Fisher Asset Management LLC Cuts Stake in LXP Industrial Trust (NYSE:LXP)

Fisher Asset Management LLC lowered its position in shares of LXP Industrial Trust (NYSE:LXP) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,306,442 shares of the real estate investment trust’s stock after selling 108,136 shares during the quarter. Fisher Asset Management LLC’s holdings in LXP Industrial Trust were worth $18,728,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. raised its position in LXP Industrial Trust by 0.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 366,100 shares of the real estate investment trust’s stock worth $3,679,000 after buying 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 worth $530,000 after buying an additional 1,333 shares during the last quarter. CIBC Asset Management Inc raised its position in LXP Industrial Trust by 4.9% during the 4th quarter. CIBC Asset Management Inc now owns 29,220 shares of the real estate investment trust’s stock worth $237,000 after buying an additional 1,365 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 worth $504,000 after buying an additional 2,303 shares during the last quarter. Finally, KBC Group NV raised its position 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 buying an additional 2,504 shares during the last quarter. Hedge funds and other institutional investors own 93.52% of the company’s stock.

Analyst Ratings Changes

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 company. According to MarketBeat.com, LXP Industrial Trust presently has an average rating of “Hold” and a consensus price target of $11.33.

LXP Industrial Trust Stock Performance

NYSE:LXP opened at $9.04 on Tuesday. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.21. LXP Industrial Trust has a fifty-two week low of $7.65 and a fifty-two week high of $10.56. The stock has a market cap of $2.67 billion, a PE ratio of 69.54 and a beta of 0.89. The firm’s fifty day simple moving average is $8.34 and its 200-day simple moving average is $9.18.

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, topping analysts’ consensus estimates 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 business had revenue of $100.85 million for the quarter, compared to analysts’ expectations of $84.57 million. Analysts expect that LXP Industrial Trust will post 0.63 earnings per share 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.