Principal Financial Group Inc. grew its position in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,428,052 shares of the real estate investment trust's stock after buying an additional 40,686 shares during the period. Principal Financial Group Inc. owned approximately 0.48% of LXP Industrial Trust worth $11,596,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of LXP. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in LXP Industrial Trust by 340.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,213,117 shares of the real estate investment trust's stock worth $22,242,000 after acquiring an additional 1,710,867 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of LXP Industrial Trust by 16.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,792,408 shares of the real estate investment trust's stock worth $28,064,000 after purchasing an additional 395,798 shares during the period. Natixis Advisors LLC raised its position in shares of LXP Industrial Trust by 171.9% in the third quarter. Natixis Advisors LLC now owns 239,232 shares of the real estate investment trust's stock valued at $2,404,000 after buying an additional 151,253 shares in the last quarter. Jane Street Group LLC raised its position in shares of LXP Industrial Trust by 101.3% in the third quarter. Jane Street Group LLC now owns 546,430 shares of the real estate investment trust's stock valued at $5,492,000 after buying an additional 274,933 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its stake in shares of LXP Industrial Trust by 18.9% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 228,916 shares of the real estate investment trust's stock valued at $1,859,000 after buying an additional 36,336 shares during the period. Institutional investors and hedge funds own 93.52% of the company's stock.
LXP Industrial Trust Price Performance
Shares of NYSE:LXP traded up $0.08 during midday trading on Monday, hitting $9.04. The stock had a trading volume of 1,810,819 shares, compared to its average volume of 2,136,930. The company's 50-day moving average price is $8.32 and its 200-day moving average price is $9.18. LXP Industrial Trust has a fifty-two week low of $7.65 and a fifty-two week 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. The company has a market capitalization of $2.67 billion, a P/E ratio of 69.56 and a beta of 0.89.
LXP Industrial Trust (NYSE:LXP - Get Free Report) last released its earnings results on Thursday, February 13th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping 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 analysts' expectations of $84.57 million. As a group, equities research analysts predict that LXP Industrial Trust will post 0.63 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Separately, JMP Securities reaffirmed a "market perform" rating on shares of LXP Industrial Trust in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, LXP Industrial Trust currently has an average rating of "Hold" and a consensus target price of $11.33.
Check Out Our Latest Research Report on LXP
LXP Industrial Trust Profile
(
Free Report)
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.
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