Handelsbanken Fonder AB Increases Stake in LXP Industrial Trust (NYSE:LXP)

Handelsbanken Fonder AB raised its holdings in shares of LXP Industrial Trust (NYSE:LXP) by 3.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 113,215 shares of the real estate investment trust’s stock after acquiring an additional 3,800 shares during the quarter. Handelsbanken Fonder AB’s holdings in LXP Industrial Trust were worth $919,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Creative Planning increased its stake in LXP Industrial Trust by 4.8% during the third quarter. Creative Planning now owns 50,198 shares of the real estate investment trust’s stock valued at $504,000 after purchasing an additional 2,303 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in LXP Industrial Trust by 34.8% in the 3rd 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 during the last quarter. abrdn plc lifted its holdings in LXP Industrial Trust by 10.2% in the 3rd quarter. abrdn plc now owns 60,041 shares of the real estate investment trust’s stock valued at $603,000 after acquiring an additional 5,582 shares during the last quarter. Van ECK Associates Corp raised its holdings in LXP Industrial Trust by 12.3% during the 3rd quarter. Van ECK Associates Corp now owns 49,952 shares of the real estate investment trust’s stock worth $486,000 after buying an additional 5,483 shares during the period. Finally, QRG Capital Management Inc. raised its holdings in LXP Industrial Trust by 17.3% during the 3rd quarter. QRG Capital Management Inc. now owns 45,225 shares of the real estate investment trust’s stock worth $455,000 after buying an additional 6,681 shares during the period. 93.52% of the stock is owned by institutional investors and hedge funds.

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 MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $11.33.

LXP Industrial Trust Stock Up 1.7 %

Shares of LXP stock opened at $8.96 on Friday. The stock has a market cap of $2.65 billion, a P/E ratio of 68.93 and a beta of 0.89. LXP Industrial Trust has a one year low of $7.65 and a one year high of $10.56. The stock has a fifty day moving average price of $8.32 and a 200 day moving average price of $9.19. 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 data on Thursday, February 13th. The real estate investment trust reported $0.16 earnings per share (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 during the quarter, compared to analyst estimates of $84.57 million. Analysts predict that LXP Industrial Trust will post 0.63 earnings per share for the current year.

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.