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

Wealth Advisory Solutions LLC bought a new stake in shares of LXP Industrial Trust (NYSE:LXP) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 11,240 shares of the real estate investment trust’s stock, valued at approximately $91,000.

Other institutional investors also recently modified their holdings of the company. Aew Capital Management L P increased its stake in LXP Industrial Trust by 72.5% in the fourth quarter. Aew Capital Management L P now owns 5,815,781 shares of the real estate investment trust’s stock valued at $47,224,000 after purchasing an additional 2,445,084 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position 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 valued at $22,242,000 after buying an additional 1,710,867 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake 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 buying an additional 395,798 shares during the period. Quest Partners LLC boosted its holdings in 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 worth $3,847,000 after acquiring an additional 371,028 shares in the last quarter. Finally, Systematic Financial Management LP boosted its holdings in LXP Industrial Trust by 14.3% in 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 acquiring an additional 334,029 shares in the last quarter. Institutional investors and hedge funds own 93.52% of the company’s stock.

LXP Industrial Trust Price Performance

Shares of NYSE LXP opened at $9.04 on Wednesday. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of 69.51 and a beta of 0.89. 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 has a fifty-two week low of $7.65 and a fifty-two week high of $10.56. The firm’s 50-day simple moving average is $8.35 and its 200 day simple moving average is $9.17.

LXP Industrial Trust (NYSE:LXP) last posted its earnings results on Thursday, February 13th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $84.57 million. As a group, 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 reiterated a “market perform” rating on shares of LXP Industrial Trust in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target 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.