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

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

Analysts Set New Price Targets

Separately, JMP Securities reissued a “market perform” rating on shares of LXP Industrial Trust in a report on Friday, December 20th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $11.33.

LXP Industrial Trust Stock Performance

Shares of NYSE:LXP opened at $8.16 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.12 and a quick ratio of 0.12. The business’s fifty day moving average price is $8.41 and its two-hundred day moving average price is $9.30. LXP Industrial Trust has a fifty-two week low of $7.65 and a fifty-two week high of $10.56. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 136.02 and a beta of 0.89.

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

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.