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

Nicola Wealth Management LTD. trimmed its holdings in shares of LXP Industrial Trust (NYSE:LXP) by 17.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 83,031 shares of the real estate investment trust’s stock after selling 17,400 shares during the quarter. Nicola Wealth Management LTD.’s holdings in LXP Industrial Trust were worth $674,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of LXP. Geode Capital Management LLC increased its holdings in shares of LXP Industrial Trust by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 7,388,828 shares of the real estate investment trust’s stock valued at $74,271,000 after acquiring an additional 92,409 shares during the last quarter. Aew Capital Management L P boosted its position in LXP Industrial Trust by 72.5% during 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 purchasing an additional 2,445,084 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in LXP Industrial Trust by 0.9% during the fourth 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 purchasing an additional 46,050 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in shares of LXP Industrial Trust by 11.1% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,103,414 shares of the real estate investment trust’s stock valued at $25,200,000 after purchasing an additional 311,006 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of LXP Industrial Trust by 0.9% in the fourth quarter. Bank of New York Mellon Corp now owns 2,762,226 shares of the real estate investment trust’s stock worth $22,429,000 after buying an additional 25,784 shares during the last quarter. 93.52% of the stock is currently owned by institutional investors.

LXP Industrial Trust Stock Performance

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. The stock’s 50 day moving average price is $8.34 and its two-hundred day moving average price is $9.18. The firm has a market capitalization of $2.67 billion, a P/E ratio of 69.54 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.

LXP Industrial Trust (NYSE:LXP) last announced its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $84.57 million. On average, equities analysts forecast that LXP Industrial Trust will post 0.63 earnings per share for the current year.

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 analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $11.33.

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.