LXP Industrial Trust (LXP) Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for LXP Industrial Trust in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" LXP shares.
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2 brokerages have issued twelve-month price targets for LXP Industrial Trust's stock. Their LXP share price forecasts range from $13.00 to $14.00. On average, they predict the company's share price to reach $13.50 in the next year. This suggests a possible upside of 27.7% from the stock's current price.
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LXP Industrial Trust's stock was trading at $10.02 at the start of the year. Since then, LXP stock has increased by 5.5% and is now trading at $10.57.
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LXP Industrial Trust saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 5,920,000 shares, an increase of 10.2% from the April 15th total of 5,370,000 shares. Based on an average trading volume of 2,100,000 shares, the days-to-cover ratio is presently 2.8 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our LXP earnings forecast.

LXP Industrial Trust (NYSE:LXP) issued its quarterly earnings results on Thursday, May, 5th. The real estate investment trust reported $0.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.02. The real estate investment trust earned $80.30 million during the quarter, compared to analyst estimates of $80.69 million. LXP Industrial Trust had a net margin of 35.06% and a trailing twelve-month return on equity of 5.17%. The company's quarterly revenue was down 13.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.22 earnings per share.

LXP Industrial Trust declared a quarterly dividend on Wednesday, March 15th. Stockholders of record on Friday, March 31st will be given a dividend of $0.125 per share on Monday, April 17th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date is Thursday, March 30th.
Read our dividend analysis for LXP.

ETFs with the largest weight of LXP Industrial Trust (NYSE:LXP) stock in their portfolio include NETLease Corporate Real Estate ETF (NETL), Invesco KBW Premium Yield Equity REIT ETF (KBWY), ALPS REIT Dividend Dogs ETF (RDOG), Pacer Industrial Real Estate ETF (INDS), ETFB Green SRI REITs ETF (RITA), Invesco S&P SmallCap Financials ETF (PSCF), U.S. Diversified Real Estate ETF (PPTY) and WisdomTree New Economy Real Estate ETF (WTRE).

LXP Industrial Trust (NYSE:LXP) pays an annual dividend of $0.50 per share and currently has a dividend yield of 4.81%. LXP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 131.58%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, LXP will have a dividend payout ratio of 70.42% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LXP.

LXP Industrial Trust updated its FY23 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of $0.66-$0.70 for the period, compared to the consensus EPS estimate of $0.69.

1 employees have rated LXP Industrial Trust Chief Executive Officer T. Wilson Eglin on Glassdoor.com. T. Wilson Eglin has an approval rating of 100% among the company's employees. This puts T. Wilson Eglin in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other LXP Industrial Trust investors own include Omega Healthcare Investors (OHI), VEREIT (VER), Federal Realty Investment Trust (FRT), New Residential Investment (NRZ), AT&T (T), Ford Motor (F), STAG Industrial (STAG), Uniti Group (UNIT), Realty Income (O) and Government Properties Income Trust (GOV).

LXP Industrial Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "LXP."

LXP Industrial Trust's stock is owned by a number of institutional and retail investors. Top institutional shareholders include State Street Corp (6.07%), Macquarie Group Ltd. (4.70%), Geode Capital Management LLC (1.99%), Charles Schwab Investment Management Inc. (1.44%), Dimensional Fund Advisors LP (1.35%) and Balyasny Asset Management L.P. (1.28%). Insiders that own company stock include Arun Gupta, Lawrence L Gray and Richard Frary.
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Shares of LXP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of LXP stock can currently be purchased for approximately $10.57.

LXP Industrial Trust (NYSE:LXP) has a market capitalization of $3.09 billion and generates $326.04 million in revenue each year. The real estate investment trust earns $113.78 million in net income (profit) each year or $0.38 on an earnings per share basis.

LXP Industrial Trust's mailing address is ONE PENN PLAZA SUITE 4015, NEW YORK NY, 10119. The official website for the company is www.lxp.com. The real estate investment trust can be reached via phone at (212) 692-7200, via email at hgentry@lxp.com, or via fax at 212-594-6600.