LXP Industrial Trust (LXP) to Issue Quarterly Dividend of $0.70 on July 15th

LXP Industrial Trust (NYSE:LXP – Get Free Report) declared a quarterly dividend on Monday, June 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of 0.70 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 5.1%. The ex-dividend date is Tuesday, June 30th.

LXP Industrial Trust has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 3 consecutive 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 analysts expect LXP Industrial Trust to earn $3.55 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 78.9%.

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LXP Industrial Trust Stock Performance

Shares of LXP opened at $55.31 on Friday. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.18. The business’s 50 day moving average price is $52.02 and its 200-day moving average price is $50.09. LXP Industrial Trust has a 52 week low of $38.20 and a 52 week high of $55.62. The stock has a market cap of $3.26 billion, a P/E ratio of 37.37 and a beta of 1.05.

LXP Industrial Trust (NYSE:LXP – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.80 earnings per share for the quarter. LXP Industrial Trust had a return on equity of 4.80% and a net margin of 27.05%.The company had revenue of $85.95 million for the quarter, compared to the consensus estimate of $81.47 million. During the same quarter in the prior year, the business posted $0.16 EPS. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. LXP Industrial Trust has set its FY 2026 guidance at 3.220-3.370 EPS. Equities research analysts anticipate that LXP Industrial Trust will post 3.35 earnings per share for the current fiscal year.

About LXP Industrial Trust

(Get Free Report)

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.

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