LXP Industrial Trust Declares Quarterly Dividend of $0.14 (NYSE:LXP)

LXP Industrial Trust (NYSE:LXP - Get Free Report) announced a quarterly dividend on Monday, March 17th, RTT News reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.135 per share by the real estate investment trust on Tuesday, April 15th. This represents a $0.54 dividend on an annualized basis and a yield of 6.11%. The ex-dividend date of this dividend is Monday, March 31st.

LXP Industrial Trust has increased its dividend payment by an average of 7.7% annually over the last three years. LXP Industrial Trust has a dividend payout ratio of 1,350.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 $0.54 annual dividend with an expected future payout ratio of 74.0%.

LXP Industrial Trust Price Performance

LXP traded down $0.18 during trading on Friday, reaching $8.84. 891,368 shares of the stock were exchanged, compared to its average volume of 2,014,227. The business's 50 day moving average price is $8.59 and its two-hundred day moving average price is $9.10. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.16 and a quick ratio of 0.16. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of 67.97 and a beta of 0.89. LXP Industrial Trust has a 1 year low of $7.65 and a 1 year high of $10.57.

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LXP Industrial Trust (NYSE:LXP - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.18. LXP Industrial Trust had a return on equity of 2.15% and a net margin of 12.40%. The business had revenue of $100.85 million for the quarter, compared to the consensus estimate of $84.57 million. As a group, equities research analysts anticipate that LXP Industrial Trust will post 0.63 earnings per share for the current year.

Analysts Set New Price Targets

Separately, JMP Securities restated a "market perform" rating on shares of LXP Industrial Trust in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, LXP Industrial Trust 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.