LXP Industrial Trust (LXP) to Issue Quarterly Dividend of $0.70 on April 15th

LXP Industrial Trust (NYSE:LXP) announced a quarterly dividend on Monday, March 16th. Investors of record on Tuesday, March 31st will be paid a dividend of 0.70 per share by the real estate investment trust on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 5.8%. The ex-dividend date is Tuesday, March 31st.

LXP Industrial Trust has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 3 years. LXP Industrial Trust has a payout ratio of 800.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect LXP Industrial Trust to earn $0.73 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 76.7%.

LXP Industrial Trust Trading Up 1.7%

Shares of LXP Industrial Trust stock opened at $48.61 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.24 and a quick ratio of 0.24. LXP Industrial Trust has a 1 year low of $34.25 and a 1 year high of $52.52. The firm has a market cap of $2.87 billion, a PE ratio of 26.85 and a beta of 1.09. The company has a 50 day simple moving average of $49.28 and a two-hundred day simple moving average of $47.86.

LXP Industrial Trust (NYSE:LXP) last issued its quarterly earnings results on Thursday, February 12th. The real estate investment trust reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.06). The company had revenue of $86.74 million during the quarter, compared to the consensus estimate of $86.05 million. LXP Industrial Trust had a return on equity of 5.70% and a net margin of 32.27%.LXP Industrial Trust’s quarterly revenue was down 14.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.16 EPS. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. Analysts expect that LXP Industrial Trust will post 0.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on LXP shares. Citigroup reissued an “outperform” rating on shares of LXP Industrial Trust in a research note on Friday, February 13th. Evercore set a $51.00 price target on LXP Industrial Trust in a research note on Friday, February 13th. KeyCorp cut LXP Industrial Trust from an “overweight” rating to a “sector weight” rating in a report on Thursday, December 4th. Weiss Ratings lowered LXP Industrial Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Finally, JPMorgan Chase & Co. decreased their price objective on LXP Industrial Trust from $50.00 to $49.00 and set a “neutral” rating on the stock in a report on Thursday, March 5th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $51.50.

LXP Industrial Trust Company Profile

LXP Industrial Trust is a real estate investment trust that specializes in the ownership, acquisition and management of industrial properties across North America. The company’s portfolio consists of warehouses, distribution centers and manufacturing facilities designed to support supply-chain and logistics operations. By focusing on long-term leasing arrangements, LXP Industrial Trust aims to provide stable income streams while delivering value to tenants through modern, well-positioned industrial space.

The firm’s primary business activities include sourcing and under-writing new property investments, overseeing development and redevelopment projects, and implementing asset-management strategies to enhance the performance of its holdings.