CIBC Asset Management Inc Increases Position in LXP Industrial Trust (NYSE:LXP)

CIBC Asset Management Inc lifted its holdings in shares of LXP Industrial Trust (NYSE:LXP) by 4.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,220 shares of the real estate investment trust’s stock after acquiring an additional 1,365 shares during the quarter. CIBC Asset Management Inc’s holdings in LXP Industrial Trust were worth $237,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of LXP. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of LXP Industrial Trust by 340.6% during 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 acquiring an additional 1,710,867 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in shares of 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 valued at $28,064,000 after purchasing an additional 395,798 shares in the last quarter. Quest Partners LLC lifted its position in LXP Industrial Trust by 3,160.1% during the third quarter. Quest Partners LLC now owns 382,769 shares of the real estate investment trust’s stock valued at $3,847,000 after purchasing an additional 371,028 shares during the last quarter. Systematic Financial Management LP grew its stake in shares of LXP Industrial Trust by 14.3% during the third quarter. Systematic Financial Management LP now owns 2,673,501 shares of the real estate investment trust’s stock valued at $26,869,000 after buying an additional 334,029 shares during the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd increased its stake in shares of LXP Industrial Trust by 1,802.2% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 313,887 shares of the real estate investment trust’s stock valued at $3,155,000 after buying an additional 297,386 shares during the period. 93.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, JMP Securities reiterated a “market perform” rating on shares of LXP Industrial Trust in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $11.33.

LXP Industrial Trust Price Performance

Shares of NYSE LXP opened at $8.71 on Wednesday. LXP Industrial Trust has a fifty-two week low of $7.65 and a fifty-two week high of $10.56. The company has a 50 day simple moving average of $8.30 and a two-hundred day simple moving average of $9.21. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 66.97 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 (NYSE:LXP) last announced its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.16 EPS 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 company had revenue of $100.85 million for the quarter, compared to the consensus estimate of $84.57 million. Analysts expect 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.