LXP Industrial Trust (NYSE:LXP) Releases Quarterly Earnings Results, Beats Expectations By $1.47 EPS

LXP Industrial Trust (NYSE:LXP) posted its quarterly earnings results on Tuesday. The real estate investment trust reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $1.47, FiscalAI reports. The firm had revenue of $90.78 million during the quarter, compared to analyst estimates of $86.90 million. LXP Industrial Trust had a return on equity of 3.37% and a net margin of 18.66%.

LXP Industrial Trust Trading Up 0.1%

Shares of LXP traded up $0.04 during trading hours on Tuesday, reaching $61.15. 300,763 shares of the company traded hands, compared to its average volume of 677,878. LXP Industrial Trust has a 12 month low of $44.17 and a 12 month high of $61.61. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.19. The company’s fifty day moving average price is $60.90 and its two-hundred day moving average price is $54.20. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of 61.15 and a beta of 1.02.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Jefferies Financial Group cut LXP Industrial Trust from a “buy” rating to a “hold” rating and lowered their price target for the company from $62.00 to $61.00 in a report on Thursday, August 6th. Wall Street Zen lowered shares of LXP Industrial Trust from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Citizens Jmp lowered shares of LXP Industrial Trust from a “market outperform” rating to a “hold” rating in a report on Tuesday, July 21st. Citigroup restated an “outperform” rating on shares of LXP Industrial Trust in a research report on Thursday, July 16th. Finally, Weiss Ratings raised shares of LXP Industrial Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, October 12th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, LXP Industrial Trust presently has an average rating of “Hold” and a consensus target price of $57.40.

LXP Industrial Trust Company Profile

LXP Industrial Trust (NYSE:LXP) is a self-managed real estate investment trust focused on owning and managing industrial properties in the United States. The company primarily invests in single-tenant, long-term leased facilities, including distribution centers, logistics properties, and manufacturing buildings.

LXP’s portfolio serves tenants involved in logistics, supply chain management, manufacturing, and other industrial activities. Its properties are located across several U.S. markets, with an emphasis on areas supported by population growth, transportation infrastructure, and expanding industrial demand.