LXP Industrial Trust (NYSE:LXP) Holdings Decreased by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its stake in LXP Industrial Trust (NYSE:LXP - Free Report) by 4.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,387,366 shares of the real estate investment trust's stock after selling 64,066 shares during the period. Principal Financial Group Inc. owned 0.47% of LXP Industrial Trust worth $13,943,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC grew its stake in LXP Industrial Trust by 81.1% in the third quarter. GAMMA Investing LLC now owns 3,421 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 1,532 shares in the last quarter. KBC Group NV grew its position in shares of LXP Industrial Trust by 32.7% in the 3rd quarter. KBC Group NV now owns 10,170 shares of the real estate investment trust's stock worth $102,000 after acquiring an additional 2,504 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of LXP Industrial Trust by 34.8% in the 3rd 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 acquiring an additional 2,948 shares during the last quarter. Atria Investments Inc bought a new stake in shares of LXP Industrial Trust in the 3rd quarter valued at approximately $118,000. Finally, Quest Partners LLC raised its position in shares of LXP Industrial Trust by 8,053.5% during the 2nd quarter. Quest Partners LLC now owns 11,741 shares of the real estate investment trust's stock valued at $107,000 after acquiring an additional 11,597 shares in the last quarter. Institutional investors and hedge funds own 93.52% of the company's stock.

LXP Industrial Trust Stock Performance

LXP Industrial Trust stock traded down $0.10 during midday trading on Friday, reaching $8.22. 1,315,679 shares of the stock traded hands, compared to its average volume of 2,184,819. LXP Industrial Trust has a fifty-two week low of $8.08 and a fifty-two week high of $10.56. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.21. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of 137.02 and a beta of 0.86. The firm has a fifty day moving average price of $9.17 and a two-hundred day moving average price of $9.58.

LXP Industrial Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.135 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from LXP Industrial Trust's previous quarterly dividend of $0.13. This represents a $0.54 annualized dividend and a dividend yield of 6.57%. LXP Industrial Trust's payout ratio is currently 900.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on LXP shares. JMP Securities reaffirmed a "market perform" rating on shares of LXP Industrial Trust in a report on Friday, December 20th. Evercore ISI lifted their price target on shares of LXP Industrial Trust from $10.00 to $11.00 and gave the company an "in-line" rating in a report on Monday, September 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price 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.