Sumitomo Mitsui Trust Group Inc. Raises Position in LXP Industrial Trust (NYSE:LXP)

Sumitomo Mitsui Trust Group Inc. lifted its position in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 11.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,103,414 shares of the real estate investment trust's stock after purchasing an additional 311,006 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 1.05% of LXP Industrial Trust worth $25,200,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in shares of LXP Industrial Trust by 81.1% in the third quarter. GAMMA Investing LLC now owns 3,421 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 1,532 shares during the last quarter. First Hawaiian Bank bought a new position in shares of LXP Industrial Trust in the fourth quarter worth about $100,000. KBC Group NV boosted its stake in shares of LXP Industrial Trust by 32.7% in the third quarter. KBC Group NV now owns 10,170 shares of the real estate investment trust's stock worth $102,000 after acquiring an additional 2,504 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of LXP Industrial Trust by 34.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,424 shares of the real estate investment trust's stock worth $116,000 after acquiring an additional 2,948 shares during the period. Finally, Atria Investments Inc purchased a new stake in shares of LXP Industrial Trust in the third quarter worth about $118,000. 93.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, JMP Securities reiterated a "market perform" rating on shares of LXP Industrial Trust in a research report on Friday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, LXP Industrial Trust presently has a consensus rating of "Hold" and a consensus target price of $11.33.

LXP Industrial Trust Trading Down 0.7 %

LXP stock traded down $0.06 during midday trading on Friday, reaching $8.49. 1,946,249 shares of the company traded hands, compared to its average volume of 1,942,581. LXP Industrial Trust has a 52-week low of $7.65 and a 52-week high of $10.56. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.12 and a current ratio of 0.12. The business has a 50 day moving average of $8.36 and a 200-day moving average of $9.26. The firm has a market capitalization of $2.50 billion, a price-to-earnings ratio of 141.46 and a beta of 0.89.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.02) by $0.18. LXP Industrial Trust had a return on equity of 1.24% and a net margin of 7.64%. The business had revenue of $100.85 million for the quarter, compared to the consensus estimate of $84.57 million. As a group, sell-side analysts expect that LXP Industrial Trust will post 0.63 earnings per share 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.