$0.17 EPS expected for LXP Industrial Trust (NYSE:LXP) this quarter
Analysts expect LXP Industrial Trust (NYSE:LXP – Get a rating) will report earnings of $0.17 per share for the current quarter, Zacks reports. Three analysts have made earnings estimates for LXP Industrial Trust, with the highest EPS estimate of $0.19 and the lowest estimate of $0.15. LXP Industrial Trust reported earnings per share of $0.22 in the same quarter last year, which would indicate a negative 22.7% year-over-year growth rate. The company is expected to release its next earnings report on Monday, January 1.
According to Zacks, analysts expect LXP Industrial Trust to report full year earnings of $0.67 per share for the current fiscal year, with EPS estimates ranging from $0.57 to $0.72. For the next fiscal year, analysts expect the company to report earnings of $0.74 per share, with EPS estimates ranging from $0.62 to $0.80. Zacks Investment Research’s earnings per share calculations are an average average based on a survey of analysts who cover LXP Industrial Trust.
A number of brokerages have published reports on LXP. StockNews.com began covering LXP Industrial Trust in a report on Thursday, March 31. They issued a “holding” rating for the company. Zacks Investment Research upgraded LXP Industrial Trust from a “sell” to a “hold” rating in a Friday, March 11 research report. Finally, Bank of America launched a hedge on LXP Industrial Trust in a research report on Monday, April 18. They issued an “underperforming” rating and a $14.00 price target on the stock. One research analyst has assigned the stock a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $15.40.
Shares of LXP traded down $0.03 during Friday trading hours, hitting $13.10. 2,414,717 shares of the stock were traded, compared to its average volume of 3,918,089. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt ratio of 0, 19. LXP Industrial Trust has a 1-year low of $11.81 and a 1-year high of $16.10. The company has a market capitalization of $3.77 billion, a PE ratio of 9.92, a growth price-earnings ratio of 9.14 and a beta of 0.63. The company has a fifty-day moving average of $15.01 and a 200-day moving average of $14.88.
The company also recently announced a quarterly dividend, which was paid on Monday, April 18. Investors of record on Thursday, March 31 received a dividend of $0.12 per share. The ex-dividend date was Wednesday, March 30. This represents an annualized dividend of $0.48 and a dividend yield of 3.66%. LXP Industrial Trust’s payout ratio is 36.36%.
Major investors have recently changed their positions in the company. CWM LLC bought a new position in LXP Industrial Trust in the fourth quarter worth approximately $25,000. EverSource Wealth Advisors LLC purchased a new equity stake in LXP Industrial Trust in the fourth quarter worth approximately $27,000. HHM Wealth Advisors LLC increased its stake in shares of LXP Industrial Trust by 47.1% in the fourth quarter. HHM Wealth Advisors LLC now owns 2,060 shares of the real estate investment trust worth $32,000 after purchasing an additional 660 shares in the last quarter. USA Financial Portformulas Corp bought a new stake in shares of LXP Industrial Trust in the fourth quarter for a value of approximately $36,000. Finally, Covestor Ltd purchased a new equity stake in LXP Industrial Trust in the fourth quarter worth approximately $43,000. Institutional investors and hedge funds own 99.83% of the company’s shares.
Company Profile LXP Industrial Trust (Get a rating)
Lexington Realty Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) that holds a portfolio of real estate assets consisting primarily of equity investments in single-tenant net leased industrial properties in the United States. Lexington seeks to expand its industrial portfolio through custom build transactions, sale-leaseback transactions and other transactions, including acquisitions.
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