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NYSE:LXP

LXP Industrial Trust - LXP Stock Forecast, Price & News

$10.79
+0.04 (+0.37%)
(As of 08/9/2022 09:33 AM ET)
Add
Compare
Today's Range
$10.77
$10.79
50-Day Range
$10.04
$11.56
52-Week Range
$9.98
$16.10
Volume
2,185 shs
Average Volume
1.59 million shs
Market Capitalization
$3.02 billion
P/E Ratio
9.90
Dividend Yield
4.44%
Price Target
$14.80

LXP Industrial Trust MarketRank™ Forecast

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
37.7% Upside
$14.80 Price Target
Short Interest
Bearish
8.00% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.16
Upright™ Environmental Score
News Sentiment
0.71mentions of LXP Industrial Trust in the last 14 days
Based on 10 Articles This Week
Insider Trading
Acquiring Shares
$414,083 Bought Last Quarter
Proj. Earnings Growth
9.09%
From $0.66 to $0.72 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.91 out of 5 stars

Finance Sector

137th out of 885 stocks

Real Estate Investment Trusts Industry

25th out of 197 stocks

LXP stock logo

About LXP Industrial Trust (NYSE:LXP) Stock

Lexington Realty Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) that owns a portfolio of real estate assets consisting primarily of equity investments in single-tenant net-leased industrial properties across the United States. Lexington seeks to expand its industrial portfolio through build-to-suit transactions, sale-leaseback transactions and other transactions, including acquisitions.

Analyst Ratings Changes

LXP has been the topic of several recent research reports. Jefferies Financial Group reduced their price objective on LXP Industrial Trust from $15.50 to $14.00 and set a "buy" rating on the stock in a research report on Thursday, June 30th. StockNews.com upgraded LXP Industrial Trust from a "sell" rating to a "hold" rating in a research report on Monday, July 18th. Evercore ISI set a $13.00 price objective on LXP Industrial Trust in a research report on Monday, June 20th. TheStreet downgraded LXP Industrial Trust from a "b" rating to a "c+" rating in a research report on Thursday, May 5th. Finally, Bank of America started coverage on LXP Industrial Trust in a research report on Monday, April 18th. They set an "underperform" rating and a $14.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $14.80.

LXP Industrial Trust Trading Down 0.6 %

NYSE:LXP traded down $0.07 during trading hours on Monday, hitting $10.75. 1,197,670 shares of the company's stock were exchanged, compared to its average volume of 2,538,448. The business's 50 day moving average is $10.75 and its 200-day moving average is $12.93. LXP Industrial Trust has a 12-month low of $9.98 and a 12-month high of $16.10. The firm has a market capitalization of $3.09 billion, a P/E ratio of 9.93, a price-to-earnings-growth ratio of 9.48 and a beta of 0.72. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.10 and a current ratio of 0.10.

LXP Industrial Trust (NYSE:LXP - Get Rating) last released its quarterly earnings data on Thursday, May 5th. The real estate investment trust reported $0.03 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.02. The company had revenue of $80.30 million for the quarter, compared to the consensus estimate of $80.69 million. LXP Industrial Trust had a return on equity of 14.93% and a net margin of 97.24%. The company's quarterly revenue was down 13.3% compared to the same quarter last year. During the same period last year, the business posted $0.22 EPS. As a group, analysts anticipate that LXP Industrial Trust will post 0.66 EPS for the current fiscal year.

LXP Industrial Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were issued a $0.12 dividend. The ex-dividend date was Wednesday, June 29th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.47%. LXP Industrial Trust's dividend payout ratio (DPR) is 44.04%.

Insider Transactions at LXP Industrial Trust

In other news, Director Lawrence L. Gray acquired 2,260 shares of the business's stock in a transaction dated Monday, May 23rd. The shares were bought at an average cost of $11.13 per share, for a total transaction of $25,153.80. Following the acquisition, the director now directly owns 74,104 shares in the company, valued at approximately $824,777.52. The purchase was disclosed in a filing with the SEC, which is available through this link. In related news, Director Lawrence L. Gray bought 2,260 shares of the stock in a transaction dated Monday, May 23rd. The stock was acquired at an average price of $11.13 per share, for a total transaction of $25,153.80. Following the completion of the purchase, the director now owns 74,104 shares in the company, valued at $824,777.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Arun Gupta bought 9,100 shares of the stock in a transaction dated Friday, June 10th. The stock was bought at an average price of $10.88 per share, with a total value of $99,008.00. Following the purchase, the director now owns 16,865 shares of the company's stock, valued at approximately $183,491.20. The disclosure for this purchase can be found here. Insiders have bought a total of 33,595 shares of company stock worth $363,828 in the last three months. 2.06% of the stock is currently owned by company insiders.

