LXP Industrial Trust (NYSE:LXP) Announces Quarterly Earnings Results

LXP Industrial Trust (NYSE:LXP) posted its quarterly earnings results on Thursday. The real estate investment trust reported $0.16 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.18, Zacks reports. LXP Industrial Trust had a net margin of 7.64% and a return on equity of 1.24%. LXP Industrial Trust updated its FY 2024 guidance to 0.610-0.650 EPS.

LXP Industrial Trust Trading Up 3.5 %

Shares of LXP Industrial Trust stock traded up $0.29 on Thursday, reaching $8.46. The company had a trading volume of 1,273,988 shares, compared to its average volume of 2,057,530. The firm’s 50 day moving average price is $8.38 and its two-hundred day moving average price is $9.29. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.12 and a current ratio of 0.12. LXP Industrial Trust has a 52-week low of $7.65 and a 52-week high of $10.56. The firm has a market cap of $2.49 billion, a PE ratio of 140.94 and a beta of 0.89.

Wall Street Analyst Weigh In

Separately, JMP Securities reissued a “market perform” rating on shares of LXP Industrial Trust in a research note on Friday, December 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target 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.