LXP Industrial Trust (NYSE:LXP) Posts Earnings Results, Hits Expectations

LXP Industrial Trust (NYSE:LXP - Get Free Report) posted its earnings results on Thursday. The real estate investment trust reported $0.16 EPS for the quarter, hitting analysts' consensus estimates of $0.16, Zacks reports. LXP Industrial Trust had a return on equity of 4.34% and a net margin of 24.07%.LXP Industrial Trust's revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.16 EPS. LXP Industrial Trust updated its FY 2025 guidance to 0.630-0.640 EPS.

LXP Industrial Trust Stock Performance

LXP traded up $0.23 during trading on Thursday, reaching $9.75. The company's stock had a trading volume of 4,324,586 shares, compared to its average volume of 3,535,781. LXP Industrial Trust has a 52-week low of $6.85 and a 52-week high of $9.95. The company's fifty day moving average price is $9.21 and its 200-day moving average price is $8.59. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of 34.82 and a beta of 1.05. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.13 and a current ratio of 0.13.

LXP Industrial Trust shares are scheduled to reverse split before the market opens on Monday, November 10th. The 1-5 reverse split was announced on Thursday, October 30th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, November 7th.

LXP Industrial Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Friday, January 30th will be issued a $0.8125 dividend. The ex-dividend date of this dividend is Friday, January 30th. This represents a $3.25 dividend on an annualized basis and a yield of 33.3%. This is a boost from LXP Industrial Trust's previous quarterly dividend of $0.14. LXP Industrial Trust's dividend payout ratio is presently 192.86%.

Institutional Investors Weigh In On LXP Industrial Trust

Several institutional investors have recently modified their holdings of the company. Balyasny Asset Management L.P. boosted its stake in shares of LXP Industrial Trust by 269.0% during the 2nd quarter. Balyasny Asset Management L.P. now owns 6,432,356 shares of the real estate investment trust's stock worth $53,131,000 after acquiring an additional 4,688,972 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of LXP Industrial Trust by 14.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,717,830 shares of the real estate investment trust's stock worth $32,159,000 after acquiring an additional 458,195 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of LXP Industrial Trust by 7.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,970,354 shares of the real estate investment trust's stock worth $15,042,000 after acquiring an additional 135,289 shares in the last quarter. Qube Research & Technologies Ltd boosted its stake in shares of LXP Industrial Trust by 359.3% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,918,740 shares of the real estate investment trust's stock worth $15,849,000 after acquiring an additional 1,501,010 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in shares of LXP Industrial Trust by 21.8% during the 2nd quarter. Sei Investments Co. now owns 1,908,021 shares of the real estate investment trust's stock worth $15,760,000 after acquiring an additional 341,272 shares in the last quarter. Hedge funds and other institutional investors own 93.52% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LXP. Wolfe Research began coverage on LXP Industrial Trust in a research report on Friday, August 22nd. They issued an "outperform" rating and a $10.00 price target on the stock. Evercore ISI boosted their price target on LXP Industrial Trust from $10.00 to $11.00 and gave the company an "in-line" rating in a research report on Monday, October 6th. JMP Securities set a $11.50 price target on LXP Industrial Trust and gave the company a "market outperform" rating in a research report on Tuesday. 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 report on Tuesday. Finally, Weiss Ratings restated a "hold (c)" rating on shares of LXP Industrial Trust in a research report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, LXP Industrial Trust currently has a consensus rating of "Moderate Buy" and a consensus target price of $10.80.

View Our Latest Stock Report on LXP Industrial Trust

About LXP Industrial Trust

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.

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