AlphaQuest LLC cut its holdings in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 83.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 62,474 shares of the real estate investment trust's stock after selling 320,295 shares during the period. AlphaQuest LLC's holdings in LXP Industrial Trust were worth $507,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in LXP. Van ECK Associates Corp increased its stake in shares of LXP Industrial Trust by 12.3% during the third quarter. Van ECK Associates Corp now owns 49,952 shares of the real estate investment trust's stock valued at $486,000 after buying an additional 5,483 shares during the period. Atria Investments Inc purchased a new position in shares of LXP Industrial Trust during the third quarter valued at approximately $118,000. OVERSEA CHINESE BANKING Corp Ltd increased its stake in shares of 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 buying an additional 297,386 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of LXP Industrial Trust by 16.5% during the third 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 buying an additional 395,798 shares during the period. Finally, KBC Group NV increased its stake in shares of LXP Industrial Trust by 32.7% during the third quarter. KBC Group NV now owns 10,170 shares of the real estate investment trust's stock valued at $102,000 after buying an additional 2,504 shares during the period. 93.52% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, JMP Securities reaffirmed 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 assigned a buy rating to the company. According to data from MarketBeat.com, LXP Industrial Trust currently has an average rating of "Hold" and an average target price of $11.33.
View Our Latest Research Report on LXP Industrial Trust
LXP Industrial Trust Price Performance
Shares of LXP stock opened at $9.14 on Thursday. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of 70.27 and a beta of 0.89. The business's fifty day moving average is $8.47 and its 200 day moving average is $9.14. LXP Industrial Trust has a twelve month low of $7.65 and a twelve month high of $10.56. 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 (NYSE:LXP - Get Free Report) last issued its quarterly earnings results 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. LXP Industrial Trust had a return on equity of 2.15% and a net margin of 12.40%. The company had revenue of $100.85 million for the quarter, compared to analysts' expectations of $84.57 million. Research analysts expect that LXP Industrial Trust will post 0.63 EPS for the current fiscal year.
LXP Industrial Trust Profile
(
Free Report)
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.
See Also
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