TCW Group Inc. Trims Stock Position in LXP Industrial Trust (NYSE:LXP)

TCW Group Inc. lowered its position in shares of LXP Industrial Trust (NYSE:LXP) by 75.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,846 shares of the real estate investment trust’s stock after selling 75,512 shares during the period. TCW Group Inc.’s holdings in LXP Industrial Trust were worth $202,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in LXP Industrial Trust by 340.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,213,117 shares of the real estate investment trust’s stock worth $22,242,000 after buying an additional 1,710,867 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in LXP Industrial Trust by 16.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,792,408 shares of the real estate investment trust’s stock worth $28,064,000 after buying an additional 395,798 shares in the last quarter. Natixis Advisors LLC grew its stake 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 worth $2,404,000 after buying an additional 151,253 shares in the last quarter. Jane Street Group LLC grew its stake in LXP Industrial Trust by 101.3% in the 3rd quarter. Jane Street Group LLC now owns 546,430 shares of the real estate investment trust’s stock worth $5,492,000 after buying an additional 274,933 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in LXP Industrial Trust by 44.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 199,612 shares of the real estate investment trust’s stock worth $2,006,000 after buying an additional 61,387 shares in the last quarter. Hedge funds and other institutional investors own 93.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reissued a “market perform” rating on shares of LXP Industrial Trust in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, LXP Industrial Trust presently has an average rating of “Hold” and a consensus price target of $11.33.

LXP Industrial Trust Price Performance

Shares of LXP Industrial Trust stock opened at $8.64 on Tuesday. LXP Industrial Trust has a 52-week low of $7.65 and a 52-week high of $10.56. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of 66.49 and a beta of 0.89. The company has a fifty day moving average of $8.30 and a 200-day moving average of $9.21. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.16 and a current ratio of 0.16.

LXP Industrial Trust (NYSE:LXP) last announced its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $100.85 million during the quarter, compared to analysts’ expectations of $84.57 million. Equities research analysts expect that LXP Industrial Trust will post 0.63 EPS 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.