LXP Industrial Trust (NYSE:LXP) Posts Quarterly Earnings Results, Beats Estimates By $0.18 EPS

LXP Industrial Trust (NYSE:LXP) released its quarterly earnings results on Thursday. The real estate investment trust reported $0.16 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.18, Zacks reports. LXP Industrial Trust had a net margin of 7.64% and a return on equity of 1.24%. LXP Industrial Trust updated its FY 2024 guidance to 0.610-0.650 EPS.

LXP Industrial Trust Trading Up 3.1 %

NYSE LXP traded up $0.26 on Thursday, reaching $8.43. The stock had a trading volume of 1,402,766 shares, compared to its average volume of 2,063,440. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 140.77 and a beta of 0.89. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.21. LXP Industrial Trust has a 12-month low of $7.65 and a 12-month high of $10.56. The stock has a fifty day moving average price of $8.38 and a two-hundred day moving average price of $9.29.

Wall Street Analyst Weigh In

Separately, JMP Securities reissued a “market perform” rating on shares of LXP Industrial Trust in a research report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $11.33.

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.