LXP Industrial Trust (NYSE:LXP) Releases Earnings Results, Beats Expectations By $0.18 EPS

LXP Industrial Trust (NYSE:LXP) issued its quarterly earnings results on Thursday. The real estate investment trust reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.18, Zacks reports. LXP Industrial Trust had a return on equity of 1.24% and a net margin of 7.64%. LXP Industrial Trust updated its FY 2024 guidance to 0.610-0.650 EPS.

LXP Industrial Trust Price Performance

LXP Industrial Trust stock opened at $8.55 on Friday. LXP Industrial Trust has a one year low of $7.65 and a one year high of $10.56. The business has a fifty day moving average price of $8.38 and a 200-day moving average price of $9.29. 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 firm has a market capitalization of $2.52 billion, a P/E ratio of 142.54 and a beta of 0.89.

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 investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, LXP Industrial Trust currently has a consensus rating of “Hold” and an average price target of $11.33.

LXP Industrial Trust Company Profile

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.