LXP Industrial Trust (NYSE:LXP – Get Free Report) is set to release its earnings data before the market opens on Wednesday, July 31st. Analysts expect LXP Industrial Trust to post earnings of $0.16 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.
LXP Industrial Trust Stock Down 0.4 %
Shares of LXP stock opened at $10.33 on Tuesday. The firm has a fifty day moving average of $9.20 and a 200-day moving average of $9.01. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. LXP Industrial Trust has a 12-month low of $7.75 and a 12-month high of $10.49. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 258.31 and a beta of 0.86.
LXP Industrial Trust Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date of this dividend was Friday, June 28th. LXP Industrial Trust’s dividend payout ratio (DPR) is currently 1,300.33%.
Insider Activity
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the stock. StockNews.com downgraded shares of LXP Industrial Trust from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. Jefferies Financial Group raised their target price on shares of LXP Industrial Trust from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Friday, June 7th. Finally, BNP Paribas assumed coverage on shares of LXP Industrial Trust in a research report on Tuesday, June 4th. They issued an “outperform” rating and a $11.00 target price for the company.
Get Our Latest Research Report on LXP
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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