LXP Industrial Trust Plans Quarterly Dividend of $0.70 (NYSE:LXP)

LXP Industrial Trust (NYSE:LXP) announced a quarterly dividend on Monday, March 16th. Investors of record on Tuesday, March 31st will be given a dividend of 0.70 per share by the real estate investment trust on Wednesday, April 15th. This represents a c) annualized dividend and a dividend yield of 5.9%. The ex-dividend date is Tuesday, March 31st.

LXP Industrial Trust has raised its dividend by an average of 0.0%per year over the last three years and has raised 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. 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 Stock Up 2.3%

Shares of LXP opened at $47.78 on Tuesday. The business’s 50 day moving average is $49.31 and its 200 day moving average is $47.83. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.18. LXP Industrial Trust has a 12-month low of $34.25 and a 12-month high of $52.52. The company has a market capitalization of $2.82 billion, a PE ratio of 26.40 and a beta of 1.09.

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

Analyst Upgrades and Downgrades

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