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

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

LXP Industrial Trust Price Performance

Shares of LXP Industrial Trust stock traded down $0.01 during mid-day trading on Friday, reaching $8.55. 360,396 shares of the stock traded hands, compared to its average volume of 2,115,047. The business has a 50-day moving average of $8.37 and a 200 day moving average of $9.28. LXP Industrial Trust has a fifty-two week low of $7.65 and a fifty-two week high of $10.56. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $2.52 billion, a PE ratio of 142.44 and a beta of 0.89.

LXP Industrial Trust (NYSE:LXP) last announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.18. LXP Industrial Trust had a net margin of 7.64% and a return on equity of 1.24%. On average, analysts predict that LXP Industrial Trust will post 0.63 EPS for the current year.

Wall Street Analyst Weigh In

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

About LXP Industrial Trust

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.