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

LXP Industrial Trust (NYSE:LXP) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 0.610-0.650 for the period, compared to the consensus earnings per share estimate of 0.640. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

Separately, JMP Securities reissued a “market perform” rating on shares of LXP Industrial Trust in a research report on Friday. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $11.33.

LXP Industrial Trust Price Performance

Shares of LXP stock traded down $0.01 during mid-day trading on Friday, hitting $8.55. The company had a trading volume of 360,396 shares, compared to its average volume of 2,115,047. LXP Industrial Trust has a 52-week low of $7.65 and a 52-week high of $10.56. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.12 and a quick ratio of 0.12. The stock’s 50 day moving average price is $8.37 and its 200-day moving average price is $9.28. The company has a market capitalization of $2.52 billion, a P/E ratio of 142.44 and a beta of 0.89.

LXP Industrial Trust (NYSE:LXP) last issued its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.18. LXP Industrial Trust had a return on equity of 1.24% and a net margin of 7.64%. Equities research analysts forecast that LXP Industrial Trust will post 0.63 earnings per share 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.