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

LXP Industrial Trust (NYSE:LXP) will post its quarterly earnings results before the market opens on Wednesday, November 6th. Analysts expect LXP Industrial Trust to post earnings of $0.16 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

LXP Industrial Trust Stock Performance

LXP Industrial Trust stock opened at $9.29 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.11 and a quick ratio of 0.11. LXP Industrial Trust has a 12 month low of $8.08 and a 12 month high of $10.56. The company has a fifty day moving average price of $9.90 and a two-hundred day moving average price of $9.46. The company has a market cap of $2.73 billion, a PE ratio of 116.13 and a beta of 0.88.

LXP Industrial Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors 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 5.60%. The ex-dividend date of this dividend was Monday, September 30th. LXP Industrial Trust’s dividend payout ratio is presently 650.00%.

Analysts Set New Price Targets

Separately, Evercore ISI raised their target price on shares of LXP Industrial Trust from $10.00 to $11.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $11.25.

About LXP Industrial Trust

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.