LXP Industrial Trust (NYSE:LXP) Shares Sold by MQS Management LLC

MQS Management LLC lowered its position in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 61.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 18,638 shares of the real estate investment trust's stock after selling 29,717 shares during the quarter. LXP Industrial Trust comprises about 4.3% of MQS Management LLC's portfolio, making the stock its 15th largest position. MQS Management LLC's holdings in LXP Industrial Trust were worth $151,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC purchased a new position in shares of LXP Industrial Trust during the fourth quarter worth $83,000. Wealth Advisory Solutions LLC purchased a new position in shares of LXP Industrial Trust during the 4th quarter valued at about $91,000. First Hawaiian Bank acquired a new position in shares of LXP Industrial Trust in the 4th quarter valued at about $100,000. KBC Group NV lifted its holdings in shares of LXP Industrial Trust by 32.7% in the 3rd 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. Finally, Atria Investments Inc purchased a new stake in shares of LXP Industrial Trust in the third quarter worth about $118,000. Hedge funds and other institutional investors own 93.52% of the company's stock.

Analysts Set New Price Targets

Separately, JMP Securities reiterated a "market perform" rating on shares of LXP Industrial Trust in a research report 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 MarketBeat, the company presently has an average rating of "Hold" and an average price target of $11.33.

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LXP Industrial Trust Stock Performance

LXP traded down $0.03 on Wednesday, reaching $9.14. The stock had a trading volume of 317,233 shares, compared to its average volume of 2,177,322. The business's 50-day moving average price is $8.45 and its two-hundred day moving average price is $9.14. 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 has a 12-month low of $7.65 and a 12-month high of $10.56. The company has a market cap of $2.70 billion, a P/E ratio of 70.27 and a beta of 0.89.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of ($0.02) by $0.18. The company had revenue of $100.85 million during the quarter, compared to analysts' expectations of $84.57 million. LXP Industrial Trust had a return on equity of 2.15% and a net margin of 12.40%. Sell-side analysts forecast that LXP Industrial Trust will post 0.63 earnings per share for the current year.

LXP Industrial Trust 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.