LXP Industrial Trust (NYSE:LXP – Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.620-0.650 for the period, compared to the consensus estimate of 0.630. The company issued revenue guidance of -. LXP Industrial Trust also updated its FY24 guidance to $0.62-$0.65 EPS.
LXP Industrial Trust Trading Down 0.2 %
NYSE:LXP traded down $0.02 during midday trading on Wednesday, hitting $10.44. The stock had a trading volume of 339,677 shares, compared to its average volume of 2,322,631. LXP Industrial Trust has a one year low of $7.75 and a one year high of $10.50. The company has a market capitalization of $3.07 billion, a price-to-earnings ratio of 261.44 and a beta of 0.86. The stock has a 50-day moving average of $9.23 and a 200 day moving average of $9.01. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20.
LXP Industrial Trust Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a dividend of $0.13 per share. The ex-dividend date was Friday, June 28th. This represents a $0.52 annualized dividend and a yield of 4.98%. LXP Industrial Trust’s dividend payout ratio (DPR) is presently 1,300.33%.
Analyst Ratings Changes
Read Our Latest Report on LXP Industrial Trust
Insider Buying and Selling at LXP Industrial Trust
In related news, Director Arun Gupta acquired 15,000 shares of the business’s stock in a transaction dated Wednesday, June 12th. The shares were acquired at an average price of $8.95 per share, with a total value of $134,250.00. Following the completion of the transaction, the director now owns 65,474 shares of the company’s stock, valued at $585,992.30. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.17% of the stock is owned by corporate insiders.
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.
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