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

LXP Industrial Trust (NYSE:LXP - Get Free Report) issued an update on its FY 2024 earnings guidance on Thursday morning. 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 restated a "market perform" rating on shares of LXP Industrial Trust in a research note on Friday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, LXP Industrial Trust presently has a consensus rating of "Hold" and an average target price of $11.33.

LXP Industrial Trust Stock Down 0.7 %

LXP traded down $0.06 during midday trading on Monday, reaching $8.49. The company's stock had a trading volume of 1,946,249 shares, compared to its average volume of 1,942,581. LXP Industrial Trust has a 1 year low of $7.65 and a 1 year high of $10.56. The stock's 50-day moving average is $8.36 and its 200-day moving average is $9.26. The firm has a market capitalization of $2.50 billion, a price-to-earnings ratio of 141.46 and a beta of 0.89. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.21.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last posted its quarterly 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 return on equity of 1.24% and a net margin of 7.64%. The company had revenue of $100.85 million for the quarter, compared to the consensus estimate of $84.57 million. As a group, research analysts expect that LXP Industrial Trust will post 0.63 EPS for the current year.

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.