Kestra Investment Management LLC Invests $169,000 in LXP Industrial Trust (NYSE:LXP)

Kestra Investment Management LLC purchased a new stake in shares of LXP Industrial Trust (NYSE:LXP) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,795 shares of the real estate investment trust’s stock, valued at approximately $169,000.

Several other hedge funds have also added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of 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 buying an additional 1,710,867 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in 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 worth $28,064,000 after acquiring an additional 395,798 shares during the period. Quest Partners LLC raised its position in shares of LXP Industrial Trust by 3,160.1% during the 3rd quarter. Quest Partners LLC now owns 382,769 shares of the real estate investment trust’s stock valued at $3,847,000 after acquiring an additional 371,028 shares during the last quarter. Systematic Financial Management LP raised its position in shares of LXP Industrial Trust by 14.3% during the 3rd quarter. Systematic Financial Management LP now owns 2,673,501 shares of the real estate investment trust’s stock valued at $26,869,000 after acquiring an additional 334,029 shares during the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd lifted its stake in shares of LXP Industrial Trust by 1,802.2% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 313,887 shares of the real estate investment trust’s stock valued at $3,155,000 after purchasing an additional 297,386 shares during the period. Institutional investors own 93.52% of the company’s stock.

Analysts Set New Price Targets

Separately, JMP Securities reaffirmed a “market perform” rating on shares of LXP Industrial Trust in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $11.33.

LXP Industrial Trust Stock Up 1.0 %

Shares of NYSE LXP opened at $8.63 on Friday. The firm has a 50 day moving average price of $8.31 and a 200 day moving average price of $9.23. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.16 and a current ratio of 0.16. The stock has a market cap of $2.55 billion, a P/E ratio of 66.35 and a beta of 0.89. LXP Industrial Trust has a 52-week low of $7.65 and a 52-week high of $10.56.

LXP Industrial Trust (NYSE:LXP) last announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.16 earnings per share (EPS) 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 analyst estimates of $84.57 million. LXP Industrial Trust had a net margin of 12.40% and a return on equity of 2.15%. Analysts expect that LXP Industrial Trust will post 0.63 EPS for the current year.

LXP Industrial Trust Company 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.