NYSE:LXP

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

$8.78
+0.12 (+1.39%)
(As of 04/23/2024 ET)
Today's Range
$8.66
$8.79
50-Day Range
$8.47
$9.32
52-Week Range
$7.75
$10.75
Volume
1.99 million shs
Average Volume
2.35 million shs
Market Capitalization
$2.58 billion
P/E Ratio
109.70
Dividend Yield
5.93%
Price Target
$11.00

LXP Industrial Trust MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
25.4% Upside
$11.00 Price Target
Short Interest
Healthy
1.24% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.03
Upright™ Environmental Score
News Sentiment
1.39mentions of LXP Industrial Trust in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
1.56%
From $0.64 to $0.65 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.

4.73 out of 5 stars

Finance Sector

95th out of 840 stocks

Real Estate Investment Trusts Industry

16th out of 171 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

The A.I. story nobody is telling you (Read ASAP)
There's been a lot of buzz surrounding A.I. over the past year... Most of it is just hype and speculation. But there's one recent A.I. development you NEED to hear about...
StockNews.com Upgrades LXP Industrial Trust (NYSE:LXP) to Hold
LXP Industrial Trust: A Speculative Case For M&A
The A.I. story nobody is telling you (Read ASAP)
There's been a lot of buzz surrounding A.I. over the past year... Most of it is just hype and speculation. But there's one recent A.I. development you NEED to hear about...
LXP Apr 2024 7.500 put
2 Industrial REITs to Buy for Yield and Income in 2024
Q4 2023 LXP Industrial Trust Earnings Call
LXP Industrial (LXP) Q4 FFO Match Estimates
LXP Industrial Trust Reports Fourth Quarter 2023 Results
LXP Industrial Trust Reports Fourth Quarter 2023 Results
LXP Industrial Trust LXP
See More Headlines
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Company Calendar

Last Earnings
2/15/2024
Ex-Dividend for 4/15 Dividend
3/27/2024
Dividend Payable
4/15/2024
Today
4/23/2024
Next Earnings (Confirmed)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Diversified REITs
CUSIP
52904310
Employees
64
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
+25.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 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
$7.42 per share

Miscellaneous

Free Float
287,904,000
Market Cap
$2.58 billion
Optionable
Optionable
Beta
0.80
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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?

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

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

1 brokers have issued 1 year price objectives for LXP Industrial Trust's shares. Their LXP share price targets range from $11.00 to $11.00. On average, they predict the company's stock price to reach $11.00 in the next year. This suggests a possible upside of 25.4% 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 11.5% and is now trading at $8.7750.
View the best growth stocks for 2024 here
.

Are investors shorting LXP Industrial Trust?

LXP Industrial Trust saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 3,660,000 shares, a decrease of 41.3% from the March 15th total of 6,230,000 shares. Based on an average daily volume of 2,340,000 shares, the short-interest ratio is currently 1.6 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 Thursday, May 2nd 2024.
View our LXP earnings forecast
.

How can I listen to LXP Industrial Trust's earnings call?

LXP Industrial Trust will be holding an earnings conference call on Thursday, May 2nd at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 647-362-9199 with passcode "1576583".

How were LXP Industrial Trust's earnings last quarter?

LXP Industrial Trust (NYSE:LXP) released its quarterly earnings results on Thursday, February, 15th. The real estate investment trust reported $0.04 EPS 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 firm's revenue was up 2.3% compared to the same quarter last year. During the same period last year, the business 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 declared a quarterly dividend on Monday, March 18th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.13 per share on Monday, April 15th. This represents a $0.52 dividend on an annualized basis and a yield of 5.93%. The ex-dividend date is Wednesday, March 27th.
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 6.14%. 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 EPS estimates, LXP will have a dividend payout ratio of 80.00% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for LXP.

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

LXP Industrial Trust updated 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 number of institutional and retail investors. Top institutional investors include Hazelview Securities Inc. (0.46%), Sumitomo Mitsui Trust Holdings Inc. (0.11%), Shikiar Asset Management Inc. (0.09%), Pensionfund DSM Netherlands (0.07%), Community Bank of Raymore (0.05%) and Louisiana State Employees Retirement System (0.05%). 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 4/23/2024 by MarketBeat.com Staff

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