LXP Industrial Trust (NYSE:LXP – Get a rating) – KeyCorp equity research analysts cut their first quarter 2022 earnings per share (EPS) estimates for LXP Industrial Trust in a note to investors on Monday, April 11. KeyCorp analyst C. Mailman now expects the real estate investment trust to post earnings per share of $0.15 for the quarter, down from its previous forecast of $0.17. KeyCorp also released estimates for LXP Industrial Trust Q2 2022 earnings at $0.14 EPS, Q3 2022 earnings at $0.14 EPS, Q4 2022 earnings at $0.14 EPS, 2022 fiscal year at $0.57 EPS, Q1 2023 profit at $0.15 EPS, Q2 2023 profit at $0.15 EPS, Q3 2023 profit at $0.15 EPS, 2023 profit at $0.15 EPS, Q4 2023 earnings at $0.16 EPS and FY2023 earnings at $0.62 EPS.
Several other research analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of LXP Industrial Trust from a “sell” to a “hold” rating in a Friday, March 11 research report. StockNews.com began covering shares of LXP Industrial Trust in a report on Thursday, March 31. They set a “holding” rating for the company. Three research analysts gave the stock a hold rating and two gave the stock a buy rating. According to data from MarketBeat, LXP Industrial Trust currently has an average rating of “Hold” and an average price target of $15.75.
Shares of LXP opened at $13.07 on Tuesday. LXP Industrial Trust has a one-year low of $11.47 and a one-year high of $16.10. The company has a market capitalization of $3.70 billion, a P/E ratio of 9.90 and a beta of 0.63. The company has a debt ratio of 0.19, a current ratio of 0.22 and a quick ratio of 0.22. The company has a 50-day simple moving average of $15.33 and a two-hundred-day simple moving average of $14.87.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 18. Shareholders of record on Thursday, March 31 will receive a dividend of $0.12 per share. The ex-dividend date is Wednesday, March 30. This represents an annualized dividend of $0.48 and a dividend yield of 3.67%. LXP Industrial Trust’s dividend payout ratio (DPR) is currently 36.36%.
Several institutional investors have recently changed their holdings of LXP. Long Pond Capital LP purchased a new stake in shares of LXP Industrial Trust in the third quarter at a value of $68,466,000. Land & Buildings Investment Management LLC increased its stake in shares of LXP Industrial Trust by 266.7% in the third quarter. Land & Buildings Investment Management LLC now owns 6,778,400 shares of the real estate investment trust worth $86,425,000 after purchasing an additional 4,929,830 shares in the last quarter. TOMS Capital Investment Management LP purchased a new stake in shares of LXP Industrial Trust in the third quarter at a value of $36,613,000. Norges Bank bought a new stake in shares of LXP Industrial Trust in the fourth quarter at a value of $42,013,000. Finally, Alberta Investment Management Corp bought a new stake in shares of LXP Industrial Trust in the third quarter at a value of $23,912,000. 99.83% of the shares are currently held by institutional investors.
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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