AlphaQuest LLC Cuts Stake in LXP Industrial Trust (NYSE:LXP)

AlphaQuest LLC reduced its stake in LXP Industrial Trust (NYSE:LXP) by 83.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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.

A number of other institutional investors have also recently modified their holdings of LXP. Proficio Capital Partners LLC purchased a new stake in shares of LXP Industrial Trust during the fourth quarter valued at $83,000. Wealth Advisory Solutions LLC purchased a new stake in shares of LXP Industrial Trust during the fourth quarter valued at $91,000. First Hawaiian Bank purchased a new stake in shares of LXP Industrial Trust during the fourth quarter valued at $100,000. KBC Group NV boosted its position 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 last quarter. Finally, Atria Investments Inc purchased a new stake in shares of LXP Industrial Trust during the third quarter valued at $118,000. 93.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, JMP Securities reaffirmed a “market perform” rating on shares of LXP Industrial Trust in a research report on Friday, February 14th. One investment 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $11.33.

LXP Industrial Trust Trading Down 0.3 %

Shares of NYSE:LXP opened at $9.14 on Thursday. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 70.27 and a beta of 0.89. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.16 and a current ratio of 0.16. The stock’s 50-day simple moving average is $8.47 and its two-hundred day simple moving average is $9.14. LXP Industrial Trust has a 52-week low of $7.65 and a 52-week high of $10.56.

LXP Industrial Trust (NYSE:LXP) last announced its earnings results on Thursday, February 13th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.18. The business had revenue of $100.85 million for 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%. Analysts expect that LXP Industrial Trust will post 0.63 EPS 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.