LXP Industrial Trust (NYSE:LXP) Releases Earnings Results, Beats Expectations By $1.47 EPS

LXP Industrial Trust (NYSE:LXP) issued its quarterly earnings data on Tuesday. The real estate investment trust reported $1.54 EPS for the quarter, topping the consensus estimate of $0.07 by $1.47, FiscalAI reports. The company had revenue of $90.78 million during the quarter, compared to analyst estimates of $86.90 million. LXP Industrial Trust had a return on equity of 3.37% and a net margin of 18.66%.

LXP Industrial Trust Trading Up 0.1%

Shares of LXP Industrial Trust stock traded up $0.04 during trading on Tuesday, reaching $61.15. The company’s stock had a trading volume of 293,448 shares, compared to its average volume of 677,774. The company has a market cap of $3.61 billion, a price-to-earnings ratio of 61.15 and a beta of 1.02. The firm’s 50-day moving average is $60.90 and its two-hundred day moving average is $54.20. LXP Industrial Trust has a 52-week low of $44.17 and a 52-week high of $61.61. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.19.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LXP. Weiss Ratings raised shares of LXP Industrial Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, October 12th. Jefferies Financial Group cut shares of LXP Industrial Trust from a “buy” rating to a “hold” rating and cut their price target for the stock from $62.00 to $61.00 in a research note on Thursday, August 6th. Citigroup reiterated an “outperform” rating on shares of LXP Industrial Trust in a research report on Thursday, July 16th. Wall Street Zen lowered LXP Industrial Trust from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Finally, BMO Capital Markets began coverage on LXP Industrial Trust in a report on Thursday, July 9th. They set an “outperform” rating and a $65.00 price objective on the stock. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $57.40.

About LXP Industrial Trust

LXP Industrial Trust (NYSE:LXP) is a self-managed real estate investment trust focused on owning and managing industrial properties in the United States. The company primarily invests in single-tenant, long-term leased facilities, including distribution centers, logistics properties, and manufacturing buildings.

LXP’s portfolio serves tenants involved in logistics, supply chain management, manufacturing, and other industrial activities. Its properties are located across several U.S. markets, with an emphasis on areas supported by population growth, transportation infrastructure, and expanding industrial demand.