Victory Capital Management Inc. Decreases Stake in LXP Industrial Trust (NYSE:LXP)

Victory Capital Management Inc. cut its holdings in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 10.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,589,340 shares of the real estate investment trust's stock after selling 292,818 shares during the quarter. Victory Capital Management Inc. owned about 0.88% of LXP Industrial Trust worth $21,025,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Van ECK Associates Corp grew its position in shares of LXP Industrial Trust by 12.3% in the third quarter. Van ECK Associates Corp now owns 49,952 shares of the real estate investment trust's stock valued at $486,000 after purchasing an additional 5,483 shares in the last quarter. Atria Investments Inc purchased a new stake in LXP Industrial Trust in the 3rd quarter valued at $118,000. Wolverine Asset Management LLC increased its stake in shares of LXP Industrial Trust by 32.4% in the 3rd quarter. Wolverine Asset Management LLC now owns 219,147 shares of the real estate investment trust's stock worth $2,202,000 after acquiring an additional 53,635 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in shares of LXP Industrial Trust by 1,802.2% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 313,887 shares of the real estate investment trust's stock worth $3,155,000 after acquiring an additional 297,386 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in shares of LXP Industrial Trust by 16.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,792,408 shares of the real estate investment trust's stock valued at $28,064,000 after acquiring an additional 395,798 shares during the last quarter. Institutional investors and hedge funds own 93.52% of the company's stock.

LXP Industrial Trust Price Performance

Shares of LXP opened at $9.16 on Wednesday. The firm has a 50-day simple moving average of $8.45 and a two-hundred day simple moving average of $9.14. The stock has a market cap of $2.71 billion, a PE ratio of 70.43 and a beta of 0.89. LXP Industrial Trust has a 1-year low of $7.65 and a 1-year high of $10.56. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.16 and a quick ratio of 0.16.

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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 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.18. LXP Industrial Trust had a net margin of 12.40% and a return on equity of 2.15%. The firm had revenue of $100.85 million during the quarter, compared to the consensus estimate of $84.57 million. As a group, analysts forecast that LXP Industrial Trust will post 0.63 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, JMP Securities restated a "market perform" rating on shares of LXP Industrial Trust in a research report on Friday, February 14th. 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 stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $11.33.

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.

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