Are You Considering LXP Industrial Trust (LXP) As Part Of Your Portfolio?

The stock of LXP Industrial Trust (NYSE:LXP) increased by $0.12 on Tuesday to finish at $11.37, up 1.07 percent. The last five days have seen an average of 2,146,040 shares of common stock traded. 4 times new highs were reached in the current year, with a fall of -$4.25. The average number of shares traded over the last 20 days was 2,455,080, while the average volume over the last 50 days totaled 3,060,978.

LXP stock dropped -14.06% since last month. On 05/20/22, the company’s shares reached a one-month low of $10.84. The stock touched a high of $16.10 on 03/29/22, after rallying from a low of $10.84 in 52 weeks. The price of LXP stock has declined by -27.21% or -$4.25 this year, reaching a new high 4 times. Still, the stock price is down -29.40% from the 52-week high.

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Insider Transactions

There have been 2 days since LXP Industrial Trust (LXP) last reported insider trading activity on May 23. On May 23, Director Gray Lawrence L acquired 2,260 shares at $11.13 each. This transaction resulted in the insider spending $25,162. On May 20, FRARY RICHARD added 10,000 shares at a price of US$10.95. After the transaction, the insider now owns 133,606 shares. Director Gupta Arun had earlier bought 4,500 shares on May 11 for $11.00 a share. The transaction was completed for $49,500.

Valuation Metrics

LXP Industrial Trust (LXP) has a trailing price-to-earnings (P/E) ratio of 10.05. Beta for the stock is 0.80. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 9.80, the price-to-book (PB) ratio of 1.47.

Company paid $0.12 per share in dividends, remained unchanged from $0.12 last year. A $0.0120 dividend increase was reported on Friday November 5 2021.

Financial Health

The company’s long-term debt to equity ratio for the quarter ending March 30 is 0.68, and the total debt to equity ratio is 0.68. As far as profitability goes, gross margin for the trailing twelve months is 85.60% percent. Based on annual data, it had gross profit of $84.08 million and revenue of $344.0 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. There was a 1.70% return on investment (ROI) in the past year.

Earnings Surprise

According to LXP Industrial Trust’s quarterly financial report for the quarter that ended March 30. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $80.28 million, while revenues fell by -15.3% to $86.48 million. It was predicted that LXP Industrial Trust’s quarterly earnings would be $0.03, but it ended up being $0.01. EBITDA was $10.42 million for the quarter. At the end of LXP Industrial Trust’s most recent quarter ended March 30, its total debt was $1.53 billion. Equity owned by shareholders amounts to $286.65 million.

Technical Picture

Here’s a quick look at LXP Industrial Trust’s (LXP) price momentum from a technical perspective. As of 24 May, the RSI 9-day stood at 40.55%, suggesting the stock is Neutral, with a 34.99% historical volatility rate.

The stochastic %K and %D were 22.09% and 15.29% respectively, while the average true range (ATR) was 0.37. Based on the 14-day stochastic reading of 30.11%, the RSI (14) reading is 36.31%. On the 9-day MACD Oscillator, the stock is at -0.12, and the 14-day reading is at -0.14.

Analyst Ratings

Analysts have assigned LXP Industrial Trust (LXP) an Hold rating. LXP is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.

What is LXP’s price target for the next 12 months?

The current consensus forecast for the stock is between $14.00 and $16.00, with a median target price of $14.75. In analyzing these forecasts, the average price target given by analysts for LXP Industrial Trust (LXP) is $14.88.


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