Nicola Wealth Management LTD. Has $674,000 Holdings in LXP Industrial Trust (NYSE:LXP)

Nicola Wealth Management LTD. cut its position in shares of LXP Industrial Trust (NYSE:LXP) by 17.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 83,031 shares of the real estate investment trust’s stock after selling 17,400 shares during the period. Nicola Wealth Management LTD.’s holdings in LXP Industrial Trust were worth $674,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of LXP. Charles Schwab Investment Management Inc. increased its holdings in LXP Industrial Trust by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,331,857 shares of the real estate investment trust’s stock valued at $43,295,000 after buying an additional 46,050 shares during the period. Aew Capital Management L P increased its stake in 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 valued at $47,224,000 after acquiring an additional 2,445,084 shares during the period. Metis Global Partners LLC increased its stake in LXP Industrial Trust by 11.4% in the fourth quarter. Metis Global Partners LLC now owns 33,759 shares of the real estate investment trust’s stock valued at $274,000 after acquiring an additional 3,448 shares during the period. Proficio Capital Partners LLC acquired a new position in LXP Industrial Trust in the fourth quarter worth about $83,000. Finally, Illinois Municipal Retirement Fund lifted its stake in LXP Industrial Trust by 1.9% during the fourth quarter. Illinois Municipal Retirement Fund now owns 161,651 shares of the real estate investment trust’s stock worth $1,313,000 after purchasing an additional 2,975 shares during the period. 93.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

LXP Industrial Trust Stock Up 0.9 %

Shares of NYSE:LXP opened at $9.04 on Tuesday. The company has a market capitalization of $2.67 billion, a PE ratio of 69.54 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. The company’s fifty day moving average is $8.34 and its 200-day moving average is $9.18. LXP Industrial Trust has a 52 week low of $7.65 and a 52 week high of $10.56.

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

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.