Principal Financial Group Inc. Buys 87,741 Shares of LXP Industrial Trust $LXP

Principal Financial Group Inc. grew its stake in LXP Industrial Trust (NYSE:LXP) by 31.1% during the first quarter, Holdings Channel.com reports. The fund owned 369,658 shares of the real estate investment trust’s stock after purchasing an additional 87,741 shares during the quarter. Principal Financial Group Inc.’s holdings in LXP Industrial Trust were worth $17,100,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of LXP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of LXP Industrial Trust by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 172,981 shares of the real estate investment trust’s stock valued at $1,496,000 after purchasing an additional 7,577 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in LXP Industrial Trust in the first quarter worth approximately $129,000. Goldman Sachs Group Inc. increased its holdings in LXP Industrial Trust by 14.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,717,830 shares of the real estate investment trust’s stock worth $32,159,000 after purchasing an additional 458,195 shares during the period. United Services Automobile Association purchased a new position in LXP Industrial Trust during the 1st quarter worth $158,000. Finally, Jane Street Group LLC raised its position in LXP Industrial Trust by 6,092.1% during the 1st quarter. Jane Street Group LLC now owns 948,134 shares of the real estate investment trust’s stock valued at $8,201,000 after purchasing an additional 932,822 shares in the last quarter. 93.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LXP has been the subject of several research reports. Wall Street Zen cut LXP Industrial Trust from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. BMO Capital Markets started coverage on LXP Industrial Trust in a research note on Thursday, July 9th. They set an “outperform” rating and a $65.00 price target on the stock. Citizens Jmp downgraded LXP Industrial Trust from a “market outperform” rating to a “hold” rating in a report on Tuesday. Citigroup reaffirmed an “outperform” rating on shares of LXP Industrial Trust in a research note on Thursday, July 16th. Finally, KeyCorp reiterated a “sector weight” rating on shares of LXP Industrial Trust in a report on Tuesday, June 9th. Three research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, LXP Industrial Trust currently has an average rating of “Hold” and a consensus target price of $55.20.

LXP Industrial Trust Stock Performance

Shares of NYSE:LXP opened at $61.17 on Thursday. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of 41.33 and a beta of 1.04. LXP Industrial Trust has a 52 week low of $38.20 and a 52 week high of $61.61. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.18. The firm has a 50 day moving average of $53.92 and a 200 day moving average of $50.91.

LXP Industrial Trust (NYSE:LXP) last posted its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.80 earnings per share for the quarter. The company had revenue of $85.95 million during the quarter, compared to analyst estimates of $81.47 million. LXP Industrial Trust had a return on equity of 4.80% and a net margin of 27.05%.LXP Industrial Trust’s revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.16 earnings per share. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. On average, sell-side analysts predict that LXP Industrial Trust will post 3.34 earnings per share for the current fiscal year.

LXP Industrial Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Tuesday, June 30th. LXP Industrial Trust’s dividend payout ratio is 189.19%.

LXP Industrial Trust Company Profile

LXP Industrial Trust is a real estate investment trust that specializes in the ownership, acquisition and management of industrial properties across North America. The company’s portfolio consists of warehouses, distribution centers and manufacturing facilities designed to support supply-chain and logistics operations. By focusing on long-term leasing arrangements, LXP Industrial Trust aims to provide stable income streams while delivering value to tenants through modern, well-positioned industrial space.

The firm’s primary business activities include sourcing and under-writing new property investments, overseeing development and redevelopment projects, and implementing asset-management strategies to enhance the performance of its holdings.