LXP Industrial Trust (LXP) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $9.04 to $9.24
• 50-Day Range: $9.17 to $10.30
• 52-Week Range: $8.14 to $10.56
• Volume: 1.17 million shs
• Average Volume: 2.21 million shs
• Market Capitalization: $2.70 billion
• P/E Ratio: 153.03
• Dividend Yield: 5.88%
• Price Target: $11.25
• Consensus Rating: Moderate Buy

LXP Industrial Trust Stock Analysis - MarketRank™

LXP Industrial Trust scored higher than 77% of companies evaluated by MarketBeat, and ranked 306th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

LXP Industrial Trust has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

LXP Industrial Trust has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: 4.76%

Earnings Growth

Earnings for LXP Industrial Trust are expected to grow by 4.76% in the coming year, from $0.63 to $0.66 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of LXP Industrial Trust is 153.03, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 131.22.

Price to Earnings Ratio vs. Sector

The P/E ratio of LXP Industrial Trust is 153.03, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 49.34.

Price to Book Value per Share Ratio

LXP Industrial Trust has a P/B Ratio of 1.24. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.42% of the outstanding shares of LXP Industrial Trust have been sold short.

Short Interest Ratio / Days to Cover

LXP Industrial Trust has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in LXP Industrial Trust has recently increased by 4.24%, indicating that investor sentiment is decreasing.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

LXP Industrial Trust is a leading dividend payer. It pays a dividend yield of 5.64%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

LXP Industrial Trust does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of LXP Industrial Trust is 900.00%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, LXP Industrial Trust will have a dividend payout ratio of 81.82% in the coming year. This indicates that LXP Industrial Trust may not be able to sustain their current dividend.

Sustainability and ESG

• Score: 2.2 / 5
• Environmental Score: -1.98

Percentage of Shares Shorted

1.42% of the outstanding shares of LXP Industrial Trust have been sold short.

Short Interest Ratio / Days to Cover

LXP Industrial Trust has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in LXP Industrial Trust has recently increased by 4.24%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 3.8 / 5
• News Sentiment: 1.84

News Sentiment

LXP Industrial Trust has a news sentiment score of 1.84. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for LXP Industrial Trust this week, compared to 2 articles on an average week.

Search Interest

3 people have searched for LXP on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, LXP Industrial Trust insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 2.17% of the stock of LXP Industrial Trust is held by insiders.

Percentage Held by Institutions

93.52% of the stock of LXP Industrial Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

LXP Stock Analysis - Frequently Asked Questions

How have LXP shares performed this year?

LXP Industrial Trust's stock was trading at $9.92 at the start of the year. Since then, LXP stock has decreased by 7.5% and is now trading at $9.18.
View the best growth stocks for 2024 here.

How were LXP Industrial Trust's earnings last quarter?

LXP Industrial Trust (NYSE:LXP) issued its quarterly earnings data on Thursday, February, 15th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.17 by $0.13. The firm's revenue for the quarter was up 2.3% on a year-over-year basis.

Who are LXP Industrial Trust's major shareholders?

Top institutional shareholders of LXP Industrial Trust include State Street Corp (5.80%), Geode Capital Management LLC (2.51%), Charles Schwab Investment Management Inc. (1.79%) and Massachusetts Financial Services Co. MA (1.34%). Insiders that own company stock include Richard Frary, Lawrence L Gray and Arun Gupta.
View institutional ownership trends.

How do I buy shares of LXP Industrial Trust?

Shares of LXP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of LXP Industrial Trust own?

Based on aggregate information from My MarketBeat watchlists, some other companies that LXP Industrial Trust investors own include NVIDIA (NVDA), Meta Platforms (META), Tesla (TSLA), Netflix (NFLX), Advanced Micro Devices (AMD), JPMorgan Chase & Co. (JPM) and Visa (V).

Company Calendar

• Last Earnings: 2/15/2024
• Ex-Dividend for 10/15 Dividend: 9/30/2024
• Dividend Payable: 10/15/2024
• Today: 11/20/2024
• Ex-Dividend for 1/15 Dividend: 12/31/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/15/2025
• Next Earnings (Estimated): 2/20/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Diversified REITs
• Current Symbol: NYSE:LXP
• CUSIP: 52904310
• CIK: 910108
• Web: www.lxp.com
• Phone: (212) 692-7200
• Fax: 212-594-6600
• Employees: 70
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $11.25
• High Stock Price Target: $12.00
• Low Stock Price Target: $11.00
• Potential Upside/Downside: +22.5%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.75
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.06
• Trailing P/E Ratio: 153.03
• Forward P/E Ratio: 14.57
• P/E Growth: N/A
• Net Income: $30.38 million
• Net Margins: 7.64%
• Pretax Margin: 10.07%
• Return on Equity: 1.24%
• Return on Assets: 0.65%

Debt

• Debt-to-Equity Ratio: 0.21
• Current Ratio: 0.12
• Quick Ratio: 0.12

Sales & Book Value

• Annual Sales: $340.50 million
• Price / Sales: 7.94
• Cash Flow: $0.76 per share
• Price / Cash Flow: 12.15
• Book Value: $7.42 per share
• Price / Book: 1.24

Miscellaneous

• Outstanding Shares: 294,510,000
• Free Float: 288,118,000
• Market Cap: $2.70 billion
• Optionable: Optionable
• Beta: 0.88