LXP Industrial Trust Declares Quarterly Dividend of $0.70 (NYSE:LXP)

LXP Industrial Trust (NYSE:LXP) announced a quarterly dividend on Monday, June 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.70 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Tuesday, June 30th.

LXP Industrial Trust has increased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 3 years. LXP Industrial Trust has a dividend payout ratio of 4,000.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect LXP Industrial Trust to earn $3.49 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 80.2%.

LXP Industrial Trust Trading Up 1.4%

Shares of LXP Industrial Trust stock opened at $53.78 on Tuesday. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of 36.34 and a beta of 1.05. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.18. LXP Industrial Trust has a 12-month low of $38.20 and a 12-month high of $54.14. The firm’s 50-day moving average price is $51.08 and its two-hundred day moving average price is $49.77.

LXP Industrial Trust (NYSE:LXP) last announced its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter. The firm had revenue of $85.95 million for the quarter, compared to the consensus estimate of $81.47 million. LXP Industrial Trust had a net margin of 27.05% and a return on equity of 4.80%. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.16 earnings per share. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. On average, analysts forecast that LXP Industrial Trust will post 3.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LXP Industrial Trust

Hedge funds have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd bought a new position in LXP Industrial Trust in the 3rd quarter valued at approximately $26,000. EverSource Wealth Advisors LLC boosted its position in LXP Industrial Trust by 101.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,481 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 1,755 shares during the period. Geneos Wealth Management Inc. boosted its position in LXP Industrial Trust by 82.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,623 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 1,632 shares during the period. EQ Wealth Advisors LLC acquired a new stake in LXP Industrial Trust during the 4th quarter worth approximately $34,000. Finally, IFP Advisors Inc boosted its position in LXP Industrial Trust by 63.8% during the 4th quarter. IFP Advisors Inc now owns 837 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 326 shares during the period. 93.52% of the stock is currently owned by institutional investors and hedge funds.

About LXP Industrial Trust

LXP Industrial Trust is a real estate investment trust that specializes in the ownership, acquisition and management of industrial properties across North America. The company’s portfolio consists of warehouses, distribution centers and manufacturing facilities designed to support supply-chain and logistics operations. By focusing on long-term leasing arrangements, LXP Industrial Trust aims to provide stable income streams while delivering value to tenants through modern, well-positioned industrial space.

The firm’s primary business activities include sourcing and under-writing new property investments, overseeing development and redevelopment projects, and implementing asset-management strategies to enhance the performance of its holdings.