State of New Jersey Common Pension Fund D Raises Stock Holdings in LXP Industrial Trust (NYSE:LXP)

State of New Jersey Common Pension Fund D grew its position in shares of LXP Industrial Trust (NYSE:LXP) by 18.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 228,916 shares of the real estate investment trust’s stock after acquiring an additional 36,336 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in LXP Industrial Trust were worth $1,859,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of LXP. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in LXP Industrial Trust by 340.6% during the third 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 valued at $22,242,000 after purchasing an additional 1,710,867 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of LXP Industrial Trust by 16.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,792,408 shares of the real estate investment trust’s stock valued at $28,064,000 after acquiring an additional 395,798 shares during the last quarter. Quest Partners LLC grew its position in LXP Industrial Trust by 3,160.1% in the third quarter. Quest Partners LLC now owns 382,769 shares of the real estate investment trust’s stock worth $3,847,000 after acquiring an additional 371,028 shares in the last quarter. Systematic Financial Management LP increased its stake in LXP Industrial Trust by 14.3% during the third quarter. Systematic Financial Management LP now owns 2,673,501 shares of the real estate investment trust’s stock worth $26,869,000 after acquiring an additional 334,029 shares during the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd raised its position in LXP Industrial Trust by 1,802.2% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 313,887 shares of the real estate investment trust’s stock valued at $3,155,000 after purchasing an additional 297,386 shares during the period. 93.52% of the stock is owned by hedge funds and other institutional investors.

LXP Industrial Trust Price Performance

LXP stock opened at $8.64 on Tuesday. The stock has a market cap of $2.56 billion, a PE ratio of 66.49 and a beta of 0.89. LXP Industrial Trust has a 12 month low of $7.65 and a 12 month high of $10.56. The company has a 50-day moving average price of $8.30 and a 200 day moving average price of $9.21. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.21.

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

Wall Street Analysts Forecast Growth

Separately, JMP Securities reiterated a “market perform” rating on shares of LXP Industrial Trust in a report on Friday, February 14th. One investment 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. Based on data from MarketBeat.com, the stock 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.