Streetbeat News

LXP

LXP Industrial Trust

https://www.lxp.com

Industry

REIT - Industrial

Lexington Realty Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) that owns a portfolio of real estate assets consisting primarily of equity investments in single-tenant net-leased industrial properties across the United States. Lexington seeks to expand its industrial portfolio through build-to-suit transactions, sale-leaseback transactions and other transactions, including acquisitions.

Open

9.67

Mkt cap

2.8B

Volume

2.2M

High

9.73

P/E Ratio

159.67

52-wk high

10.57

Low

9.50

Div yield

0.05

52-wk low

8.08

Evercore ISI Group has maintained an 'In-Line' rating on LXP Industrial Trust and raised its price target from $10 to $11.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 3:22 pm

Evercore ISI Group has maintained an 'In-Line' rating on LXP Industrial Trust and raised its price target from $9 to $10.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 5:01 pm

LXP Industrial Trust has updated its FY24 estimated adjusted company FFO per share range from $0.61 - $0.65 to $0.62 - $0.65, with an estimate of $0.63.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 10:19 am

LXP Industrial Trust reported Q2 2024 AFFO of $0.16 per share, meeting analyst expectations but down 11.11% from last year. Sales were $85.786 million, slightly beating estimates but down 1.45% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 10:16 am

Chicago Atlantic Real Estate Finance (NASDAQ:REFI) is outperforming its peers in the cannabis capital providers and mortgage REIT sectors due to its premium valuation, high dividend yield, and robust growth track record. REFI trades at a 3% premium to its book value and offers a 12.2% dividend yield, supported by a solid dividend coverage ratio and special cash dividends. Despite an increase in leverage, REFI maintains a conservative risk profile and a strong growth track record, making it an attractive investment.

Portfolio Pulse from Nicolás Jose Rodriguez

July 05, 2024 | 3:02 pm

Jefferies analyst Jonathan Petersen maintains a Buy rating on LXP Industrial Trust (NYSE:LXP) and raises the price target from $11 to $12.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 5:23 pm

LXP Industrial Trust announced that Beth Boulerice will step down from her roles as CFO and Treasurer effective March 1, 2025. Nathan Brunner will succeed her and has been appointed Executive Vice President of Capital Markets effective September 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 8:42 pm

LXP Industrial Trust projects its 2024 EPS to be between $0.08 and $0.12, an improvement from its previous forecast of $(0.02) to $0.02. The company also expects its Adjusted FFO to range from $0.61 to $0.65 per diluted common share, aligning with the consensus estimate of $0.63.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 10:18 am

LXP Industrial Trust reported its Q1 2024 adjusted FFO at $0.16 per share, meeting analyst expectations, and sales of $86.251M, surpassing the $81.723M forecast. This represents a slight decrease in earnings but an increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 10:06 am

LXP Industrial Trust has filed for a mixed shelf offering according to an SEC filing. The size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 9:07 pm

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