LXP dividend – LXP Industrial Trust Announces 0.125 Cash Dividend
March 20, 2023
Dividends Yield
This new dividend payment follows a history of consistent distributions from the Trust, with an annual dividend per share of 0.48 USD for the last 3 fiscal years, resulting in a constant dividend yield of 4.25%. For dividend investors who are looking for stable returns, LXP INDUSTRIAL TRUST ($NYSE:LXP) may offer an attractive option, with the ex-dividend date occurring on March 30 2023. The trust’s reliable income and high yield makes it an ideal choice for individuals looking for a secure investment that offers consistent returns over time. Additionally, LXP INDUSTRIAL TRUST’s past performance indicates that the Trust will continue to offer reliable dividends and a solid return on investment.
Share Price
At the end of the trading day on Friday, the stock opened at $9.9 and closed at $9.8, down by 2.0% from the last closing price of 10.0. This news caused a slight dip in share prices for the industrial trust, though its performance overall has been positive and continues to rise steadily. The dividend is a sign of the trust’s financial strength and stability, as well as its dedication to rewarding its shareholders with a steady return on their investments. Investors should continue to monitor the stock closely in anticipation of future dividend payments from LXP Industrial Trust. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for LXP. More…
| Total Revenues | Net Income | Net Margin |
| 321.25 | 107.31 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for LXP. More…
| Operations | Investing | Financing |
| 194.27 | -236.92 | -93.87 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for LXP. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.05k | 1.66k | 7.74 |
Key Ratios Snapshot
Some of the financial key ratios for LXP are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 14.6% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – LXP Intrinsic Value
GoodWhale recently conducted an analysis of LXP INDUSTRIAL TRUST and its fundamentals. Using our proprietary Valuation Line, we calculated the intrinsic value of LXP INDUSTRIAL TRUST shares to be around $12.5. Currently, the stock is trading at $9.8, which means that it is undervalued by 21.4%. Therefore, we believe that investors can buy this stock for a bargain price. Our analysis shows that LXP INDUSTRIAL TRUST is a solid investment opportunity with good upside potential. We encourage investors to take advantage of this opportunity and reap the benefits. More…
Peers
LXP Industrial Trust’s competitors include H&R Real Estate Investment Trust, Cousins Properties Inc, First Industrial Realty Trust Inc.
– H&R Real Estate Investment Trust ($TSX:HR.UN)
H&R Real Estate Investment Trust has a market cap of $2.91 billion as of 2022. The company is a real estate investment trust that owns, operates, and develops office, retail, and residential properties. H&R’s portfolio includes properties in Canada, the United States, and Europe.
– Cousins Properties Inc ($NYSE:CUZ)
Cousins Properties is a real estate investment trust (REIT) that is engaged in the development, acquisition, and management of commercial real estate properties. The company’s portfolio includes office, retail, and mixed-use properties. As of December 31, 2020, Cousins Properties owned and operated 58 properties with a total of 18.3 million square feet of leasable space.
– First Industrial Realty Trust Inc ($NYSE:FR)
First Industrial Realty Trust, Inc. is a real estate investment trust (REIT) that owns, acquires, develops, and operates industrial properties. The company’s portfolio includes distribution warehouses, light manufacturing facilities, and other types of industrial property. As of December 31, 2020, First Industrial owned 579 properties totaling approximately 86.7 million square feet of space.
Summary
Investing in LXP INDUSTRIAL TRUST is a reliable way to generate consistent returns. It has paid out a reliable annual dividend per share of 0.48 USD for the past three fiscal years, which equates to a dividend yield of 4.25%. This dividend yield is attractive to investors looking for a low-risk and steady source of income.
Additionally, the company has an established track record of payouts and has always met its financial obligations to shareholders. Thus, LXP INDUSTRIAL TRUST makes a great long-term investment choice for those seeking stable income.
