LXP Industrial Trust (LXP) Expected to Announce Quarterly Earnings on Thursday

LXP Industrial Trust (NYSE:LXP) is expected to announce its Q1 2025 earnings results before the market opens on Thursday, May 1st. Analysts expect the company to announce earnings of $0.16 per share and revenue of $84.72 million for the quarter. LXP Industrial Trust has set its FY 2024 guidance at 0.610-0.650 EPS.

LXP Industrial Trust (NYSE:LXP) last issued its earnings results on Thursday, February 13th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.18. LXP Industrial Trust had a return on equity of 2.15% and a net margin of 12.40%. The business had revenue of $100.85 million during the quarter, compared to analyst estimates of $84.57 million. On average, analysts expect LXP Industrial Trust to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

LXP Industrial Trust Trading Down 0.4 %

Shares of NYSE:LXP opened at $7.90 on Wednesday. LXP Industrial Trust has a 12-month low of $6.85 and a 12-month high of $10.57. The business’s fifty day simple moving average is $8.41 and its 200-day simple moving average is $8.68. The company has a market capitalization of $2.33 billion, a PE ratio of 60.74 and a beta of 0.95. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.21.

LXP Industrial Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.135 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.54 dividend on an annualized basis and a dividend yield of 6.84%. LXP Industrial Trust’s dividend payout ratio is presently 415.38%.

Analysts Set New Price Targets

Separately, JMP Securities reiterated a “market perform” rating on shares of LXP Industrial Trust in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, LXP Industrial Trust presently has an average rating of “Hold” and a consensus target price of $11.33.

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.