LXP Industrial Trust (LXP) Scheduled to Post Earnings on Wednesday

LXP Industrial Trust (NYSE:LXPGet Free Report) will be announcing its earnings results before the market opens on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.16 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

LXP Industrial Trust Stock Down 0.7 %

LXP stock opened at $9.38 on Wednesday. LXP Industrial Trust has a twelve month low of $7.75 and a twelve month high of $10.56. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $2.76 billion, a P/E ratio of 234.50 and a beta of 0.87. The firm has a 50 day simple moving average of $9.96 and a 200-day simple moving average of $9.44.

LXP Industrial Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.54%. The ex-dividend date was Monday, September 30th. LXP Industrial Trust’s payout ratio is currently 1,300.00%.

Analysts Set New Price Targets

Separately, Evercore ISI lifted their price objective on shares of LXP Industrial Trust from $10.00 to $11.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $11.25.

Check Out Our Latest Report on LXP Industrial Trust

LXP Industrial Trust Company Profile

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LXP Industrial Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) focused on single-tenant industrial real estate investments across the United States. LXP seeks to expand its industrial portfolio through acquisitions, build-to-suit transactions, sale-leaseback transactions, development projects and other transactions.

See Also

Earnings History for LXP Industrial Trust (NYSE:LXP)

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