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

7.89

Mkt cap

2.3B

Volume

2.7M

High

7.97

P/E Ratio

128.67

52-wk high

10.57

Low

7.67

Div yield

0.07

52-wk low

7.67

LXP Industrial is highlighted as a promising investment for dividend seekers and long-term growth, offering a 6.7% dividend yield. The company's strong portfolio in high-growth U.S. markets and strategic positioning are expected to benefit from demographic trends and manufacturing reshoring.

Portfolio Pulse from

January 02, 2025 | 1:45 pm

LXP Industrial Trust held its Q3 2024 earnings call, discussing financial performance and strategic initiatives. Key executives participated, and analysts from Jefferies LLC, Evercore ISI, and Citizens JMP were present.

Portfolio Pulse from

November 06, 2024 | 5:45 pm

LXP Industrial (LXP) reported Q3 funds from operations (FFO) of $0.16 per share, matching the Zacks Consensus Estimate but down from $0.18 per share a year ago.

Portfolio Pulse from

November 06, 2024 | 1:30 pm

LXP Industrial Trust, a real estate investment trust specializing in Class A warehouse and distribution real estate, has announced its financial results for the third quarter of 2024.

Portfolio Pulse from

November 06, 2024 | 11:15 am

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

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