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

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

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 issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $11.33.

LXP Industrial Trust Stock Performance

NYSE:LXP opened at $8.16 on Thursday. LXP Industrial Trust has a 1 year low of $7.65 and a 1 year high of $10.56. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $2.40 billion, a PE ratio of 136.02 and a beta of 0.89. The firm’s fifty day simple moving average is $8.41 and its 200 day simple moving average is $9.30.

LXP Industrial Trust (NYSE:LXP) last issued its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.16 EPS for the quarter, topping 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%. On average, sell-side analysts anticipate that LXP Industrial Trust will post 0.63 EPS for the current year.

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.