust's stock valued at $3,679,000 after acquiring an additional 1,100 shares in the last quarter. HighTower Advisors LLC raised its position in shares of LXP Industrial Trust by 2.6% during the third quarter. HighTower Advisors LLC now owns 52,755 shares of the real estate investment trust's stock valued at $530,000 after buying an additional 1,333 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of LXP Industrial Trust by 81.1% during the 3rd quarter. GAMMA Investing LLC now owns 3,421 shares of the real estate investment trust's stock worth $34,000 after acquiring an additional 1,532 shares during the period. Vert Asset Management LLC boosted its stake in LXP Industrial Trust by 1.6% in the 3rd quarter. Vert Asset Management LLC now owns 120,140 shares of the real estate investment trust's stock valued at $1,207,000 after buying an additional 1,874 shares in the last quarter. Finally, Inspire Investing LLC grew its stake in LXP Industrial Trust by 5.7% during the third quarter. Inspire Investing LLC now owns 40,936 shares of the real estate investment trust's stock worth $411,000 after buying an additional 2,209 shares during the last quarter. Institutional investors own 93.52% of the company's stock.

Analyst Upgrades and Downgrades

Separately, JMP Securities restated a "market perform" rating on shares of LXP Industrial Trust in a research report on Friday, December 20th. One 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, LXP Industrial Trust has an average rating of "Hold" and a consensus target price of $11.33.

LXP Industrial Trust Trading Up 0.4 %

Shares of NYSE:LXP traded up $0.04 during mid-day trading on Wednesday, reaching $8.36. The stock had a trading volume of 1,486,242 shares, compared to its average volume of 2,131,402. The firm has a 50 day simple moving average of $8.51 and a two-hundred day simple moving average of $9.37. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.21. The firm has a market cap of $2.46 billion, a PE ratio of 139.27 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.

LXP Industrial Trust 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.