MQS Management LLC Sells 29,717 Shares of LXP Industrial Trust (NYSE:LXP)

MQS Management LLC cut its position in LXP Industrial Trust (NYSE:LXP) by 61.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,638 shares of the real estate investment trust’s stock after selling 29,717 shares during the quarter. LXP Industrial Trust accounts for about 4.3% of MQS Management LLC’s holdings, making the stock its 15th biggest holding. MQS Management LLC’s holdings in LXP Industrial Trust were worth $151,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Geode Capital Management LLC increased its stake in shares of LXP Industrial Trust by 1.3% in the third 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 buying an additional 92,409 shares during the period. Aew Capital Management L P increased its stake in shares of LXP Industrial Trust by 72.5% in the fourth quarter. Aew Capital Management L P now owns 5,815,781 shares of the real estate investment trust’s stock valued at $47,224,000 after buying an additional 2,445,084 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of LXP Industrial Trust by 0.9% in 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 buying an additional 46,050 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake 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 buying an additional 311,006 shares during the period. Finally, Bank of New York Mellon Corp increased 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 valued at $22,429,000 after buying an additional 25,784 shares during the period. Institutional investors and hedge funds own 93.52% of the company’s stock.

Analyst Ratings Changes

Separately, JMP Securities reissued a “market perform” rating on shares of LXP Industrial Trust in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.33.

LXP Industrial Trust Trading Down 0.1 %

NYSE LXP opened at $9.16 on Monday. The business has a 50 day simple moving average of $8.41 and a 200 day simple moving average of $9.16. LXP Industrial Trust has a one year low of $7.65 and a one year high of $10.56. The stock has a market capitalization of $2.71 billion, a P/E ratio of 70.44 and a beta of 0.89. 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) last released its earnings results 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 return on equity of 2.15% and a net margin of 12.40%. The business had revenue of $100.85 million during the quarter, compared to analysts’ expectations of $84.57 million. Research analysts expect 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.