LXP Industrial Trust (NYSE:LXP) Updates FY 2025 Earnings Guidance

LXP Industrial Trust (NYSE:LXP - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.610-0.650 for the period, compared to the consensus estimate of 0.630. The company issued revenue guidance of -.

LXP Industrial Trust Stock Down 1.2 %

NYSE LXP traded down $0.10 on Tuesday, hitting $7.97. 936,964 shares of the stock traded hands, compared to its average volume of 2,203,369. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.21. The stock has a 50-day moving average of $8.36 and a 200 day moving average of $8.63. LXP Industrial Trust has a twelve month low of $6.85 and a twelve month high of $10.57. The company has a market capitalization of $2.36 billion, a P/E ratio of 61.20 and a beta of 1.02.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share for the quarter, meeting analysts' consensus estimates of $0.16. LXP Industrial Trust had a net margin of 12.40% and a return on equity of 2.15%. The business had revenue of $87.89 million during the quarter, compared to the consensus estimate of $84.72 million. During the same quarter in the prior year, the firm earned $0.16 EPS. The company's revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, analysts expect that LXP Industrial Trust will post 0.63 earnings per share for the current fiscal year.

LXP Industrial Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 6.78%. The ex-dividend date of this dividend was Monday, March 31st. LXP Industrial Trust's payout ratio is currently 270.00%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. JMP Securities restated a "market perform" rating on shares of LXP Industrial Trust in a research note on Monday. KeyCorp decreased their price objective on shares of LXP Industrial Trust from $11.00 to $10.00 and set an "overweight" rating for the company in a report on Friday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $11.00.

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.