Principal Financial Group Inc. Purchases 40,686 Shares of LXP Industrial Trust (NYSE:LXP)

Principal Financial Group Inc. boosted its holdings in shares of LXP Industrial Trust (NYSE:LXP) by 2.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,428,052 shares of the real estate investment trust’s stock after acquiring an additional 40,686 shares during the period. Principal Financial Group Inc. owned approximately 0.48% of LXP Industrial Trust worth $11,596,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Creative Planning lifted its holdings in shares of LXP Industrial Trust by 4.8% during the 3rd 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in LXP Industrial Trust by 34.8% in the third 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 buying an additional 2,948 shares in the last quarter. abrdn plc lifted its stake in LXP Industrial Trust by 10.2% in the third quarter. abrdn plc now owns 60,041 shares of the real estate investment trust’s stock valued at $603,000 after buying an additional 5,582 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of LXP Industrial Trust by 12.3% in the third quarter. Van ECK Associates Corp now owns 49,952 shares of the real estate investment trust’s stock valued at $486,000 after buying an additional 5,483 shares during the period. Finally, QRG Capital Management Inc. boosted its stake in LXP Industrial Trust by 17.3% in the 3rd quarter. QRG Capital Management Inc. now owns 45,225 shares of the real estate investment trust’s stock worth $455,000 after purchasing an additional 6,681 shares during the period. 93.52% of the stock is owned by institutional investors and hedge funds.

LXP Industrial Trust Stock Performance

NYSE:LXP opened at $8.81 on Friday. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 67.74 and a beta of 0.89. LXP Industrial Trust has a fifty-two week low of $7.65 and a fifty-two week high of $10.56. 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 has a fifty day moving average price of $8.30 and a 200-day moving average price of $9.20.

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

Wall Street Analysts Forecast Growth

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 assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus 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.