Hudson Edge Investment Partners Inc. lifted its stake in LXP Industrial Trust (NYSE:LXP - Free Report) by 143.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 78,884 shares of the real estate investment trust's stock after buying an additional 46,433 shares during the quarter. Hudson Edge Investment Partners Inc.'s holdings in LXP Industrial Trust were worth $641,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in LXP Industrial Trust by 340.6% in the 3rd 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 worth $22,242,000 after purchasing an additional 1,710,867 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of LXP Industrial Trust by 16.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,792,408 shares of the real estate investment trust's stock worth $28,064,000 after purchasing an additional 395,798 shares during the last quarter. Natixis Advisors LLC lifted its position in shares of LXP Industrial Trust by 171.9% in the third quarter. Natixis Advisors LLC now owns 239,232 shares of the real estate investment trust's stock worth $2,404,000 after buying an additional 151,253 shares in the last quarter. Jane Street Group LLC boosted its stake in LXP Industrial Trust by 101.3% during the third quarter. Jane Street Group LLC now owns 546,430 shares of the real estate investment trust's stock valued at $5,492,000 after buying an additional 274,933 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in LXP Industrial Trust by 44.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 199,612 shares of the real estate investment trust's stock valued at $2,006,000 after buying an additional 61,387 shares in the last quarter. Institutional investors own 93.52% of the company's stock.
LXP Industrial Trust Trading Down 0.5 %
Shares of NYSE:LXP traded down $0.04 during trading on Wednesday, reaching $8.67. The company's stock had a trading volume of 1,270,268 shares, compared to its average volume of 2,097,542. The stock has a market capitalization of $2.56 billion, a PE ratio of 66.70 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 current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.21. The firm's 50 day simple moving average is $8.29 and its two-hundred day simple moving average is $9.20.
LXP Industrial Trust (NYSE:LXP - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.16 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 company had revenue of $100.85 million during the quarter, compared to analyst estimates of $84.57 million. On average, research analysts predict that LXP Industrial Trust will post 0.63 EPS for the current fiscal year.
Analysts Set New Price Targets
Separately, JMP Securities reaffirmed a "market perform" rating on shares of LXP Industrial Trust in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $11.33.
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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.
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