LXP Industrial Trust (NYSE:LXP) Announces Quarterly Dividend of $0.14

Key Points

• LXP Industrial Trust declared a quarterly dividend of $0.14, with a yield of 5.9%, payable to shareholders on October 15th.
• The company has a concerning payout ratio of 771.4%, indicating it is currently unable to cover its dividends solely from earnings and relies on its balance sheet.
• Analysts rate the stock as a "Moderate Buy" with a target price averaging around $10.33, following Wolfe Research's initiation of coverage with an outperform rating.

LXP Industrial Trust (NYSE:LXP - Get Free Report) announced a quarterly dividend on Monday, September 15th, RTT News reports. Stockholders of record on Tuesday, September 30th will be paid a dividend of 0.135 per share by the real estate investment trust on Wednesday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend is Tuesday, September 30th.

LXP Industrial Trust has a payout ratio of 771.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect LXP Industrial Trust to earn $0.73 per share next year, which means the company should continue to be able to cover its $0.54 annual dividend with an expected future payout ratio of 74.0%.

LXP Industrial Trust Price Performance

Shares of NYSE:LXP traded down $0.08 during trading on Friday, reaching $9.23. The company had a trading volume of 6,718,165 shares, compared to its average volume of 2,874,739. The firm's fifty day moving average is $8.55 and its 200 day moving average is $8.44. The firm has a market capitalization of $2.73 billion, a PE ratio of 32.96 and a beta of 1.06. LXP Industrial Trust has a twelve month low of $6.85 and a twelve month high of $10.29. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.13 and a current ratio of 0.13.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last released its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.16 EPS for the quarter, hitting analysts' consensus estimates of $0.16. LXP Industrial Trust had a net margin of 24.07% and a return on equity of 4.34%. The business had revenue of $86.74 million for the quarter, compared to the consensus estimate of $87.25 million. During the same period in the previous year, the firm earned $0.16 EPS. The business's revenue for the quarter was up 2.2% on a year-over-year basis. LXP Industrial Trust has set its FY 2025 guidance at 0.620-0.640 EPS. On average, equities analysts forecast that LXP Industrial Trust will post 0.63 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. increased its stake in LXP Industrial Trust by 3,809.5% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,284 shares of the real estate investment trust's stock valued at $27,000 after buying an additional 3,200 shares during the period. EQ Wealth Advisors LLC acquired a new position in LXP Industrial Trust in the 1st quarter valued at approximately $30,000. EverSource Wealth Advisors LLC increased its stake in LXP Industrial Trust by 101.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,481 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 1,755 shares during the period. Geneos Wealth Management Inc. grew its position in LXP Industrial Trust by 82.0% in the second quarter. Geneos Wealth Management Inc. now owns 3,623 shares of the real estate investment trust's stock worth $30,000 after acquiring an additional 1,632 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in LXP Industrial Trust by 50.4% in the second quarter. GAMMA Investing LLC now owns 3,866 shares of the real estate investment trust's stock worth $32,000 after acquiring an additional 1,296 shares in the last quarter. Institutional investors and hedge funds own 93.52% of the company's stock.

LXP Industrial Trust Company 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.