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PYPL   60.56 (+0.36%)
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AMD   200.35 (+4.06%)
BABA   74.92 (+1.20%)
T   17.00 (+0.41%)
F   12.46 (+0.16%)
MU   95.47 (+5.36%)
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GE   159.19 (+1.47%)
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LXP Industrial Trust (LXP) Stock Price, News & Analysis

$8.69
+0.03 (+0.35%)
(As of 12:15 PM ET)
Today's Range
$8.54
$8.71
50-Day Range
$8.49
$10.10
52-Week Range
$7.75
$10.75
Volume
693,672 shs
Average Volume
2.25 million shs
Market Capitalization
$2.56 billion
P/E Ratio
108.64
Dividend Yield
5.98%
Price Target
$11.00

LXP Industrial Trust MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
27.0% Upside
$11.00 Price Target
Short Interest
Healthy
2.20% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.96
Upright™ Environmental Score
News Sentiment
1.87mentions of LXP Industrial Trust in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
9.37%
From $0.64 to $0.70 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.82 out of 5 stars

Finance Sector

66th out of 868 stocks

Real Estate Investment Trusts Industry

11th out of 178 stocks


LXP stock logo

About LXP Industrial Trust Stock (NYSE:LXP)

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 Stock Price History

LXP Stock News Headlines

2 Industrial REITs to Buy for Yield and Income in 2024
The Strategic Gold Play You Haven't Heard About
Experts recommend adding gold to your portfolio, but in what form? Some savvy investors are now rejecting coins and mining stocks in favor of a unique gold investment alternative. It holds explosive growth potential similar to a junior gold stock -- but with less risk exposure.
Q4 2023 LXP Industrial Trust Earnings Call
LXP Industrial (LXP) Q4 FFO Match Estimates
LXP Industrial Trust Reports Fourth Quarter 2023 Results
Americans Now Favor Gold Over Stocks as an Investment Vehicle
Americans now consider gold a better long-term investment than stocks for the first time since 2013. But physical gold requires storage and insurance, and gold mining stocks come with significant risks. Fortunately, investors have found a little-known way to benefit from gold that avoids many of these challenges.
LXP Industrial Trust Reports Fourth Quarter 2023 Results
LXP Industrial Trust LXP
STAG Vs. LXP: Which Is The Better Industrial REIT?
Q3 2023 LXP Industrial Trust Earnings Call
See More Headlines
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Company Calendar

Ex-Dividend for 1/16 Dividend
12/28/2023
Dividend Payable
1/16/2024
Last Earnings
2/15/2024
Today
3/01/2024
Next Earnings (Estimated)
5/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target
$11.00
High Stock Price Target
$11.00
Low Stock Price Target
$11.00
Potential Upside/Downside
+26.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$30.38 million
Pretax Margin
10.35%

Debt

Sales & Book Value

Annual Sales
$340.50 million
Cash Flow
$0.77 per share
Book Value
$7.38 per share

Miscellaneous

Free Float
288,404,000
Market Cap
$2.56 billion
Optionable
Optionable
Beta
0.81
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Key Executives

  • Mr. T. Wilson Eglin (Age 59)
    Chairman, President & CEO
    Comp: $2.62M
  • Ms. Beth Boulerice (Age 59)
    Executive VP, CFO & Treasurer
    Comp: $1.04M
  • Mr. Joseph S. Bonventre (Age 48)
    COO, Executive VP, General Counsel & Secretary
    Comp: $1.24M
  • Mr. Brendan P. Mullinix (Age 49)
    Chief Investment Officer & Executive VP
    Comp: $1.06M
  • Mr. James Dudley (Age 43)
    Executive VP & Director of Asset Management
    Comp: $855.17k
  • Mr. Mark Cherone (Age 42)
    Senior VP & Chief Accounting Officer
  • Ms. Heather T. Gentry
    Senior Vice President of Investor Relations
  • Ms. Sara Klein
    Director of Human Resources
  • Mr. Patrick Carroll (Age 60)
    Executive VP & Chief Risk Officer
    Comp: $818.24k
  • Ms. Natasha Roberts (Age 57)
    Executive VP & Director of Institutional Fund Management














LXP Stock Analysis - Frequently Asked Questions

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

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LXP Industrial Trust in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" LXP shares.
View LXP analyst ratings
or view top-rated stocks.

What is LXP Industrial Trust's stock price target for 2024?

2 Wall Street research analysts have issued 1 year price targets for LXP Industrial Trust's shares. Their LXP share price targets range from $11.00 to $11.00. On average, they expect the company's share price to reach $11.00 in the next twelve months. This suggests a possible upside of 27.0% from the stock's current price.
View analysts price targets for LXP
or view top-rated stocks among Wall Street analysts.

How have LXP shares performed in 2024?

LXP Industrial Trust's stock was trading at $9.92 at the beginning of 2024. Since then, LXP shares have decreased by 12.7% and is now trading at $8.66.
View the best growth stocks for 2024 here
.

Are investors shorting LXP Industrial Trust?

LXP Industrial Trust saw a increase in short interest during the month of January. As of January 31st, there was short interest totaling 6,820,000 shares, an increase of 20.3% from the January 15th total of 5,670,000 shares. Based on an average daily volume of 2,180,000 shares, the days-to-cover ratio is currently 3.1 days.
View LXP Industrial Trust's Short Interest
.

When is LXP Industrial Trust's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our LXP earnings forecast
.

How were LXP Industrial Trust's earnings last quarter?

LXP Industrial Trust (NYSE:LXP) released its quarterly earnings data on Thursday, February, 15th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by $0.13. The real estate investment trust had revenue of $83 million for the quarter, compared to analyst estimates of $83.74 million. LXP Industrial Trust had a net margin of 8.92% and a trailing twelve-month return on equity of 1.37%. The business's revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the firm earned $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 declared a quarterly dividend on Tuesday, October 31st. Shareholders of record on Friday, December 29th will be given a dividend of $0.13 per share on Tuesday, January 16th. This represents a $0.52 annualized dividend and a yield of 6.00%. The ex-dividend date of this dividend is Thursday, December 28th. This is a boost from the stock's previous quarterly dividend of $0.13.
Read our dividend analysis for LXP
.

Is LXP Industrial Trust a good dividend stock?

LXP Industrial Trust (NYSE:LXP) pays an annual dividend of $0.52 per share and currently has a dividend yield of 6.12%. 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 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 650.00%. 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 74.29% 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 issued an update on its FY 2024 earnings guidance on Friday, February, 16th. The company provided EPS guidance of 0.610-0.650 for the period, compared to the consensus earnings per share estimate of 0.660. The company issued revenue guidance of -.

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).

Who are LXP Industrial Trust's major shareholders?

LXP Industrial Trust's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (16.15%), Charles Schwab Investment Management Inc. (1.64%), Massachusetts Financial Services Co. MA (1.41%), Dimensional Fund Advisors LP (1.41%), Frontier Capital Management Co. LLC (1.39%) and Northern Trust Corp (1.31%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:LXP) was last updated on 3/1/2024 by MarketBeat.com Staff