State of New Jersey Common Pension Fund D grew its holdings in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 18.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 228,916 shares of the real estate investment trust's stock after acquiring an additional 36,336 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.08% of LXP Industrial Trust worth $1,859,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in LXP. Rhumbline Advisers increased its position in LXP Industrial Trust by 0.3% during the 4th quarter. Rhumbline Advisers now owns 946,380 shares of the real estate investment trust's stock worth $7,685,000 after purchasing an additional 2,543 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in shares of LXP Industrial Trust by 4.8% during the fourth quarter. Asset Management One Co. Ltd. now owns 536,975 shares of the real estate investment trust's stock worth $4,414,000 after buying an additional 24,375 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of LXP Industrial Trust by 10.2% during the fourth quarter. Van ECK Associates Corp now owns 55,054 shares of the real estate investment trust's stock worth $447,000 after buying an additional 5,102 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of LXP Industrial Trust by 11.1% in the 4th 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 acquiring an additional 311,006 shares during the last quarter. Finally, abrdn plc boosted its holdings in shares of LXP Industrial Trust by 37.0% during the 4th quarter. abrdn plc now owns 82,262 shares of the real estate investment trust's stock valued at $672,000 after acquiring an additional 22,221 shares in the last quarter. Institutional investors own 93.52% of the company's stock.
LXP Industrial Trust Trading Up 1.7 %
NYSE LXP traded up $0.15 on Friday, reaching $8.96. The company had a trading volume of 4,658,630 shares, compared to its average volume of 2,146,255. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of 68.93 and a beta of 0.89. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.16 and a quick ratio of 0.16. LXP Industrial Trust has a fifty-two week low of $7.65 and a fifty-two week high of $10.56. The business has a 50 day moving average of $8.31 and a two-hundred day moving average of $9.19.
LXP Industrial Trust (NYSE:LXP - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.18. The company had revenue of $100.85 million during the quarter, compared to analysts' expectations of $84.57 million. LXP Industrial Trust had a return on equity of 2.15% and a net margin of 12.40%. Analysts forecast that LXP Industrial Trust will post 0.63 EPS for the current year.
Wall Street Analysts Forecast Growth
Separately, JMP Securities reissued 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 issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, LXP Industrial Trust presently has a consensus rating of "Hold" and an average target price of $11.33.
Read Our Latest Report on LXP Industrial Trust
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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