LXP Industrial Trust (NYSE:LXP) Announces Quarterly Dividend of $0.70

LXP Industrial Trust (NYSE:LXP) announced a quarterly dividend on Monday, June 15th. Investors of record on Tuesday, June 30th will be paid a dividend of 0.70 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend is Tuesday, June 30th.

LXP Industrial Trust has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 3 consecutive years. LXP Industrial Trust has a dividend payout ratio of 4,000.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect LXP Industrial Trust to earn $3.49 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 80.2%.

LXP Industrial Trust Stock Performance

Shares of NYSE LXP opened at $53.78 on Tuesday. The firm has a 50 day moving average of $51.08 and a 200 day moving average of $49.77. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 36.34 and a beta of 1.05. LXP Industrial Trust has a 12-month low of $38.20 and a 12-month high of $54.14.

LXP Industrial Trust (NYSE:LXP) last posted its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.80 earnings per share for the quarter. The business had revenue of $85.95 million during the quarter, compared to analyst estimates of $81.47 million. LXP Industrial Trust had a net margin of 27.05% and a return on equity of 4.80%. The company’s revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.16 earnings per share. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. On average, research analysts anticipate that LXP Industrial Trust will post 3.33 earnings per share for the current year.

Hedge Funds Weigh In On LXP Industrial Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Lasalle Investment Management Securities LLC boosted its position in shares of LXP Industrial Trust by 6.3% during the third quarter. Lasalle Investment Management Securities LLC now owns 9,756,056 shares of the real estate investment trust’s stock worth $87,414,000 after acquiring an additional 578,169 shares during the last quarter. Aew Capital Management L P boosted its position in shares of LXP Industrial Trust by 61.1% during the third quarter. Aew Capital Management L P now owns 9,135,734 shares of the real estate investment trust’s stock worth $81,856,000 after acquiring an additional 3,465,123 shares during the last quarter. Balyasny Asset Management L.P. boosted its position in shares of LXP Industrial Trust by 269.0% during the second quarter. Balyasny Asset Management L.P. now owns 6,432,356 shares of the real estate investment trust’s stock worth $53,131,000 after acquiring an additional 4,688,972 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of LXP Industrial Trust by 3.5% during the third quarter. Dimensional Fund Advisors LP now owns 4,311,597 shares of the real estate investment trust’s stock worth $38,633,000 after acquiring an additional 145,951 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of LXP Industrial Trust by 14.1% during the first quarter. Goldman Sachs Group Inc. now owns 3,717,830 shares of the real estate investment trust’s stock worth $32,159,000 after acquiring an additional 458,195 shares during the last quarter. Institutional investors own 93.52% of the company’s stock.

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.