Hudson Edge Investment Partners Inc. Raises Stock Position in LXP Industrial Trust (NYSE:LXP)

Hudson Edge Investment Partners Inc. lifted its position in LXP Industrial Trust (NYSE:LXP) by 143.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 78,884 shares of the real estate investment trust’s stock after purchasing an additional 46,433 shares during the period. Hudson Edge Investment Partners Inc.’s holdings in LXP Industrial Trust were worth $641,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. KBC Group NV raised its position in 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 valued at $102,000 after purchasing an additional 2,504 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of 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 acquiring an additional 2,948 shares in the last quarter. Atria Investments Inc bought a new stake in shares of LXP Industrial Trust in the third quarter valued at about $118,000. Blue Trust Inc. lifted its stake in LXP Industrial Trust by 291.7% in the third quarter. Blue Trust Inc. now owns 12,291 shares of the real estate investment trust’s stock worth $124,000 after acquiring an additional 9,153 shares during the period. Finally, First Hawaiian Bank bought a new position in LXP Industrial Trust during the 4th quarter worth about $100,000. Institutional investors own 93.52% of the company’s stock.

LXP Industrial Trust Trading Up 0.2 %

Shares of NYSE LXP opened at $8.65 on Friday. LXP Industrial Trust has a 1-year low of $7.65 and a 1-year high of $10.56. The business has a fifty day moving average price of $8.31 and a 200 day moving average price of $9.23. The stock has a market capitalization of $2.56 billion, a P/E ratio of 66.51 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 quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.16 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.18. LXP Industrial Trust had a net margin of 12.40% and a return on equity of 2.15%. The business had revenue of $100.85 million during the quarter, compared to analyst estimates of $84.57 million. Equities research analysts expect that LXP Industrial Trust will post 0.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, JMP Securities restated a “market perform” rating on shares of LXP Industrial Trust in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, LXP Industrial Trust has a consensus rating of “Hold” and an average target price 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.