Metis Global Partners LLC Has $274,000 Position in LXP Industrial Trust (NYSE:LXP)

Metis Global Partners LLC grew its stake in shares of LXP Industrial Trust (NYSE:LXP) by 11.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 33,759 shares of the real estate investment trust’s stock after buying an additional 3,448 shares during the period. Metis Global Partners LLC’s holdings in LXP Industrial Trust were worth $274,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position 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 valued at $22,242,000 after buying an additional 1,710,867 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in shares of LXP Industrial Trust by 16.5% during the third 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 buying an additional 395,798 shares during the last quarter. Natixis Advisors LLC raised its position in shares of LXP Industrial Trust by 171.9% during the third quarter. Natixis Advisors LLC now owns 239,232 shares of the real estate investment trust’s stock valued at $2,404,000 after buying an additional 151,253 shares during the last quarter. Jane Street Group LLC raised its position in shares of LXP Industrial Trust by 101.3% during the third quarter. Jane Street Group LLC now owns 546,430 shares of the real estate investment trust’s stock valued at $5,492,000 after buying an additional 274,933 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D raised its position in LXP Industrial Trust by 18.9% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 228,916 shares of the real estate investment trust’s stock worth $1,859,000 after purchasing an additional 36,336 shares in the last quarter. Institutional investors and hedge funds own 93.52% of the company’s stock.

LXP Industrial Trust Stock Performance

NYSE:LXP opened at $9.18 on Friday. LXP Industrial Trust has a 12-month low of $7.65 and a 12-month high of $10.56. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $2.71 billion, a PE ratio of 70.58 and a beta of 0.89. The firm has a 50-day moving average price of $8.39 and a 200 day moving average price of $9.17.

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, topping the consensus estimate of ($0.02) by $0.18. The firm 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%. Research analysts anticipate that LXP Industrial Trust will post 0.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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 given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, LXP Industrial Trust currently has an average rating of “Hold” and a consensus target price 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.