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NYSE:LXP

LXP Industrial Trust - LXP Stock Forecast, Price & News

$10.58
+0.03 (+0.28%)
(As of 12/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$10.44
$10.58
50-Day Range
$8.97
$10.78
52-Week Range
$8.81
$16.10
Volume
1.39 million shs
Average Volume
2.30 million shs
Market Capitalization
$2.92 billion
P/E Ratio
9.20
Dividend Yield
4.55%
Price Target
$13.67

LXP Industrial Trust MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
29.2% Upside
$13.67 Price Target
Short Interest
Bearish
8.22% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.62
Upright™ Environmental Score
News Sentiment
0.99mentions of LXP Industrial Trust in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
4.48%
From $0.67 to $0.70 Per Share

Overall MarketRank

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

2.48 out of 5 stars

Finance Sector

362nd out of 889 stocks

Real Estate Investment Trusts Industry

81st out of 191 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.

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LXP Stock News Headlines

LXP Industrial Trust (NYSE:LXP) Upgraded to B- by TheStreet
LXP Industrial: Q3 Earnings Snapshot
LXP Industrial Trust Reports Third Quarter 2022 Results
LXP Industrial Trust (LXP-PC)
LXP Industrial: Q2 Earnings Snapshot
LXP Industrial Trust Q2 Adjusted FFO Falls
Lexington Realty Trust Q2 2022 Earnings Preview
See More Headlines
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LXP Company Calendar

Last Earnings
5/05/2022
Ex-Dividend for 10/17 Dividend
9/29/2022
Dividend Payable
10/17/2022
Today
12/09/2022
Ex-Dividend for 1/17 Dividend
12/29/2022
Fiscal Year End
12/31/2022
Dividend Payable
1/17/2023
Next Earnings (Estimated)
2/23/2023

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
$13.67
High Stock Price Forecast
$14.00
Low Stock Price Forecast
$13.00
Forecasted Upside/Downside
+29.2%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$382.65 million
Pretax Margin
99.33%

Debt

Sales & Book Value

Annual Sales
$344 million
Cash Flow
$2.00 per share
Book Value
$7.88 per share

Miscellaneous

Free Float
269,933,000
Market Cap
$2.92 billion
Optionable
Optionable
Beta
0.76

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?

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.

What is LXP Industrial Trust's stock price forecast for 2023?

2 Wall Street analysts have issued 12-month price objectives 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 share price to reach $13.67 in the next year. This suggests a possible upside of 29.2% 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 2022?

LXP Industrial Trust's stock was trading at $15.62 at the start of the year. Since then, LXP shares have decreased by 32.3% and is now trading at $10.58.
View the best growth stocks for 2022 here
.

When is LXP Industrial Trust's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 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 analysts' consensus estimates 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 net margin of 103.36% and a trailing twelve-month return on equity of 15.47%. The business's revenue was down 13.3% on a year-over-year basis. During the same period last year, the company 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 Thursday, November 3rd. Shareholders of record on Friday, December 30th will be paid a dividend of $0.125 per share on Tuesday, January 17th. This represents a $0.50 annualized dividend and a yield of 4.73%. The ex-dividend date of this dividend is Thursday, December 29th. This is a boost from the stock's previous quarterly dividend of $0.12.
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 4.55%. 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 41.74%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LXP will have a dividend payout ratio of 68.57% 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, November, 10th. The company provided earnings per share guidance of $0.65-$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 retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (16.56%), State Street Corp (6.24%), Macquarie Group Ltd. (4.11%), Long Pond Capital LP (3.79%), Dimensional Fund Advisors LP (1.72%) and Bank of New York Mellon Corp (1.24%). 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 $10.58.

How much money does LXP Industrial Trust make?

LXP Industrial Trust (NYSE:LXP) has a market capitalization of $2.92 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 $1.15 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 12/9/2022 by MarketBeat.com Staff