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

$9.41
+0.10 (+1.07%)
(As of 09/22/2023 ET)
Compare
Today's Range
$9.31
$9.48
50-Day Range
$9.32
$10.70
52-Week Range
$8.81
$11.92
Volume
2.30 million shs
Average Volume
2.00 million shs
Market Capitalization
$2.75 billion
P/E Ratio
44.84
Dividend Yield
5.31%
Price Target
N/A

LXP Industrial Trust MarketRank™ Forecast

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
2.03% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.21
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
2.90%
From $0.69 to $0.71 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.33 out of 5 stars

Finance Sector

467th out of 806 stocks

Real Estate Investment Trusts Industry

100th out of 171 stocks


LXP stock logo

About LXP Industrial Trust (NYSE:LXP) Stock

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.

LXP Price History

LXP Stock News Headlines

Get Your Cash Out of U.S. Banks Immediately
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Get Your Cash Out of U.S. Banks Immediately
Man who predicted 2023 bank run warns a historic financial reset is coming. Get out of cash and into a new vehicle 50 years in the making. Click here to learn more.
LXP Industrial (LXP) Tops Q2 FFO and Revenue Estimates
LXP Industrial Trust (LXP) was upgraded to a Buy Rating at KeyBanc
LXP Industrial: High Yield And Great Value
LXP Industrial Trust Adjusted FFO Rises; Backs Outlook
See More Headlines
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LXP Company Calendar

Ex-Dividend for 7/17 Dividend
6/29/2023
Dividend Payable
7/17/2023
Last Earnings
8/02/2023
Today
9/22/2023
Ex-Dividend for 10/16 Dividend
9/28/2023
Dividend Payable
10/16/2023
Next Earnings (Estimated)
11/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Diversified REITs
Sector
Finance
CUSIP
52904310
Employees
66
Year Founded
N/A

Profitability

Net Income
$113.78 million
Pretax Margin
19.95%

Debt

Sales & Book Value

Annual Sales
$321.24 million
Cash Flow
$1.07 per share
Book Value
$8.33 per share

Miscellaneous

Free Float
286,754,000
Market Cap
$2.76 billion
Optionable
Optionable
Beta
0.78
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Key Executives

  • Mr. T. Wilson Eglin (Age 58)
    Chairman, Pres & CEO
    Comp: $2.62M
  • Ms. Beth Boulerice (Age 58)
    Exec. VP, CFO & Treasurer
    Comp: $1.04M
  • Mr. Joseph S. Bonventre (Age 47)
    COO, Exec. VP, Gen. Counsel & Sec.
    Comp: $1.24M
  • Mr. Brendan P. Mullinix (Age 48)
    Chief Investment Officer & Exec. VP
    Comp: $1.06M
  • Mr. James Dudley (Age 42)
    Exec. VP & Director of Asset Management
    Comp: $855.17k
  • Mr. Mark Cherone (Age 41)
    Sr. VP & Chief Accounting Officer
  • Ms. Heather T. Gentry
    Sr. VP of Investor Relations
  • Ms. Sara Klein
    Director of HR
  • Mr. Patrick Carroll (Age 59)
    Exec. VP & Chief Risk Officer
  • Ms. Natasha Roberts (Age 56)
    Exec. VP & Director of Institutional Fund Management













LXP Stock - Frequently Asked Questions

Should I buy or sell LXP Industrial Trust stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LXP Industrial Trust in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" LXP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LXP, but not buy additional shares or sell existing shares.
View LXP analyst ratings
or view top-rated stocks.

How have LXP shares performed in 2023?

LXP Industrial Trust's stock was trading at $10.02 at the beginning of the year. Since then, LXP shares have decreased by 6.0% and is now trading at $9.42.
View the best growth stocks for 2023 here
.

When is LXP Industrial Trust's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our LXP earnings forecast
.

How were LXP Industrial Trust's earnings last quarter?

LXP Industrial Trust (NYSE:LXP) posted its quarterly earnings results on Wednesday, August, 2nd. The real estate investment trust reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by $0.20. The real estate investment trust earned $87.05 million during the quarter, compared to the consensus estimate of $83.35 million. LXP Industrial Trust had a net margin of 19.50% and a trailing twelve-month return on equity of 2.92%. LXP Industrial Trust's quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.17 earnings per share.

How often does LXP Industrial Trust pay dividends? What is the dividend yield for LXP Industrial Trust?

LXP Industrial Trust announced a quarterly dividend on Wednesday, September 13th. Shareholders of record on Friday, September 29th will be given a dividend of $0.125 per share on Monday, October 16th. This represents a $0.50 annualized dividend and a yield of 5.31%. The ex-dividend date of this dividend is Thursday, September 28th.
Read our dividend analysis for LXP
.

Is LXP Industrial Trust a good dividend stock?

LXP Industrial Trust (NYSE:LXP) pays an annual dividend of $0.50 per share and currently has a dividend yield of 5.18%. 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 238.11%. 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.

What guidance has LXP Industrial Trust issued on next quarter's earnings?

LXP Industrial Trust updated its FY23 earnings guidance on Wednesday, August, 2nd. The company provided EPS guidance of $0.66-0.70 for the period, compared to the consensus estimate of $0.69.

What is T. Wilson Eglin's approval rating as LXP Industrial Trust's CEO?

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.

What other stocks do shareholders of LXP Industrial Trust own?

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).

What is LXP Industrial Trust's stock symbol?

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

Who are LXP Industrial Trust's major shareholders?

LXP Industrial Trust's stock is owned by a number of retail and institutional investors. Top institutional shareholders include State Street Corp (6.34%), Geode Capital Management LLC (2.14%), Charles Schwab Investment Management Inc. (1.52%), Northern Trust Corp (1.52%), Long Pond Capital LP (1.51%) and Dimensional Fund Advisors LP (1.40%). Insiders that own company stock include Arun Gupta, Lawrence L Gray and Richard Frary.
View institutional ownership trends
.

How do I buy shares of LXP Industrial Trust?

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.
Compare Top Brokerages Here.

What is LXP Industrial Trust's stock price today?

One share of LXP stock can currently be purchased for approximately $9.42.

How much money does LXP Industrial Trust make?

LXP Industrial Trust (NYSE:LXP) has a market capitalization of $2.76 billion and generates $321.24 million in revenue each year. The real estate investment trust earns $113.78 million in net income (profit) each year or $0.21 on an earnings per share basis.

How can I contact LXP Industrial Trust?

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.

This page (NYSE:LXP) was last updated on 9/22/2023 by MarketBeat.com Staff

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