LXP Industrial Trust (NYSE:LXP) to Issue $0.70 Quarterly Dividend

LXP Industrial Trust (NYSE:LXP) declared a quarterly dividend on Monday, June 15th. Stockholders 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) annualized dividend 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%annually 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 4,000.0% meaning 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 $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 Stock Up 1.4%

LXP Industrial Trust stock opened at $53.78 on Tuesday. The stock has a market capitalization of $3.17 billion, a PE ratio of 36.34 and a beta of 1.05. LXP Industrial Trust has a twelve month low of $38.20 and a twelve month high of $54.14. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.18. The company has a 50 day moving average of $51.08 and a 200-day moving average of $49.77.

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

Analyst Ratings Changes

Several research analysts have recently weighed in on LXP shares. Wall Street Zen upgraded shares of LXP Industrial Trust from a “sell” rating to a “hold” rating in a report on Saturday. JPMorgan Chase & Co. reduced their price target on shares of LXP Industrial Trust from $50.00 to $49.00 and set a “neutral” rating for the company in a report on Thursday, March 5th. KeyCorp reiterated a “sector weight” rating on shares of LXP Industrial Trust in a report on Tuesday, June 9th. Evercore set a $54.00 price target on shares of LXP Industrial Trust in a report on Monday, June 8th. Finally, Citigroup restated a “market outperform” rating on shares of LXP Industrial Trust in a report on Wednesday, June 3rd. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average 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.