Q2 2024 EPS Estimates for LXP Industrial Trust Decreased by Analyst (NYSE:LXP)

LXP Industrial Trust (NYSE:LXP – Get Rating) – Research analysts at KeyCorp cut their Q2 2024 earnings per share estimates for shares of LXP Industrial Trust in a research note issued on Sunday, May 14th. KeyCorp analyst T. Thomas now expects that the real estate investment trust will post earnings per share of $0.17 for the quarter, down from their prior estimate of $0.18. The consensus estimate for LXP Industrial Trust’s current full-year earnings is $0.69 per share. KeyCorp also issued estimates for LXP Industrial Trust’s FY2024 earnings at $0.70 EPS.

LXP has been the subject of a number of other research reports. StockNews.com assumed coverage on shares of LXP Industrial Trust in a research report on Thursday. They set a “hold” rating for the company. JMP Securities began coverage on LXP Industrial Trust in a research note on Tuesday, April 18th. They set a “market perform” rating for the company.

LXP Industrial Trust Price Performance

Shares of LXP Industrial Trust stock opened at $10.05 on Wednesday. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.19. The firm has a fifty day simple moving average of $9.74 and a 200-day simple moving average of $10.35. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 26.45, a PEG ratio of 4.28 and a beta of 0.82. LXP Industrial Trust has a 1-year low of $8.81 and a 1-year high of $11.92.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quadrant Capital Group LLC grew its position in LXP Industrial Trust by 83.1% during the third quarter. Quadrant Capital Group LLC now owns 3,118 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 1,415 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of LXP Industrial Trust by 126.3% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 6,506 shares of the real estate investment trust’s stock valued at $65,000 after purchasing an additional 3,631 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of LXP Industrial Trust by 27.8% in the third quarter. EverSource Wealth Advisors LLC now owns 9,624 shares of the real estate investment trust’s stock valued at $89,000 after purchasing an additional 2,094 shares in the last quarter. Engineers Gate Manager LP bought a new position in LXP Industrial Trust in the third quarter worth $93,000. Finally, Wolverine Trading LLC acquired a new stake in LXP Industrial Trust during the third quarter worth $94,000. Institutional investors own 97.53% of the company’s stock.

LXP Industrial Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 17th. Shareholders of record on Friday, March 31st were given a $0.125 dividend. The ex-dividend date of this dividend was Thursday, March 30th. This represents a $0.50 annualized dividend and a yield of 4.98%. LXP Industrial Trust’s dividend payout ratio is 131.58%.

About LXP Industrial Trust

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LXP Industrial Trust is a real estate investment trust, which engages in financing, acquisition, and ownership of portfolio of single-tenant commercial properties. It also provides investment advisory and asset management services. The company was founded by E. Robert Roskind in October 1993 and is headquartered in New York, NY.