LXP Industrial Trust (NYSE:LXP) Issues Quarterly Earnings Results, Beats Estimates By $0.82 EPS

LXP Industrial Trust (NYSE:LXP) released its quarterly earnings results on Tuesday. The real estate investment trust reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.82, reports. LXP Industrial Trust had a return on equity of 3.37% and a net margin of 18.66%. The business had revenue of $90.78 million during the quarter, compared to analyst estimates of $87.10 million.

LXP Industrial Trust Trading Up 0.0%

LXP traded up $0.01 during trading on Thursday, reaching $61.16. The company had a trading volume of 605,682 shares, compared to its average volume of 683,845. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.19. The business has a 50 day simple moving average of $60.93 and a 200-day simple moving average of $54.36. The stock has a market cap of $3.61 billion, a P/E ratio of 61.16 and a beta of 1.02. LXP Industrial Trust has a 52 week low of $44.17 and a 52 week high of $61.61.

Analysts Set New Price Targets

LXP has been the topic of a number of analyst reports. Weiss Ratings raised shares of LXP Industrial Trust from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, October 12th. Wall Street Zen lowered LXP Industrial Trust from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. BMO Capital Markets started coverage on shares of LXP Industrial Trust in a report on Thursday, July 9th. They set an “outperform” rating and a $65.00 price target for the company. Citizens Jmp cut shares of LXP Industrial Trust from a “market outperform” rating to a “hold” rating in a research report on Tuesday, July 21st. Finally, Citigroup reaffirmed an “outperform” rating on shares of LXP Industrial Trust in a research report on Thursday, July 16th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, LXP Industrial Trust presently has an average rating of “Hold” and an average target price of $57.40.

About LXP Industrial Trust

LXP Industrial Trust (NYSE:LXP) is a self-managed real estate investment trust focused on owning and managing industrial properties in the United States. The company primarily invests in single-tenant, long-term leased facilities, including distribution centers, logistics properties, and manufacturing buildings.

LXP’s portfolio serves tenants involved in logistics, supply chain management, manufacturing, and other industrial activities. Its properties are located across several U.S. markets, with an emphasis on areas supported by population growth, transportation infrastructure, and expanding industrial demand.