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

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) declared a quarterly dividend on Monday, September 15th, RTT News reports. Shareholders 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 yield of 5.9%.

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. Equities 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

NYSE LXP traded down $0.05 during mid-day trading on Monday, hitting $9.16. The stock had a trading volume of 1,646,537 shares, compared to its average volume of 2,914,357. The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of 32.71 and a beta of 1.06. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.13 and a quick ratio of 0.13. LXP Industrial Trust has a twelve month low of $6.85 and a twelve month high of $10.32. The firm's 50 day moving average is $8.49 and its 200 day moving average is $8.43.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. The business had revenue of $86.74 million during the quarter, compared to analysts' expectations of $87.25 million. LXP Industrial Trust had a return on equity of 4.34% and a net margin of 24.07%.The business's quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.16 EPS. LXP Industrial Trust has set its FY 2025 guidance at 0.620-0.640 EPS. Equities research analysts forecast that LXP Industrial Trust will post 0.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wolfe Research started coverage on LXP Industrial Trust in a research note on Friday, August 22nd. They issued an "outperform" rating and a $10.00 target price on the stock. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $10.33.

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.

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