Point72 Hong Kong Ltd raises its stake in LXP Industrial Trust (NYSE:LXP)

March 3, 2023

Point72 Hong Kong Ltd increased its holdings in LXP Industrial Trust (NYSE: LXP) during the third quarter by a whopping 3,812.9 percent, as stated in the most recent filing that the company has made with the Securities and Exchange Commission.

The institutional investor has 19,056 shares of the stock that the real estate investment trust issued after making additional purchases totaling 18,569 shares during the time frame in question.

Point72 Hong Kong Limited stated in its most recent filing with the SEC that it valued its holdings in LXP Industrial Trust at $175,000.

This information was included in the filing.

During the most recent trading activity, shares of LXP were purchased as well as sold by a variety of different hedge funds.

Through the course of the second quarter, Fifth Third Bancorp was able to achieve a 198.6% increase in the proportion of LXP Industrial Trust shares that it owned. Since the beginning of the previous quarter, Fifth Third Bancorp has acquired 293 real estate investment trust shares.

This brings the total value of the company’s holdings in the REIT up to $2,500.

During the third quarter, Quadrant Capital Group LLC was able to amass an 83.1% increase in the number of LXP Industrial Trust shares under its control.

The most recent fiscal quarter saw Quadrant Capital Group LLC acquire 1,415 new shares, bringing the total number of shares in the real estate investment trust that the company owns up to 3,118.

Each share in the REIT has a value of $29,000.

During the second quarter, Harvest Fund Management Co Ltd invested $89,000 in LXP Industrial Trust, which established a new stake in the company.

During the third quarter, EverSource Wealth Advisors LLC increased the number of shares of LXP Industrial Trust that it held by 27.8 percentage points.

After making an additional 2,094 share purchase during the most recent quarter, EverSource Wealth Advisors LLC now has 9,624 shares of the real estate investment trust.

The total cost of these shares was $89,000.

This brought the total number of shares that the company owns to 9,624, bringing the total number of shares held to 9,624.
Last but not least, Advisor Group Holdings INC increased the percentage of LXP Industrial Trust shares it owned by 81.1 percent during the first three months of the year.

Advisor Group Holdings INC, the current owner of those shares, currently holds the real estate investment trust’s shares of stock.

The corporation now has 9,880 shares, which are worth a total of $198,000.

This was accomplished by purchasing an additional 4,423 shares during the preceding quarter.

Institutional investors and hedge funds collectively hold a stake in the company equal to 97.53% of the total number of shares outstanding.
At the start of trading on Thursday, the NYSE LXP set the opening price at $10.28.

The company has a price-to-earnings ratio (P/E) of 27.05, a price-to-earnings-to-growth ratio (P/E/G) of 15.19, and a beta value of 0.82.

These three metrics are all related to the value of the stock.

The stock is currently valued at $3.01 billion on the market.

During the previous twelve months, the price of LXP Industrial Trust ranged from a low of $8.81 to a high of $16.10.

The company’s simple moving average for the past 50 days is $10.95, and its simple moving average for the past 200 days is also $10.36.

There is a debt-to-equity ratio of 0.19, a current ratio of 0.11, and a quick ratio with the same value as the current ratio.

All three ratios are the same.
In other news, a research report published by TheStreet on Friday, December 30th, rated shares of LXP Industrial Trust as having a “c” rating, which is a downgrade from the previous rating of “b-.”

A real estate investment trust like LXP Industrial Trust is accountable for acquiring, financing, and managing a portfolio of single-tenant industrial properties.

These properties fall under the category of “industrial real estate.” In addition to that, it provides services in the areas of investment advisory and asset management.

E. Robert Roskind founded the company in October of 1993 and has remained in New York, New York, as its primary location ever since.

Are you interested in learning more about the activities of the various hedge funds that have invested in LXP? By going to HoldingsChannel.com, you can obtain the most up-to-date information regarding LXP Industrial Trust’s 13F filings and insider transactions (NYSE: LXP).

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