LXP Industrial Trust (NYSE:LXP) Shares Bought by Amundi

Amundi raised its stake in LXP Industrial Trust (NYSE:LXP) by 46.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 304,232 shares of the real estate investment trust’s stock after acquiring an additional 96,282 shares during the quarter. Amundi owned approximately 0.10% of LXP Industrial Trust worth $2,440,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. increased its stake in LXP Industrial Trust by 0.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 366,100 shares of the real estate investment trust’s stock valued at $3,679,000 after purchasing an additional 1,100 shares during the last quarter. HighTower Advisors LLC increased its stake in LXP Industrial Trust by 2.6% in the third quarter. HighTower Advisors LLC now owns 52,755 shares of the real estate investment trust’s stock valued at $530,000 after purchasing an additional 1,333 shares during the last quarter. CIBC Asset Management Inc increased its stake in LXP Industrial Trust by 4.9% in the fourth quarter. CIBC Asset Management Inc now owns 29,220 shares of the real estate investment trust’s stock valued at $237,000 after purchasing an additional 1,365 shares during the last quarter. KBC Group NV increased its stake in LXP Industrial Trust by 32.7% in the third 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. Finally, Rhumbline Advisers increased its stake in LXP Industrial Trust by 0.3% in the fourth quarter. Rhumbline Advisers now owns 946,380 shares of the real estate investment trust’s stock valued at $7,685,000 after purchasing an additional 2,543 shares during the last quarter. 93.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reiterated 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 given a buy rating to the stock. According to MarketBeat.com, LXP Industrial Trust currently has an average rating of “Hold” and a consensus target price of $11.33.

LXP Industrial Trust Trading Up 1.9 %

NYSE LXP opened at $9.08 on Monday. 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 one year low of $7.65 and a one year high of $10.57. The company’s 50 day moving average price is $8.51 and its 200 day moving average price is $9.12. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 69.81 and a beta of 0.89.

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 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 for the quarter, compared to analyst estimates of $84.57 million. On average, sell-side analysts predict 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.