Blue Trust Inc. Acquires 2,798 Shares of LXP Industrial Trust (NYSE:LXP)

Blue Trust Inc. raised its holdings in shares of LXP Industrial Trust (NYSE:LXP) by 22.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,089 shares of the real estate investment trust’s stock after purchasing an additional 2,798 shares during the quarter. Blue Trust Inc.’s holdings in LXP Industrial Trust were worth $123,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in LXP Industrial Trust by 81.1% during the 3rd quarter. GAMMA Investing LLC now owns 3,421 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 1,532 shares during the period. First Hawaiian Bank purchased a new stake in LXP Industrial Trust in the fourth quarter worth about $100,000. KBC Group NV increased its position in 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 period. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of LXP Industrial Trust by 34.8% in 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 purchasing an additional 2,948 shares in the last quarter. Finally, Atria Investments Inc bought a new position in shares of LXP Industrial Trust during the third quarter valued at approximately $118,000. 93.52% of the stock is owned by hedge funds and other institutional investors.

LXP Industrial Trust Stock Up 0.4 %

Shares of LXP Industrial Trust stock opened at $8.39 on Friday. LXP Industrial Trust has a 52-week low of $7.65 and a 52-week high of $10.56. The firm’s 50 day moving average price is $8.49 and its 200-day moving average price is $9.36. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.21. The company has a market cap of $2.47 billion, a P/E ratio of 139.77 and a beta of 0.89.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reiterated a “market perform” rating on shares of LXP Industrial Trust in a report on Friday, December 20th. One 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 company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target 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.