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.
View LXP analyst ratings or view top-rated stocks.

2 brokers have issued 12-month target prices for LXP Industrial Trust's shares. Their LXP share price forecasts range from $13.00 to $14.00. On average, they expect the company's stock price to reach $13.67 in the next twelve months. This suggests a possible upside of 40.9% from the stock's current price.
View analysts price targets for LXP or view top-rated stocks among Wall Street analysts.

LXP Industrial Trust's stock was trading at $10.02 on January 1st, 2023. Since then, LXP shares have decreased by 3.2% and is now trading at $9.70.
View the best growth stocks for 2023 here.

LXP Industrial Trust saw a drop in short interest during the month of February. As of February 28th, there was short interest totaling 6,960,000 shares, a drop 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 short-interest ratio is currently 3.7 days.
View LXP Industrial Trust's Short Interest.

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) issued its quarterly earnings data on Thursday, May, 5th. The real estate investment trust reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.02. The real estate investment trust earned $80.30 million during the quarter, compared to analysts' expectations 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 firm's revenue was down 13.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.22 earnings per share.

LXP Industrial Trust declared a quarterly dividend on Wednesday, March 15th. Investors of record on Friday, March 31st will be given 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 5.15%. The ex-dividend date 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 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 many different institutional and retail investors. Top institutional shareholders 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.
View institutional ownership trends.

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.
Compare Top Brokerages Here.

One share of LXP stock can currently be purchased for approximately $9.70.

LXP Industrial Trust (NYSE:LXP) has a market capitalization of $2.84 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 $0.38 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.