Choreo LLC Decreases Holdings in LXP Industrial Trust (NYSE:LXP)

Choreo LLC lowered its position in LXP Industrial Trust (NYSE:LXP) by 72.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,151 shares of the real estate investment trust’s stock after selling 32,004 shares during the quarter. Choreo LLC’s holdings in LXP Industrial Trust were worth $99,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Nomura Asset Management Co. Ltd. raised its stake in shares of LXP Industrial Trust by 0.3% during 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 acquiring an additional 1,100 shares during the last quarter. HighTower Advisors LLC raised its position in LXP Industrial Trust by 2.6% during the 3rd 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. Creative Planning raised its position in LXP Industrial Trust by 4.8% during the 3rd quarter. Creative Planning now owns 50,198 shares of the real estate investment trust’s stock valued at $504,000 after purchasing an additional 2,303 shares during the last quarter. KBC Group NV lifted its holdings in LXP Industrial Trust by 32.7% in the 3rd quarter. KBC Group NV now owns 10,170 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 2,504 shares during the period. Finally, Blue Trust Inc. grew its position in shares of LXP Industrial Trust by 22.8% in the 4th quarter. Blue Trust Inc. now owns 15,089 shares of the real estate investment trust’s stock worth $123,000 after buying an additional 2,798 shares during the last quarter. 93.52% of the stock is currently owned by institutional investors.

LXP Industrial Trust Stock Down 0.7 %

NYSE:LXP opened at $8.49 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.12 and a current ratio of 0.12. The firm has a market cap of $2.50 billion, a P/E ratio of 141.46 and a beta of 0.89. LXP Industrial Trust has a fifty-two week low of $7.65 and a fifty-two week high of $10.56. The firm has a 50-day simple moving average of $8.36 and a two-hundred day simple moving average of $9.26.

LXP Industrial Trust (NYSE:LXP) last announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.16 earnings per share (EPS) 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%. The firm had revenue of $100.85 million for the quarter, compared to the consensus estimate of $84.57 million. Analysts predict that LXP Industrial Trust will post 0.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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