MQS Management LLC Has $151,000 Stock Position in LXP Industrial Trust (NYSE:LXP)

MQS Management LLC reduced its stake in shares of LXP Industrial Trust (NYSE:LXP) by 61.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 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 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Proficio Capital Partners LLC acquired a new stake in shares of LXP Industrial Trust during the 4th quarter worth $83,000. Wealth Advisory Solutions LLC acquired a new stake in shares of LXP Industrial Trust during the 4th quarter worth $91,000. First Hawaiian Bank acquired a new stake in shares of LXP Industrial Trust during the 4th quarter worth $100,000. KBC Group NV grew its holdings in shares of LXP Industrial Trust by 32.7% during the 3rd 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. Finally, Atria Investments Inc acquired a new stake in shares of LXP Industrial Trust during the 3rd quarter worth $118,000. 93.52% of the stock is owned by institutional investors and hedge funds.

LXP Industrial Trust Price Performance

Shares of LXP stock opened at $9.16 on Monday. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.21. LXP Industrial Trust has a twelve month low of $7.65 and a twelve month high of $10.56. The company has a market cap of $2.71 billion, a P/E ratio of 70.44 and a beta of 0.89. The business has a fifty day simple moving average of $8.41 and a 200 day simple moving average of $9.16.

LXP Industrial Trust (NYSE:LXP) last announced its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.18. The business had revenue of $100.85 million during the quarter, compared to the consensus estimate of $84.57 million. LXP Industrial Trust had a return on equity of 2.15% and a net margin of 12.40%. On average, sell-side analysts forecast that LXP Industrial Trust will post 0.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, JMP Securities restated 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 given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, LXP Industrial Trust presently has an average rating of “Hold” and a consensus price target of $11.33.

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.