LXP Industrial Trust (LXP) To Go Ex-Dividend on December 31st

LXP Industrial Trust (NYSE:LXP) announced a quarterly dividend on Thursday, October 30th. Shareholders of record on Wednesday, December 31st will be given a dividend of 0.14 per share by the real estate investment trust on Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Wednesday, December 31st. This is a 3.7% increase from LXP Industrial Trust’s previous quarterly dividend of $0.14.

LXP Industrial Trust has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 3 years. LXP Industrial Trust has a payout ratio of 800.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect LXP Industrial Trust to earn $0.73 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 76.7%.

LXP Industrial Trust Stock Performance

Shares of LXP opened at $50.77 on Monday. The firm has a fifty day moving average of $47.59 and a 200-day moving average of $44.88. The company has a market cap of $3.00 billion, a price-to-earnings ratio of 26.72 and a beta of 1.11. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.26 and a current ratio of 0.26. LXP Industrial Trust has a 1 year low of $44.17 and a 1 year high of $97.90.

LXP Industrial Trust (NYSE:LXP) last released its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. LXP Industrial Trust had a net margin of 32.19% and a return on equity of 5.86%. The business had revenue of $86.90 million for the quarter, compared to analysts’ expectations of $87.03 million. During the same quarter last year, the company earned $0.80 EPS. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. LXP Industrial Trust has set its FY 2025 guidance at 0.630-0.640 EPS. As a group, equities analysts anticipate that LXP Industrial Trust will post 0.63 earnings per share for the current year.

About LXP Industrial Trust

LXP Industrial Trust is a real estate investment trust that specializes in the ownership, acquisition and management of industrial properties across North America. The company’s portfolio consists of warehouses, distribution centers and manufacturing facilities designed to support supply-chain and logistics operations. By focusing on long-term leasing arrangements, LXP Industrial Trust aims to provide stable income streams while delivering value to tenants through modern, well-positioned industrial space.

The firm’s primary business activities include sourcing and under-writing new property investments, overseeing development and redevelopment projects, and implementing asset-management strategies to enhance the performance of its holdings.