New York State Teachers Retirement System Sells 35,800 Shares of LXP Industrial Trust (NYSE:LXP)

New York State Teachers Retirement System trimmed its stake in LXP Industrial Trust (NYSE:LXP) by 9.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 363,530 shares of the real estate investment trust’s stock after selling 35,800 shares during the period. New York State Teachers Retirement System owned 0.12% of LXP Industrial Trust worth $2,952,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Asset Management One Co. Ltd. grew its stake in LXP Industrial Trust by 4.8% during the 4th quarter. Asset Management One Co. Ltd. now owns 536,975 shares of the real estate investment trust’s stock worth $4,414,000 after buying an additional 24,375 shares during the last quarter. Van ECK Associates Corp grew its stake in LXP Industrial Trust by 10.2% during the 4th quarter. Van ECK Associates Corp now owns 55,054 shares of the real estate investment trust’s stock worth $447,000 after buying an additional 5,102 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in LXP Industrial Trust by 11.1% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,103,414 shares of the real estate investment trust’s stock worth $25,200,000 after buying an additional 311,006 shares during the last quarter. abrdn plc grew its stake in LXP Industrial Trust by 37.0% during the 4th quarter. abrdn plc now owns 82,262 shares of the real estate investment trust’s stock worth $672,000 after buying an additional 22,221 shares during the last quarter. Finally, Vert Asset Management LLC grew its stake in LXP Industrial Trust by 8.3% during the 4th quarter. Vert Asset Management LLC now owns 130,062 shares of the real estate investment trust’s stock worth $1,056,000 after buying an additional 9,922 shares during the last quarter. 93.52% of the stock is owned by institutional investors.

LXP Industrial Trust Stock Up 0.2 %

LXP Industrial Trust stock opened at $8.65 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.16 and a current ratio of 0.16. The business’s 50-day simple moving average is $8.31 and its two-hundred day simple moving average is $9.23. The company has a market cap of $2.56 billion, a PE ratio of 66.51 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.

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 the consensus estimate of ($0.02) by $0.18. The business had revenue of $100.85 million for the quarter, compared to the consensus estimate of $84.57 million. LXP Industrial Trust had a return on equity of 2.15% and a net margin of 12.40%. Equities analysts anticipate that LXP Industrial Trust will post 0.63 EPS for the current year.

Wall Street Analyst Weigh In

Separately, JMP Securities restated a “market perform” rating on shares of LXP Industrial Trust in a research note on Friday, February 14th. One 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. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus 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.