Kestra Investment Management LLC Purchases Shares of 20,795 LXP Industrial Trust (NYSE:LXP)

Kestra Investment Management LLC purchased a new stake in LXP Industrial Trust (NYSE:LXP) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 20,795 shares of the real estate investment trust’s stock, valued at approximately $169,000.

Several other large investors also recently made changes to their positions in LXP. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in LXP Industrial Trust by 340.6% in the 3rd 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 purchasing an additional 1,710,867 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of LXP Industrial Trust by 16.5% in 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 purchasing an additional 395,798 shares during the period. Quest Partners LLC lifted its holdings in shares of LXP Industrial Trust by 3,160.1% in the third quarter. Quest Partners LLC now owns 382,769 shares of the real estate investment trust’s stock valued at $3,847,000 after purchasing an additional 371,028 shares in the last quarter. Systematic Financial Management LP boosted its position in shares of LXP Industrial Trust by 14.3% during the third quarter. Systematic Financial Management LP now owns 2,673,501 shares of the real estate investment trust’s stock worth $26,869,000 after buying an additional 334,029 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd boosted its position in shares of LXP Industrial Trust by 1,802.2% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 313,887 shares of the real estate investment trust’s stock worth $3,155,000 after buying 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 reissued a “market perform” rating on shares of LXP Industrial Trust in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, LXP Industrial Trust presently has a consensus rating of “Hold” and a consensus price target of $11.33.

LXP Industrial Trust Stock Up 1.0 %

LXP Industrial Trust stock opened at $8.63 on Friday. The company has a fifty day simple moving average of $8.31 and a 200 day simple moving average of $9.23. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.21. LXP Industrial Trust has a 1-year low of $7.65 and a 1-year high of $10.56. The company has a market cap of $2.55 billion, a P/E ratio of 66.35 and a beta of 0.89.

LXP Industrial Trust (NYSE:LXP) last announced its quarterly earnings data 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 return on equity of 2.15% and a net margin of 12.40%. The company had revenue of $100.85 million during the quarter, compared to analysts’ expectations of $84.57 million. Research analysts anticipate 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.