LXP Industrial Trust (NYSE:LXP) Issues Earnings Results

Key Points

• LXP Industrial Trust reported quarterly EPS of $1.54, surpassing analysts’ $0.07 consensus estimate by $1.47. Revenue reached $90.78 million, ahead of the $86.90 million forecast.
• Shares rose slightly to $61.15, near the company’s 52-week high of $61.61; the stock has a $3.61 billion market capitalization and a P/E ratio of 61.15.
• Analyst sentiment remains mixed, with an overall “Hold” rating and an average price target of $57.40, below the current share price.

LXP Industrial Trust (NYSE:LXP - Get Free Report) released its earnings results on Tuesday. The real estate investment trust reported $1.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.07 by $1.47, FiscalAI reports. LXP Industrial Trust had a net margin of 18.66% and a return on equity of 3.37%. The firm had revenue of $90.78 million for the quarter, compared to analysts' expectations of $86.90 million.

LXP Industrial Trust Price Performance

Shares of LXP Industrial Trust stock traded up $0.04 on Tuesday, reaching $61.15. The stock had a trading volume of 293,448 shares, compared to its average volume of 677,774. LXP Industrial Trust has a 1 year low of $44.17 and a 1 year high of $61.61. The company has a market cap of $3.61 billion, a P/E ratio of 61.15 and a beta of 1.02. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.19. The business's 50 day moving average is $60.90 and its two-hundred day moving average is $54.20.

Analyst Upgrades and Downgrades

Several research firms have commented on LXP. Weiss Ratings raised shares of LXP Industrial Trust from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, October 12th. BMO Capital Markets assumed coverage on shares of 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. Wall Street Zen downgraded shares of LXP Industrial Trust from a "hold" rating to a "sell" rating in a report on Sunday, July 12th. Citigroup reaffirmed an "outperform" rating on shares of LXP Industrial Trust in a report on Thursday, July 16th. Finally, Citizens Jmp lowered shares of LXP Industrial Trust from a "market outperform" rating to a "hold" rating in a research note on Tuesday, July 21st. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, LXP Industrial Trust currently has an average rating of "Hold" and an average target price of $57.40.

LXP Industrial Trust Company Profile

LXP Industrial Trust NYSE: LXP is a self-managed real estate investment trust focused on owning and managing industrial properties in the United States. The company primarily invests in single-tenant, long-term leased facilities, including distribution centers, logistics properties, and manufacturing buildings.

LXP's portfolio serves tenants involved in logistics, supply chain management, manufacturing, and other industrial activities. Its properties are located across several U.S. markets, with an emphasis on areas supported by population growth, transportation infrastructure, and expanding industrial demand.

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