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

LXP Industrial Trust (NYSE:LXP) announced a quarterly dividend on Monday, June 15th. Investors of record on Tuesday, June 30th will be given a dividend of 0.70 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Tuesday, June 30th.

LXP Industrial Trust has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 3 consecutive years. LXP Industrial Trust has a dividend payout ratio of 4,000.0% 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 $3.49 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 80.2%.

LXP Industrial Trust Price Performance

NYSE:LXP opened at $54.06 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.21 and a current ratio of 0.21. The stock’s 50-day simple moving average is $51.24 and its 200 day simple moving average is $49.81. The company has a market cap of $3.19 billion, a P/E ratio of 36.52 and a beta of 1.05. LXP Industrial Trust has a 52-week low of $38.20 and a 52-week high of $54.71.

LXP Industrial Trust (NYSE:LXP) last posted its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.80 EPS for the quarter. LXP Industrial Trust had a return on equity of 4.80% and a net margin of 27.05%.The business had revenue of $85.95 million during the quarter, compared to analysts’ expectations of $81.47 million. During the same quarter last year, the company posted $0.16 earnings per share. LXP Industrial Trust’s quarterly revenue was down 3.3% on a year-over-year basis. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. As a group, sell-side analysts forecast that LXP Industrial Trust will post 3.33 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Wall Street Zen upgraded LXP Industrial Trust from a “sell” rating to a “hold” rating in a report on Saturday. Weiss Ratings upgraded LXP Industrial Trust from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. KeyCorp reiterated a “sector weight” rating on shares of LXP Industrial Trust in a report on Tuesday, June 9th. JPMorgan Chase & Co. reduced their price target on LXP Industrial Trust from $50.00 to $49.00 and set a “neutral” rating for the company in a report on Thursday, March 5th. Finally, Evercore set a $54.00 price target on LXP Industrial Trust in a report on Monday, June 8th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $52.63.

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.