LXP Industrial Trust (LXP) Stock Price, News & Analysis

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for LXP Industrial Trust in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" LXP shares.
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1 Wall Street analysts have issued 12-month price objectives for LXP Industrial Trust's stock. Their LXP share price targets range from $11.00 to $11.00. On average, they anticipate the company's stock price to reach $11.00 in the next year. This suggests a possible upside of 28.5% from the stock's current price.
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LXP Industrial Trust's stock was trading at $9.92 at the start of the year. Since then, LXP stock has decreased by 13.7% and is now trading at $8.56.
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LXP Industrial Trust saw a decline in short interest in March. As of March 31st, there was short interest totaling 3,660,000 shares, a decline of 41.3% from the March 15th total of 6,230,000 shares. Based on an average daily trading volume, of 2,340,000 shares, the short-interest ratio is currently 1.6 days.
View LXP Industrial Trust's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our LXP earnings forecast.

LXP Industrial Trust will be holding an earnings conference call on Thursday, May 2nd at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 647-362-9199 with passcode "1576583".

LXP Industrial Trust (NYSE:LXP) released its earnings results on Thursday, February, 15th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.17 by $0.13. The real estate investment trust had revenue of $83 million for the quarter, compared to analysts' expectations of $83.74 million. LXP Industrial Trust had a trailing twelve-month return on equity of 1.37% and a net margin of 8.92%. The business's revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.17 EPS.

LXP Industrial Trust announced a quarterly dividend on Monday, March 18th. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.13 per share on Monday, April 15th. This represents a $0.52 annualized dividend and a yield of 6.07%. The ex-dividend date is Wednesday, March 27th.
Read our dividend analysis for LXP.

LXP Industrial Trust (NYSE:LXP) pays an annual dividend of $0.52 per share and currently has a dividend yield of 5.90%. LXP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 650.08%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, LXP will have a dividend payout ratio of 80.00% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for LXP.

ETFs with the largest weight of LXP Industrial Trust (NYSE:LXP) stock in their portfolio include NETLease Corporate Real Estate ETF (NETL), ALPS Active REIT ETF (REIT), Invesco KBW Premium Yield Equity REIT ETF (KBWY), ALPS REIT Dividend Dogs ETF (RDOG), Pacer Industrial Real Estate ETF (INDS), U.S. Diversified Real Estate ETF (PPTY), Invesco S&P SmallCap Financials ETF (PSCF) and Invesco S&P SmallCap Low Volatility ETF (XSLV).

LXP Industrial Trust updated its FY 2024 earnings guidance on Friday, February, 16th. The company provided EPS guidance of 0.610-0.650 for the period, compared to the consensus earnings per share estimate of 0.660. The company issued revenue guidance of -.

1 employees have rated LXP Industrial Trust Chief Executive Officer T. Wilson Eglin on Glassdoor.com. T. Wilson Eglin has an approval rating of 100% among the company's employees. This puts T. Wilson Eglin in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other LXP Industrial Trust investors own include Omega Healthcare Investors (OHI), VEREIT (VER), Federal Realty Investment Trust (FRT), New Residential Investment (NRZ), AT&T (T), Ford Motor (F), STAG Industrial (STAG), Uniti Group (UNIT), Realty Income (O) and Government Properties Income Trust (GOV).

LXP Industrial Trust's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Hazelview Securities Inc. (0.46%), Pensionfund DSM Netherlands (0.07%), Community Bank of Raymore (0.05%), Pensionfund Sabic (0.03%) and CWM LLC (0.00%). Insiders that own company stock include Arun Gupta, Lawrence L Gray and Richard Frary.
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Shares of LXP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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