Wealth Advisory Solutions LLC Invests $91,000 in LXP Industrial Trust (NYSE:LXP)

Wealth Advisory Solutions LLC purchased a new position in shares of LXP Industrial Trust (NYSE:LXP) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 11,240 shares of the real estate investment trust’s stock, valued at approximately $91,000.

Other hedge funds have also bought and sold shares of the company. KBC Group NV increased its position in shares of LXP Industrial Trust by 32.7% during the 3rd quarter. KBC Group NV now owns 10,170 shares of the real estate investment trust’s stock valued at $102,000 after purchasing an additional 2,504 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of LXP Industrial Trust in the fourth quarter valued at approximately $83,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of LXP Industrial Trust by 34.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,424 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 2,948 shares in the last quarter. Atria Investments Inc purchased a new stake in shares of LXP Industrial Trust during the third quarter worth $118,000. Finally, First Hawaiian Bank purchased a new position in shares of LXP Industrial Trust in the fourth quarter valued at $100,000. 93.52% of the stock is currently owned by institutional investors.

LXP Industrial Trust Trading Up 0.1 %

LXP stock opened at $9.04 on Wednesday. LXP Industrial Trust has a one year low of $7.65 and a one year high of $10.56. The company has a market capitalization of $2.67 billion, a PE ratio of 69.51 and a beta of 0.89. The company’s 50 day moving average price is $8.35 and its two-hundred day moving average price is $9.17. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.16 and a current ratio of 0.16.

LXP Industrial Trust (NYSE:LXP) last posted 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. LXP Industrial Trust had a net margin of 12.40% and a return on equity of 2.15%. The business had revenue of $100.85 million during the quarter, compared to analyst estimates of $84.57 million. As a group, analysts predict that LXP Industrial Trust will post 0.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reaffirmed a “market perform” rating on shares of LXP Industrial Trust in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $11.33.

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.