Mirae Asset Global Investments Co. Ltd. Has $68,000 Stock Holdings in LXP Industrial Trust (NYSE:LXP)

Mirae Asset Global Investments Co. Ltd. lowered its position in shares of LXP Industrial Trust (NYSE:LXP) by 28.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,214 shares of the real estate investment trust’s stock after selling 3,210 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in LXP Industrial Trust were worth $68,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of LXP. GAMMA Investing LLC raised its position in shares of LXP Industrial Trust by 81.1% in the third quarter. GAMMA Investing LLC now owns 3,421 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 1,532 shares in the last quarter. KBC Group NV increased its stake 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 worth $102,000 after acquiring an additional 2,504 shares during the period. Atria Investments Inc acquired a new position in LXP Industrial Trust in the third quarter valued at about $118,000. Blue Trust Inc. lifted its position in LXP Industrial Trust by 291.7% during the third quarter. Blue Trust Inc. now owns 12,291 shares of the real estate investment trust’s stock worth $124,000 after purchasing an additional 9,153 shares during the period. Finally, First Hawaiian Bank acquired a new stake in LXP Industrial Trust during the fourth quarter worth about $100,000. Institutional investors own 93.52% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JMP Securities reaffirmed a “market perform” rating on shares of LXP Industrial Trust in a report on Friday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $11.33.

LXP Industrial Trust Price Performance

Shares of LXP stock opened at $8.49 on Friday. LXP Industrial Trust has a twelve month low of $7.65 and a twelve month high of $10.56. 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 business has a fifty day simple moving average of $8.37 and a 200 day simple moving average of $9.28. The company has a market cap of $2.50 billion, a P/E ratio of 141.46 and a beta of 0.89.

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 for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.18. LXP Industrial Trust had a net margin of 7.64% and a return on equity of 1.24%. On average, sell-side analysts forecast that LXP Industrial Trust will post 0.63 EPS for the current fiscal 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.