Sumitomo Mitsui Trust Group Inc. Raises Stock Holdings in LXP Industrial Trust (NYSE:LXP)

Sumitomo Mitsui Trust Group Inc. lifted its holdings in LXP Industrial Trust (NYSE:LXP) by 11.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,103,414 shares of the real estate investment trust’s stock after purchasing an additional 311,006 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 1.05% of LXP Industrial Trust worth $25,200,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. AQR Capital Management LLC grew its stake in shares of LXP Industrial Trust by 81.2% in the 2nd quarter. AQR Capital Management LLC now owns 46,156 shares of the real estate investment trust’s stock worth $421,000 after buying an additional 20,681 shares in the last quarter. GAMMA Investing LLC grew its position in LXP Industrial Trust by 81.1% in the third quarter. GAMMA Investing LLC now owns 3,421 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 1,532 shares in the last quarter. Inspire Investing LLC increased its stake in LXP Industrial Trust by 5.7% during the third quarter. Inspire Investing LLC now owns 40,936 shares of the real estate investment trust’s stock worth $411,000 after acquiring an additional 2,209 shares during the last quarter. Creative Planning raised its position in LXP Industrial Trust by 4.8% during the third quarter. Creative Planning now owns 50,198 shares of the real estate investment trust’s stock valued at $504,000 after purchasing an additional 2,303 shares during the period. Finally, Magnus Financial Group LLC lifted its stake in shares of LXP Industrial Trust by 3.5% in the 3rd quarter. Magnus Financial Group LLC now owns 102,436 shares of the real estate investment trust’s stock valued at $1,029,000 after purchasing an additional 3,428 shares during the last quarter. Institutional investors own 93.52% of the company’s stock.

LXP Industrial Trust Stock Up 2.0 %

Shares of NYSE LXP opened at $8.45 on Wednesday. LXP Industrial Trust has a 1 year low of $7.65 and a 1 year high of $10.56. The firm has a 50-day simple moving average of $8.42 and a two-hundred day simple moving average of $9.31. The company has a market cap of $2.49 billion, a P/E ratio of 140.77 and a beta of 0.89. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.12 and a quick ratio of 0.12.

Wall Street Analysts Forecast Growth

Separately, JMP Securities restated a “market perform” rating on shares of LXP Industrial Trust in a report on Friday, December 20th. 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, LXP Industrial Trust currently has an average rating of “Hold” and a consensus target price 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.