Bank of New York Mellon Corp Grows Position in LXP Industrial Trust (NYSE:LXP)

Bank of New York Mellon Corp raised its holdings in shares of LXP Industrial Trust (NYSE:LXP) by 0.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,762,226 shares of the real estate investment trust’s stock after purchasing an additional 25,784 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.94% of LXP Industrial Trust worth $22,429,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. First Hawaiian Bank purchased a new stake in LXP Industrial Trust during the fourth quarter valued at about $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 valued at $102,000 after buying an additional 2,504 shares during the period. Atria Investments Inc bought a new stake in shares of LXP Industrial Trust during the third quarter valued at about $118,000. Blue Trust Inc. increased its position in shares of LXP Industrial Trust by 22.8% during the fourth quarter. Blue Trust Inc. now owns 15,089 shares of the real estate investment trust’s stock valued at $123,000 after buying an additional 2,798 shares during the period. Finally, Ieq Capital LLC increased its position in shares of LXP Industrial Trust by 60.1% during the fourth quarter. Ieq Capital LLC now owns 19,632 shares of the real estate investment trust’s stock valued at $159,000 after buying an additional 7,368 shares during the period. 93.52% of the stock is owned by hedge funds and other institutional investors.

LXP Industrial Trust Trading Up 0.1 %

Shares of LXP opened at $9.17 on Tuesday. The business’s 50-day moving average price is $8.43 and its 200-day moving average price is $9.15. LXP Industrial Trust has a twelve month low of $7.65 and a twelve month high of $10.56. The stock has a market cap of $2.71 billion, a PE ratio of 70.51 and a beta of 0.89. 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 (NYSE:LXP) last posted 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 company had revenue of $100.85 million for the quarter, compared to analysts’ expectations of $84.57 million. LXP Industrial Trust had a net margin of 12.40% and a return on equity of 2.15%. On average, equities analysts forecast that LXP Industrial Trust will post 0.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, JMP Securities reiterated a “market perform” rating on shares of LXP Industrial Trust in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $11.33.

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.