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 Trading Up 4.6 %

Shares of NYSE:LXP traded up $0.38 during mid-day trading on Thursday, reaching $8.55. 3,507,154 shares of the company were exchanged, compared to its average volume of 2,086,746. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.12 and a quick ratio of 0.12. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 142.61 and a beta of 0.89. LXP Industrial Trust has a 1 year low of $7.65 and a 1 year high of $10.56. The firm’s 50-day simple moving average is $8.38 and its 200 day simple moving average is $9.29.

LXP Industrial Trust (NYSE:LXP) last released its 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 return on equity of 1.24% and a net margin of 7.64%. Equities research analysts forecast that LXP Industrial Trust will post 0.63 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reiterated a “market perform” rating on shares of LXP Industrial Trust in a research note on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, LXP Industrial Trust has a consensus rating of “Hold” and an average 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.