TCW Group Inc. Lowers Position in LXP Industrial Trust (NYSE:LXP)

TCW Group Inc. cut its holdings in shares of LXP Industrial Trust (NYSE:LXP - Free Report) by 75.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,846 shares of the real estate investment trust's stock after selling 75,512 shares during the quarter. TCW Group Inc.'s holdings in LXP Industrial Trust were worth $202,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Creative Planning increased its position in shares of LXP Industrial Trust by 4.8% in the 3rd quarter. Creative Planning now owns 50,198 shares of the real estate investment trust's stock valued at $504,000 after purchasing an additional 2,303 shares during the last quarter. Blue Trust Inc. grew its stake in shares of LXP Industrial Trust by 291.7% during the third quarter. Blue Trust Inc. now owns 12,291 shares of the real estate investment trust's stock worth $124,000 after purchasing an additional 9,153 shares in the last quarter. International Assets Investment Management LLC increased its holdings in LXP Industrial Trust by 845.1% in the third quarter. International Assets Investment Management LLC now owns 168,669 shares of the real estate investment trust's stock valued at $16,783,000 after buying an additional 150,822 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in LXP Industrial Trust by 34.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,424 shares of the real estate investment trust's stock valued at $116,000 after buying an additional 2,948 shares in the last quarter. Finally, abrdn plc raised its stake in LXP Industrial Trust by 10.2% in the third quarter. abrdn plc now owns 60,041 shares of the real estate investment trust's stock valued at $603,000 after buying an additional 5,582 shares in the last quarter. Hedge funds and other institutional investors own 93.52% of the company's stock.

LXP Industrial Trust Stock Performance

Shares of NYSE:LXP traded up $0.07 on Tuesday, reaching $8.71. The company's stock had a trading volume of 1,698,110 shares, compared to its average volume of 2,120,522. LXP Industrial Trust has a 52-week low of $7.65 and a 52-week high of $10.56. The stock has a market capitalization of $2.57 billion, a P/E ratio of 66.97 and a beta of 0.89. The stock's 50-day moving average is $8.30 and its two-hundred day moving average is $9.21. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.16 and a quick ratio of 0.16.

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 (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 analysts' expectations of $84.57 million. As a group, sell-side analysts forecast that LXP Industrial Trust will post 0.63 EPS for the current year.

Analysts Set New Price Targets

Separately, JMP Securities restated a "market perform" rating on shares of LXP Industrial Trust in a research note 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 issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price 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.