Charles Schwab Investment Management Inc. Has $43.30 Million Stock Position in LXP Industrial Trust (NYSE:LXP)

Charles Schwab Investment Management Inc. lifted its stake in LXP Industrial Trust (NYSE:LXP) by 0.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,331,857 shares of the real estate investment trust’s stock after purchasing an additional 46,050 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.81% of LXP Industrial Trust worth $43,295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Aew Capital Management L P grew its stake in shares of LXP Industrial Trust by 72.5% in the fourth quarter. Aew Capital Management L P now owns 5,815,781 shares of the real estate investment trust’s stock worth $47,224,000 after acquiring an additional 2,445,084 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in 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 worth $22,242,000 after purchasing an additional 1,710,867 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in 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 worth $28,064,000 after purchasing an additional 395,798 shares during the last quarter. Quest Partners LLC grew its position in shares of LXP Industrial Trust by 3,160.1% during the 3rd quarter. Quest Partners LLC now owns 382,769 shares of the real estate investment trust’s stock worth $3,847,000 after buying an additional 371,028 shares during the period. Finally, Systematic Financial Management LP grew its position in shares of LXP Industrial Trust by 14.3% during the 3rd quarter. Systematic Financial Management LP now owns 2,673,501 shares of the real estate investment trust’s stock worth $26,869,000 after buying an additional 334,029 shares during the period. Institutional investors own 93.52% of the company’s stock.

LXP Industrial Trust Stock Performance

Shares of LXP stock opened at $9.08 on Friday. The business’s 50-day moving average price is $8.51 and its 200-day moving average price is $9.13. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 69.81 and a beta of 0.89. LXP Industrial Trust has a 12 month low of $7.65 and a 12 month high of $10.57.

LXP Industrial Trust (NYSE:LXP) last issued its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.18. The firm had revenue of $100.85 million for the quarter, compared to analyst estimates of $84.57 million. LXP Industrial Trust had a return on equity of 2.15% and a net margin of 12.40%. Equities research analysts forecast that LXP Industrial Trust will post 0.63 EPS for the current year.

Analysts Set New Price Targets

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

LXP Industrial Trust 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.