Principal Financial Group Inc. Cuts Stock Holdings in LXP Industrial Trust (NYSE:LXP)

Principal Financial Group Inc. decreased its holdings in shares of LXP Industrial Trust (NYSE:LXPFree Report) by 5.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,576,121 shares of the real estate investment trust’s stock after selling 85,456 shares during the quarter. Principal Financial Group Inc. owned about 0.54% of LXP Industrial Trust worth $14,027,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Oregon Public Employees Retirement Fund grew its holdings in shares of LXP Industrial Trust by 3.1% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 91,324 shares of the real estate investment trust’s stock worth $890,000 after purchasing an additional 2,781 shares during the period. Graham Capital Management L.P. boosted its stake in LXP Industrial Trust by 60.3% during the second quarter. Graham Capital Management L.P. now owns 210,615 shares of the real estate investment trust’s stock worth $2,053,000 after buying an additional 79,247 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in LXP Industrial Trust by 5.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 120,263 shares of the real estate investment trust’s stock worth $1,070,000 after buying an additional 6,373 shares during the period. Barclays PLC boosted its position in shares of LXP Industrial Trust by 10.9% during the 2nd quarter. Barclays PLC now owns 214,393 shares of the real estate investment trust’s stock worth $2,090,000 after purchasing an additional 20,987 shares during the period. Finally, D.A. Davidson & CO. boosted its position in shares of LXP Industrial Trust by 6.0% during the 2nd quarter. D.A. Davidson & CO. now owns 83,552 shares of the real estate investment trust’s stock worth $815,000 after purchasing an additional 4,730 shares during the period. Hedge funds and other institutional investors own 92.57% of the company’s stock.

Analyst Ratings Changes

LXP has been the subject of a number of research analyst reports. StockNews.com raised shares of LXP Industrial Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, December 19th. KeyCorp lowered their target price on LXP Industrial Trust from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Wednesday, December 13th.

Check Out Our Latest Research Report on LXP Industrial Trust

LXP Industrial Trust Stock Performance

Shares of LXP stock opened at $9.10 on Thursday. The stock has a market capitalization of $2.66 billion, a PE ratio of 53.53, a P/E/G ratio of 7.20 and a beta of 0.86. The firm has a 50 day moving average of $9.41 and a two-hundred day moving average of $9.26. LXP Industrial Trust has a 52 week low of $7.75 and a 52 week high of $11.92. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.19.

LXP Industrial Trust (NYSE:LXPGet Free Report) last released its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.14). The company had revenue of $85.42 million during the quarter, compared to analysts’ expectations of $85.40 million. LXP Industrial Trust had a net margin of 16.02% and a return on equity of 2.41%. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the business posted $0.17 earnings per share. On average, research analysts predict that LXP Industrial Trust will post 0.69 EPS for the current fiscal year.

LXP Industrial Trust Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for LXP Industrial Trust (NYSE:LXP)

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