LXP Industrial Trust (LXP) to Issue Quarterly Dividend of $0.70 on April 15th

LXP Industrial Trust (NYSE:LXP) announced a quarterly dividend on Monday, March 16th. Stockholders of record on Tuesday, March 31st will be given a dividend of 0.70 per share by the real estate investment trust on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend is Tuesday, March 31st.

LXP Industrial Trust has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 3 years. LXP Industrial Trust has a payout ratio of 4,000.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect LXP Industrial Trust to earn $0.73 per share next year, which means the company may not be able to cover its $2.80 annual dividend with an expected future payout ratio of 383.6%.

LXP Industrial Trust Trading Down 1.3%

LXP stock opened at $46.18 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.18. LXP Industrial Trust has a twelve month low of $34.25 and a twelve month high of $52.52. The company has a market cap of $2.73 billion, a P/E ratio of 25.51 and a beta of 1.09. The business has a fifty day moving average of $48.74 and a 200-day moving average of $47.94.

LXP Industrial Trust (NYSE:LXP) last posted its quarterly earnings results on Thursday, February 12th. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.06). The firm had revenue of $86.74 million during the quarter, compared to the consensus estimate of $86.05 million. LXP Industrial Trust had a net margin of 32.27% and a return on equity of 5.70%. LXP Industrial Trust’s revenue was down 14.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.16 EPS. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. As a group, equities research analysts expect that LXP Industrial Trust will post 0.63 EPS for the current year.

Institutional Trading of LXP Industrial Trust

Hedge funds have recently added to or reduced their stakes in the business. Xponance Inc. raised its position in shares of LXP Industrial Trust by 0.9% during the third quarter. Xponance Inc. now owns 24,780 shares of the real estate investment trust’s stock worth $222,000 after purchasing an additional 216 shares during the period. IFP Advisors Inc grew its position in shares of LXP Industrial Trust by 63.8% in the 4th quarter. IFP Advisors Inc now owns 837 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 326 shares during the period. Allworth Financial LP increased its stake in LXP Industrial Trust by 5.9% during the 3rd quarter. Allworth Financial LP now owns 5,969 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 332 shares in the last quarter. EQ Wealth Advisors LLC bought a new stake in LXP Industrial Trust during the 4th quarter worth approximately $34,000. Finally, Choreo LLC raised its holdings in LXP Industrial Trust by 3.0% during the 3rd quarter. Choreo LLC now owns 29,751 shares of the real estate investment trust’s stock worth $271,000 after buying an additional 854 shares during the period. Institutional investors and hedge funds own 93.52% of the company’s stock.

About LXP Industrial Trust

LXP Industrial Trust is a real estate investment trust that specializes in the ownership, acquisition and management of industrial properties across North America. The company’s portfolio consists of warehouses, distribution centers and manufacturing facilities designed to support supply-chain and logistics operations. By focusing on long-term leasing arrangements, LXP Industrial Trust aims to provide stable income streams while delivering value to tenants through modern, well-positioned industrial space.

The firm’s primary business activities include sourcing and under-writing new property investments, overseeing development and redevelopment projects, and implementing asset-management strategies to enhance the performance of its holdings.