LXP Industrial Trust (NYSE:LXP) Updates FY 2025 Earnings Guidance

LXP Industrial Trust (NYSE:LXP) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.630-0.640 for the period, compared to the consensus estimate of 0.320. The company issued revenue guidance of -.

LXP Industrial Trust Trading Down 0.3%

Shares of LXP Industrial Trust stock opened at $9.50 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.13 and a quick ratio of 0.13. The stock’s 50 day simple moving average is $9.19 and its 200-day simple moving average is $8.58. The stock has a market cap of $2.81 billion, a P/E ratio of 33.91 and a beta of 1.05. LXP Industrial Trust has a 1-year low of $6.85 and a 1-year high of $9.95.

LXP Industrial Trust (NYSE:LXP) last posted its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. The firm had revenue of $86.74 million during the quarter, compared to analysts’ expectations of $87.25 million. LXP Industrial Trust had a return on equity of 4.34% and a net margin of 24.07%.The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.16 earnings per share. Analysts predict that LXP Industrial Trust will post 0.63 EPS for the current fiscal year.

LXP Industrial Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a dividend of $0.135 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 5.7%. LXP Industrial Trust’s dividend payout ratio (DPR) is currently 192.86%.

Analyst Ratings Changes

LXP has been the subject of a number of research analyst reports. Wolfe Research initiated coverage on shares of LXP Industrial Trust in a research report on Friday, August 22nd. They set an “outperform” rating and a $10.00 price objective for the company. Citizens Jmp upgraded LXP Industrial Trust from a “market perform” rating to an “outperform” rating and set a $11.50 price target on the stock in a research note on Tuesday. Citigroup upgraded LXP Industrial Trust to an “outperform” rating in a research report on Tuesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LXP Industrial Trust in a research note on Wednesday, October 8th. Finally, JMP Securities set a $11.50 price objective on LXP Industrial Trust and gave the company a “market outperform” rating in a report on Tuesday. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $10.80.

Hedge Funds Weigh In On LXP Industrial Trust

Several institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC increased its position in shares of LXP Industrial Trust by 101.7% during the second quarter. EverSource Wealth Advisors LLC now owns 3,481 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 1,755 shares during the period. Geneos Wealth Management Inc. grew its stake in LXP Industrial Trust by 82.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,623 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,632 shares in the last quarter. Corient Private Wealth LLC purchased a new stake in LXP Industrial Trust during the 2nd quarter worth about $90,000. CW Advisors LLC purchased a new stake in LXP Industrial Trust during the 2nd quarter worth about $112,000. Finally, Smartleaf Asset Management LLC raised its position in LXP Industrial Trust by 14.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 13,954 shares of the real estate investment trust’s stock valued at $118,000 after purchasing an additional 1,742 shares in the last quarter. Institutional investors and hedge funds own 93.52% of the company’s stock.

LXP Industrial Trust Company Profile

LXP Industrial Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) focused on single-tenant industrial real estate investments across the United States. LXP seeks to expand its industrial portfolio through acquisitions, build-to-suit transactions, sale-leaseback transactions, development projects and other transactions.