LXP Industrial Trust (NYSE:LXP) Issues FY 2024 Earnings Guidance

LXP Industrial Trust (NYSE:LXP) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 0.610-0.650 for the period, compared to the consensus EPS estimate of 0.640. The company issued revenue guidance of -.

LXP Industrial Trust Trading Down 0.7 %

Shares of LXP stock opened at $8.49 on Friday. The company has a market capitalization of $2.50 billion, a PE ratio of 141.46 and a beta of 0.89. LXP Industrial Trust has a 52-week low of $7.65 and a 52-week high of $10.56. The business’s fifty day moving average is $8.37 and its 200 day moving average is $9.28. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.12 and a current ratio of 0.12.

LXP Industrial Trust (NYSE:LXP) last released its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.18. LXP Industrial Trust had a return on equity of 1.24% and a net margin of 7.64%. On average, equities research analysts anticipate that LXP Industrial Trust will post 0.63 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, JMP Securities reissued a “market perform” rating on shares of LXP Industrial Trust in a research note on Friday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $11.33.

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.