Rhumbline Advisers Raises Stock Position in LXP Industrial Trust (NYSE:LXP)

Rhumbline Advisers boosted its stake in LXP Industrial Trust (NYSE:LXP) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 946,380 shares of the real estate investment trust’s stock after purchasing an additional 2,543 shares during the period. Rhumbline Advisers owned approximately 0.32% of LXP Industrial Trust worth $7,685,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in shares of LXP Industrial Trust by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 7,388,828 shares of the real estate investment trust’s stock worth $74,271,000 after buying an additional 92,409 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in LXP Industrial Trust by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,285,807 shares of the real estate investment trust’s stock valued at $53,122,000 after acquiring an additional 209,718 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its position in LXP Industrial Trust by 11.1% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,103,414 shares of the real estate investment trust’s stock worth $25,200,000 after purchasing an additional 311,006 shares during the last quarter. Systematic Financial Management LP grew its stake in shares of LXP Industrial Trust by 14.3% during the 3rd quarter. Systematic Financial Management LP now owns 2,673,501 shares of the real estate investment trust’s stock valued at $26,869,000 after purchasing an additional 334,029 shares during the period. Finally, Wellington Management Group LLP increased its position in shares of LXP Industrial Trust by 3.9% during the 3rd quarter. Wellington Management Group LLP now owns 2,650,679 shares of the real estate investment trust’s stock valued at $26,639,000 after purchasing an additional 98,437 shares during the last quarter. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

LXP Industrial Trust Price Performance

Shares of LXP Industrial Trust stock opened at $8.71 on Wednesday. The stock has a market cap of $2.57 billion, a P/E ratio of 66.97 and a beta of 0.89. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.16 and a current ratio of 0.16. The stock’s fifty day moving average is $8.30 and its 200 day moving average is $9.21. LXP Industrial Trust has a one year low of $7.65 and a one year high of $10.56.

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

Wall Street Analysts Forecast Growth

Separately, JMP Securities reissued 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 given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, LXP Industrial Trust has a consensus rating of “Hold” and an average 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.