Principal Financial Group Inc. Sells 8,911 Shares of LXP Industrial Trust (NYSE:LXP)

Principal Financial Group Inc. lessened its holdings in LXP Industrial Trust (NYSE:LXPGet Rating) by 0.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,907,074 shares of the real estate investment trust’s stock after selling 8,911 shares during the quarter. Principal Financial Group Inc.’s holdings in LXP Industrial Trust were worth $29,789,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. CWM LLC bought a new stake in LXP Industrial Trust in the 4th quarter valued at $25,000. EverSource Wealth Advisors LLC bought a new stake in LXP Industrial Trust in the 4th quarter valued at $27,000. HHM Wealth Advisors LLC increased its holdings in LXP Industrial Trust by 47.1% in the 4th quarter. HHM Wealth Advisors LLC now owns 2,060 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 660 shares during the period. Advisor Group Holdings Inc. increased its holdings in LXP Industrial Trust by 14.9% in the 3rd quarter. Advisor Group Holdings Inc. now owns 5,812 shares of the real estate investment trust’s stock valued at $74,000 after buying an additional 754 shares during the period. Finally, Evergreen Capital Management LLC bought a new stake in LXP Industrial Trust in the 3rd quarter valued at $141,000. 98.07% of the stock is currently owned by hedge funds and other institutional investors.

LXP opened at $11.67 on Friday. The firm’s 50-day simple moving average is $14.05 and its 200-day simple moving average is $14.67. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.10 and a current ratio of 0.10. LXP Industrial Trust has a twelve month low of $10.95 and a twelve month high of $16.10. The firm has a market cap of $3.36 billion, a price-to-earnings ratio of 9.64, a PEG ratio of 7.70 and a beta of 0.74.

LXP Industrial Trust (NYSE:LXPGet Rating) last issued its quarterly earnings results on Thursday, May 5th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.02. The business had revenue of $80.30 million for the quarter, compared to the consensus estimate of $80.69 million. LXP Industrial Trust had a net margin of 106.18% and a return on equity of 16.80%. The firm’s quarterly revenue was down 13.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.22 EPS. As a group, sell-side analysts anticipate that LXP Industrial Trust will post 0.65 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, April 18th. Investors of record on Thursday, March 31st were given a dividend of $0.12 per share. The ex-dividend date was Wednesday, March 30th. This represents a $0.48 annualized dividend and a yield of 4.11%. LXP Industrial Trust’s dividend payout ratio (DPR) is 39.67%.

In other LXP Industrial Trust news, Director Lawrence L. Gray bought 4,370 shares of the business’s stock in a transaction on Monday, May 9th. The shares were bought at an average cost of $11.50 per share, for a total transaction of $50,255.00. Following the transaction, the director now owns 69,609 shares in the company, valued at approximately $800,503.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lawrence L. Gray bought 2,235 shares of the business’s stock in a transaction on Wednesday, May 11th. The shares were acquired at an average price of $11.26 per share, for a total transaction of $25,166.10. Following the completion of the transaction, the director now owns 71,844 shares in the company, valued at approximately $808,963.44. The disclosure for this purchase can be found here. 2.10% of the stock is owned by corporate insiders.

Several equities research analysts have issued reports on the stock. Bank of America assumed coverage on shares of LXP Industrial Trust in a report on Monday, April 18th. They issued an “underperform” rating and a $14.00 price target on the stock. StockNews.com initiated coverage on shares of LXP Industrial Trust in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research lowered shares of LXP Industrial Trust from a “hold” rating to a “sell” rating in a report on Thursday. Finally, TheStreet lowered shares of LXP Industrial Trust from a “b” rating to a “c+” rating in a report on Thursday, May 5th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $15.40.

LXP Industrial Trust Company Profile (Get Rating)

Lexington Realty Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) that owns a portfolio of real estate assets consisting primarily of equity investments in single-tenant net-leased industrial properties across the United States. Lexington seeks to expand its industrial portfolio through build-to-suit transactions, sale-leaseback transactions and other transactions, including acquisitions.

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

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