LXP Industrial Trust - LXP Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for LXP Industrial Trust in the last year. There are currently 1 sell rating and 1 buy rating for the stock. The consensus among Wall Street equities research 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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2 Wall Street analysts have issued twelve-month price objectives for LXP Industrial Trust's shares. Their LXP share price forecasts range from $13.00 to $14.00. On average, they predict the company's stock price to reach $13.67 in the next year. This suggests a possible upside of 39.2% from the stock's current price.
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LXP Industrial Trust's stock was trading at $10.02 at the beginning of 2023. Since then, LXP shares have decreased by 2.0% and is now trading at $9.82.
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LXP Industrial Trust saw a decline in short interest during the month of February. As of February 28th, there was short interest totaling 6,960,000 shares, a decline of 51.2% from the February 13th total of 14,250,000 shares. Based on an average daily volume of 1,900,000 shares, the days-to-cover ratio is presently 3.7 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our LXP earnings forecast.

LXP Industrial Trust (NYSE:LXP) released its quarterly earnings data on Thursday, May, 5th. The real estate investment trust reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.02. The real estate investment trust had revenue of $80.30 million for the quarter, compared to analyst estimates of $80.69 million. LXP Industrial Trust had a trailing twelve-month return on equity of 5.17% and a net margin of 35.42%. The business's revenue for the quarter was down 13.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.22 earnings per share.

LXP Industrial Trust announced a quarterly dividend on Wednesday, March 15th. Shareholders of record on Friday, March 31st will be paid a dividend of $0.125 per share on Monday, April 17th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.09%. The ex-dividend date of this dividend is Thursday, March 30th.
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), Invesco KBW Premium Yield Equity REIT ETF (KBWY), Pacer Industrial Real Estate ETF (INDS), ETFB Green SRI REITs ETF (RITA), Invesco S&P SmallCap Financials ETF (PSCF), U.S. Diversified Real Estate ETF (PPTY) and Fidelity Real Estate Investment ETF (FPRO).

LXP Industrial Trust (NYSE:LXP) pays an annual dividend of $0.50 per share and currently has a dividend yield of 5.32%. 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 131.58%. 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 69.44% 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 FY 2023 earnings guidance on Monday, February, 20th. The company provided earnings per share (EPS) guidance of $0.66-$0.70 for the period, compared to the consensus earnings per share estimate of $0.69. 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 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 investors include Macquarie Group Ltd. (4.09%), Long Pond Capital LP (3.02%), Geode Capital Management LLC (2.05%), Charles Schwab Investment Management Inc. (1.49%), Dimensional Fund Advisors LP (1.37%) and Fisher Asset Management LLC (1.08%). 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 $9.82.

LXP Industrial Trust (NYSE:LXP) has a market capitalization of $2.87 billion and generates $321.25 million in revenue each year. The real estate investment trust earns $113.78 million in net income (profit) each year or $0.38 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.