LXP Industrial Trust Stock Price, News & Analysis (NYSE:LXP)

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.
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LXP Industrial Trust's stock was trading at $10.02 at the beginning of the year. Since then, LXP shares have decreased by 8.5% and is now trading at $9.17.
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LXP Industrial Trust saw a increase in short interest during the month of October. As of October 31st, there was short interest totaling 7,360,000 shares, an increase of 32.9% from the October 15th total of 5,540,000 shares. Based on an average daily volume of 2,170,000 shares, the days-to-cover ratio is presently 3.4 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 15th 2024.
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LXP Industrial Trust (NYSE:LXP) issued its earnings results on Tuesday, October, 31st. The real estate investment trust reported $0.04 EPS for the quarter, missing the consensus estimate of $0.18 by $0.14. The real estate investment trust earned $85.42 million during the quarter, compared to analysts' expectations of $85.40 million. LXP Industrial Trust had a trailing twelve-month return on equity of 2.41% and a net margin of 16.02%. The company's revenue was up 6.7% on a year-over-year basis. During the same period last year, the company posted $0.17 EPS.

LXP Industrial Trust announced a quarterly dividend on Tuesday, October 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.67%. The ex-dividend date is Thursday, December 28th. This is a boost from the stock's previous quarterly dividend of $0.13.
Read our dividend analysis for LXP.

LXP Industrial Trust (NYSE:LXP) pays an annual dividend of $0.52 per share and currently has a dividend yield of 5.56%. 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 305.88%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, LXP will have a dividend payout ratio of 75.36% in the coming year. This indicates that the company may not be able to sustain their current dividend.
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 updated its FY 2023 earnings guidance on Tuesday, October, 31st. The company provided earnings per share (EPS) guidance of $0.68-$0.70 for the period, compared to the consensus estimate of $0.68. The company issued revenue guidance of -.

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's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Charles Schwab Investment Management Inc. (1.57%), Northern Trust Corp (1.53%), Massachusetts Financial Services Co. MA (1.41%), Bank of New York Mellon Corp (1.08%), Wellington Management Group LLP (0.93%) and Legal & General Group Plc (0.89%). 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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