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LXP Stock News Headlines

LXP Industrial: Q2 Earnings Snapshot
LXP Industrial Trust Q2 Adjusted FFO Falls
Lexington Realty Trust Q2 2022 Earnings Preview
LXP Industrial Trust
LXP Industrial Trust: Worth Another Look
LXP Industrial (LXP) Q1 FFO and Revenues Lag Estimates
See More Headlines
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LXP Company Calendar

Last Earnings
5/05/2022
Ex-Dividend for 7/15 Dividend
6/29/2022
Dividend Payable
7/15/2022
Today
8/09/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Diversified REITs
Sector
Finance
CUSIP
52904310
Employees
62
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$14.80
High Stock Price Forecast
$17.00
Low Stock Price Forecast
$13.00
Forecasted Upside/Downside
+37.2%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
5 Analysts

Profitability

Net Income
$382.65 million
Pretax Margin
92.93%

Debt

Sales & Book Value

Annual Sales
$344 million
Cash Flow
$1.99 per share
Book Value
$7.88 per share

Miscellaneous

Free Float
274,129,000
Market Cap
$3.02 billion
Optionable
Optionable
Beta
0.72

Key Executives

  • Mr. T. Wilson Eglin (Age 57)
    Chairman, Pres & CEO
    Comp: $4.07M
  • Ms. Beth Boulerice (Age 57)
    Exec. VP, CFO & Treasurer
    Comp: $1.27M
  • Mr. Joseph S. Bonventre (Age 46)
    COO, Exec. VP, Gen. Counsel & Sec.
    Comp: $1.44M
  • Mr. Brendan P. Mullinix (Age 47)
    Chief Investment Officer & Exec. VP
    Comp: $1.23M
  • Ms. Lara Sweeney Johnson (Age 49)
    Exec. VP of Investment & Chief Credit Officer
    Comp: $1.09M
  • Mr. Mark Cherone (Age 40)
    Sr. VP & Chief Accounting Officer
  • Ms. Heather T. Gentry
    Sr. VP of Investor Relations
  • Mr. Patrick Carroll (Age 58)
    Exec. VP & Chief Risk Officer
  • Mr. Nabil Andrawis
    Exec. VP & Director of Taxation
  • Mr. James Dudley (Age 41)
    Exec. VP & Director of Asset Management













LXP Stock - Frequently Asked Questions

Should I buy or sell LXP Industrial Trust stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for LXP Industrial Trust in the last twelve months. There are currently 1 sell rating, 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street 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.

What is LXP Industrial Trust's stock price forecast for 2022?

5 brokers have issued 1 year target prices for LXP Industrial Trust's stock. Their LXP share price forecasts range from $13.00 to $17.00. On average, they anticipate the company's share price to reach $14.80 in the next twelve months. This suggests a possible upside of 37.7% from the stock's current price.
View analysts price targets for LXP
or view top-rated stocks among Wall Street analysts.

How has LXP Industrial Trust's stock price performed in 2022?

LXP Industrial Trust's stock was trading at $15.62 on January 1st, 2022. Since then, LXP shares have decreased by 31.2% and is now trading at $10.75.
View the best growth stocks for 2022 here
.

When is LXP Industrial Trust's next earnings date?

LXP Industrial Trust is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our LXP earnings forecast
.

How were LXP Industrial Trust's earnings last quarter?

LXP Industrial Trust (NYSE:LXP) posted its quarterly earnings results on Thursday, May, 5th. The real estate investment trust reported $0.03 EPS for the quarter, beating 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 analysts' expectations of $80.69 million. LXP Industrial Trust had a net margin of 97.24% and a trailing twelve-month return on equity of 14.93%. The business's revenue was down 13.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.22 EPS.

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 Thursday, June 16th. Investors of record on Thursday, June 30th will be given a dividend of $0.12 per share on Friday, July 15th. This represents a $0.48 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date of this dividend is Wednesday, June 29th.
Read our dividend analysis for LXP
.

Is LXP Industrial Trust a good dividend stock?

LXP Industrial Trust (NYSE:LXP) pays an annual dividend of $0.48 per share and currently has a dividend yield of 4.44%. 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 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 44.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LXP will have a dividend payout ratio of 66.67% next year. This indicates that the company will be able to sustain or increase its 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 2022 earnings guidance on Thursday, August, 4th. The company provided EPS guidance of $0.64-$0.68 for the period. 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).

What is LXP Industrial Trust's stock symbol?

LXP Industrial Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "LXP."

Who are LXP Industrial Trust's major shareholders?

LXP Industrial Trust's stock is owned by many different institutional and retail investors. Top institutional shareholders include Victory Capital Management Inc. (0.83%), Asset Management One Co. Ltd. (0.25%), Leeward Investments LLC MA (0.25%), Community Bank of Raymore (0.25%), Shikiar Asset Management Inc. (0.22%) and New York State Teachers Retirement System (0.19%). Insiders that own company stock include Arun Gupta, Lara Sweeney Johnson, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is LXP Industrial Trust's stock price today?

One share of LXP stock can currently be purchased for approximately $10.75.

How much money does LXP Industrial Trust make?

LXP Industrial Trust (NYSE:LXP) has a market capitalization of $3.09 billion and generates $344 million in revenue each year. The real estate investment trust earns $382.65 million in net income (profit) each year or $1.09 on an earnings per share basis.

How many employees does LXP Industrial Trust have?

LXP Industrial Trust employs 62 workers across the globe.

How can I contact LXP Industrial Trust?

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.

This page (NYSE:LXP) was last updated on 8/9/2022 by MarketBeat.com Staff

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