LXP Industrial Trust (NYSE:LXP - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.620-0.640 for the period, compared to the consensus earnings per share estimate of 0.635. The company issued revenue guidance of -.
LXP Industrial Trust Stock Down 0.1%
Shares of NYSE LXP traded down $0.01 during mid-day trading on Friday, reaching $7.75. The company had a trading volume of 3,954,723 shares, compared to its average volume of 3,737,730. The stock has a fifty day moving average of $8.42 and a two-hundred day moving average of $8.38. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.13 and a current ratio of 0.13. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of 27.68 and a beta of 1.01. LXP Industrial Trust has a 12-month low of $6.85 and a 12-month high of $10.44.
LXP Industrial Trust (NYSE:LXP - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.16. The business had revenue of $86.74 million during the quarter, compared to analyst estimates of $87.25 million. LXP Industrial Trust had a net margin of 24.07% and a return on equity of 4.34%. The firm's revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.16 earnings per share. As a group, equities research analysts expect that LXP Industrial Trust will post 0.63 EPS for the current year.
LXP Industrial Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a $0.135 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.54 dividend on an annualized basis and a yield of 7.0%. LXP Industrial Trust's dividend payout ratio is currently 192.86%.
Analysts Set New Price Targets
A number of equities analysts recently commented on the company. JMP Securities restated a "market perform" rating on shares of LXP Industrial Trust in a report on Monday, May 5th. KeyCorp lowered their price target on LXP Industrial Trust from $11.00 to $10.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd.
View Our Latest Research Report on LXP
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Jane Street Group LLC lifted its holdings in shares of LXP Industrial Trust by 6,092.1% during the first quarter. Jane Street Group LLC now owns 948,134 shares of the real estate investment trust's stock valued at $8,201,000 after acquiring an additional 932,822 shares during the period. United Services Automobile Association bought a new position in shares of LXP Industrial Trust during the first quarter valued at $158,000. Goldman Sachs Group Inc. increased its stake in shares of LXP Industrial Trust by 14.1% in the first quarter. Goldman Sachs Group Inc. now owns 3,717,830 shares of the real estate investment trust's stock valued at $32,159,000 after buying an additional 458,195 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of LXP Industrial Trust in the first quarter valued at $129,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of LXP Industrial Trust by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 172,981 shares of the real estate investment trust's stock valued at $1,496,000 after buying an additional 7,577 shares in the last quarter. 93.52% of the stock is owned by institutional investors.
About LXP Industrial Trust
(
Get Free Report)
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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