Proficio Capital Partners LLC Makes New $83,000 Investment in LXP Industrial Trust (NYSE:LXP)

Proficio Capital Partners LLC acquired a new stake in LXP Industrial Trust (NYSE:LXP) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,199 shares of the real estate investment trust’s stock, valued at approximately $83,000.

A number of other hedge funds have also modified their holdings of LXP. Atria Investments Inc purchased a new stake in LXP Industrial Trust in the 3rd quarter valued at $118,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of LXP Industrial Trust by 16.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,792,408 shares of the real estate investment trust’s stock valued at $28,064,000 after buying an additional 395,798 shares during the last quarter. KBC Group NV boosted its stake 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 buying an additional 2,504 shares during the period. Metis Global Partners LLC grew its holdings in shares of LXP Industrial Trust by 31.9% during the third quarter. Metis Global Partners LLC now owns 30,311 shares of the real estate investment trust’s stock worth $305,000 after buying an additional 7,326 shares during the last quarter. Finally, Natixis Advisors LLC increased its position in LXP Industrial Trust by 171.9% in the 3rd quarter. Natixis Advisors LLC now owns 239,232 shares of the real estate investment trust’s stock valued at $2,404,000 after acquiring an additional 151,253 shares during the period. 93.52% of the stock is currently 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 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 stock. Based on data from MarketBeat, LXP Industrial Trust currently has an average rating of “Hold” and an average target price of $11.33.

LXP Industrial Trust Price Performance

Shares of LXP opened at $8.92 on Friday. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.21. The stock’s 50 day moving average is $8.49 and its two-hundred day moving average is $9.14. LXP Industrial Trust has a twelve month low of $7.65 and a twelve month high of $10.56. The firm has a market capitalization of $2.64 billion, a PE ratio of 68.58 and a beta of 0.89.

LXP Industrial Trust (NYSE:LXP) last released its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates 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%. Research analysts anticipate that LXP Industrial Trust will post 0.63 earnings per share for the current year.

About LXP Industrial Trust

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.