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

$10.32
-0.02 (-0.19%)
(As of 10:39 AM ET)
Compare
Today's Range
$10.22
$10.38
50-Day Range
$9.14
$10.31
52-Week Range
$8.81
$11.92
Volume
456,675 shs
Average Volume
1.97 million shs
Market Capitalization
$3.02 billion
P/E Ratio
27.16
Dividend Yield
4.84%
Price Target
$13.50

LXP Industrial Trust MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
30.6% Upside
$13.50 Price Target
Short Interest
Healthy
1.96% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.01
Upright™ Environmental Score
News Sentiment
1.84mentions of LXP Industrial Trust in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
2.90%
From $0.69 to $0.71 Per Share

Overall MarketRank

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

2.84 out of 5 stars

Finance Sector

264th out of 901 stocks

Real Estate Investment Trusts Industry

36th out of 190 stocks


LXP stock logo

About LXP Industrial Trust (NYSE:LXP) Stock

LXP Industrial Trust is a real estate investment trust, which engages in financing, acquisition, and ownership of portfolio of single-tenant commercial properties. It also provides investment advisory and asset management services. The company was founded by E. Robert Roskind in October 1993 and is headquartered in New York, NY.

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LXP Stock News Headlines

Graphite Shortage Could Derail the $7 Trillion EV Transition
Graphite (not lithium) is expected to see the largest increase in demand of all battery metals over the next decade. But projections warn of an 8 million ton shortfall of graphite by 2040. That's why 97 more graphite mines are needed just to keep up with battery production for the $7 trillion transition to electric vehicles.
LXP Industrial Trust (LXP) was upgraded to a Buy Rating at KeyBanc
LXP Industrial: High Yield And Great Value
Graphite Shortage Could Derail the $7 Trillion EV Transition
Graphite (not lithium) is expected to see the largest increase in demand of all battery metals over the next decade. But projections warn of an 8 million ton shortfall of graphite by 2040. That's why 97 more graphite mines are needed just to keep up with battery production for the $7 trillion transition to electric vehicles.
LXP Industrial Trust Adjusted FFO Rises; Backs Outlook
LXP Industrial Trust Becomes Oversold
See More Headlines

LXP Price History

LXP Company Calendar

Last Earnings
5/05/2022
Ex-Dividend for 4/17 Dividend
3/30/2023
Dividend Payable
4/17/2023
Today
6/01/2023
Next Earnings (Estimated)
8/03/2023
Fiscal Year End
12/31/2023

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
$13.50
High Stock Price Forecast
$14.00
Low Stock Price Forecast
$13.00
Forecasted Upside/Downside
+30.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$113.78 million
Pretax Margin
33.51%

Debt

Sales & Book Value

Annual Sales
$321.24 million
Cash Flow
$1.10 per share
Book Value
$7.75 per share

Miscellaneous

Free Float
286,729,000
Market Cap
$3.03 billion
Optionable
Optionable
Beta
0.82

Key Executives

  • T. Wilson Eglin
    Chairman, President & Chief Executive Officer
  • Joseph S. Bonventre
    COO, Secretary, Executive VP & General Counsel
  • Beth Boulerice
    Chief Financial Officer, Treasurer & Executive VP
  • Brendan P. Mullinix
    Chief Investment Officer & Executive VP
  • Natasha Roberts
    EVP & Director-Institutional Fund Management













LXP Stock - Frequently Asked Questions

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

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LXP Industrial Trust in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street 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 forecast for 2023?

2 analysts have issued 12 month price targets for LXP Industrial Trust's stock. Their LXP share price forecasts range from $13.00 to $14.00. On average, they predict the company's stock price to reach $13.50 in the next year. This suggests a possible upside of 30.6% 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 2023?

LXP Industrial Trust's stock was trading at $10.02 at the start of the year. Since then, LXP shares have increased by 3.2% and is now trading at $10.34.
View the best growth stocks for 2023 here
.

Are investors shorting LXP Industrial Trust?

LXP Industrial Trust saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 5,920,000 shares, an increase of 10.2% from the April 15th total of 5,370,000 shares. Based on an average daily trading volume, of 2,100,000 shares, the short-interest ratio is presently 2.8 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, August 3rd 2023.
View our LXP earnings forecast
.

How were LXP Industrial Trust's earnings last quarter?

LXP Industrial Trust (NYSE:LXP) announced 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 had revenue of $80.30 million for 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 35.06%. The business's revenue for the quarter was down 13.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.22 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 Wednesday, March 15th. Investors 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 yield of 4.84%. The ex-dividend date of this dividend is Thursday, March 30th.
Read our dividend analysis for LXP
.

Is LXP Industrial Trust a good dividend stock?

LXP Industrial Trust (NYSE:LXP) pays an annual dividend of $0.50 per share and currently has a dividend yield of 4.89%. 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 70.42% 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 FY23 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share guidance of $0.66-$0.70 for the period, compared to the consensus earnings per share estimate of $0.69.

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 a number of retail and institutional investors. Top institutional investors include State Street Corp (6.07%), Macquarie Group Ltd. (4.70%), Geode Capital Management LLC (1.99%), Charles Schwab Investment Management Inc. (1.44%), Dimensional Fund Advisors LP (1.35%) and Balyasny Asset Management L.P. (1.28%). 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 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 $10.34.

How much money does LXP Industrial Trust make?

LXP Industrial Trust (NYSE:LXP) has a market capitalization of $3.03 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.

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 6/1/2023 by MarketBeat.com Staff

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