Aew Capital Management L P Boosts Stock Position in LXP Industrial Trust (NYSE:LXP)

Aew Capital Management L P increased its position in shares of LXP Industrial Trust (NYSE:LXP) by 72.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,815,781 shares of the real estate investment trust’s stock after purchasing an additional 2,445,084 shares during the quarter. LXP Industrial Trust makes up approximately 2.3% of Aew Capital Management L P’s investment portfolio, making the stock its 14th largest position. Aew Capital Management L P owned about 1.97% of LXP Industrial Trust worth $47,224,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC purchased a new stake in shares of LXP Industrial Trust during the fourth quarter worth approximately $83,000. First Hawaiian Bank purchased a new stake in shares of LXP Industrial Trust during the fourth quarter worth approximately $100,000. KBC Group NV increased 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 worth $102,000 after purchasing an additional 2,504 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of LXP Industrial Trust by 34.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,424 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 2,948 shares in the last quarter. Finally, Atria Investments Inc purchased a new stake in shares of LXP Industrial Trust during the third quarter worth approximately $118,000. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, JMP Securities reiterated a “market perform” rating on shares of LXP Industrial Trust in a research report on Friday, February 14th. One research 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $11.33.

LXP Industrial Trust Stock Up 1.7 %

Shares of NYSE:LXP opened at $8.96 on Friday. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.21. The business has a fifty day moving average of $8.32 and a two-hundred day moving average of $9.19. The stock has a market cap of $2.65 billion, a P/E ratio of 68.93 and a beta of 0.89. 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 issued its 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. 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%. On average, research analysts expect that LXP Industrial Trust will post 0.63 earnings per share for the current year.

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.