LXP Industrial Trust (NYSE:LXP - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.620-0.640 for the period, compared to the consensus EPS estimate of 0.635. The company issued revenue guidance of -.
Analyst Upgrades and Downgrades
LXP has been the topic of several recent research reports. KeyCorp cut their price objective on shares of LXP Industrial Trust from $11.00 to $10.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. JMP Securities reiterated a "market perform" rating on shares of LXP Industrial Trust in a report on Monday, May 5th.
Read Our Latest Analysis on LXP Industrial Trust
LXP Industrial Trust Stock Down 0.1%
NYSE LXP traded down $0.01 during trading hours on Friday, reaching $7.75. 3,954,723 shares of the company's stock were exchanged, compared to its average volume of 3,737,730. 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 one year low of $6.85 and a one year high of $10.44. The company's 50-day moving average is $8.43 and its two-hundred day moving average is $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.
LXP Industrial Trust (NYSE:LXP - Get Free Report) last issued its earnings results 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 the consensus estimate of $87.25 million. LXP Industrial Trust had a net margin of 24.07% and a return on equity of 4.34%. LXP Industrial Trust's revenue was up 2.2% on a year-over-year basis. During the same period last year, the business posted $0.16 EPS. On average, analysts forecast that LXP Industrial Trust will post 0.63 EPS for the current fiscal year.
LXP Industrial Trust Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 7.0%. The ex-dividend date was Monday, June 30th. LXP Industrial Trust's dividend payout ratio is 270.00%.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. boosted its stake in LXP Industrial Trust by 14.1% during the 1st 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 purchasing an additional 458,195 shares during the last quarter. Jane Street Group LLC grew its holdings in 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 worth $8,201,000 after buying an additional 932,822 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in LXP Industrial Trust by 4.6% in the 1st 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 during the last quarter. United Services Automobile Association bought a new position in LXP Industrial Trust during the 1st quarter valued at $158,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in LXP Industrial Trust during the 1st quarter worth $129,000. Institutional investors and hedge funds own 93.52% of the company's stock.
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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