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

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.

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

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.

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.

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

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.

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.

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 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.
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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 $9.42.

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.

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.