How Much Dividend Does LXP Industrial Trust (LXP) Pay?


LXP Industrial Trust (NYSE:LXP) finished Wednesday with an addition of $0.09 to close at $9.84, an upside of 0.92 percent. An average of 3,468,980 shares of common stock have been traded in the last five days. There was a gain of $0.08 in the past week, and it reached a new high 26 times over the past 12 months. The last 20 days have seen an average of 2,110,725 shares traded, while the 50-day average volume stands at 1,695,500.

LXP stock has decreased by -7.52% in the last month. The company shares reached their 1-month lowest point of $9.51 on 09/20/22. With the stock rallying to its 52-week high on 03/29/22, shares of the company touched a low of $9.51 and a high of $16.10 in 52 weeks. It has reached a new high 4 times so far this year and lost -37.00% or -$5.78 in price. In spite of this, the price is down -38.90% from the 52-week high.

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Valuation Metrics

LXP Industrial Trust (LXP) has a trailing price-to-earnings (P/E) ratio of 9.66. The stock’s beta is 0.76. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 8.26, the price-to-book (PB) ratio at 1.31, and the price-to-cash flow ratio at 60.45.

Financial Health

Further, the company has a long term debt to equity ratio of 0.76 and a total debt to equity ratio of 0.76 for the quarter ending June 29. Its gross profit as reported stood at $84.08 million compared to revenue of $344.0 million.

Earnings Surprise

For the three-month period that ended June 29, LXP Industrial Trust had $77.65 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $39.67 million in the quarter, while revenues of $8.99 million were shrunk -78.98%. The analyst consensus anticipated LXP Industrial Trust’s latest quarter earnings to come in at $0.01 per share, but it turned out to be $0.14, a 1,300.00% surprise. For the quarter, EBITDA amounted to $11.58 million. At the end of the quarter ending June 29, LXP Industrial Trust’s stock balance sheet showed total debt was $1.64 billion. Shareholders own equity worth $279.89 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at LXP Industrial Trust (LXP) price momentum. RSI 9-day as of the close on 21 September was 36.98%, suggesting the stock is Neutral, with historical volatility in this time frame at 31.46%.

As of today, LXP’s price is $9.80 +0.82% or $0.08 from its 5-day moving average. LXP is currently trading -6.64% lower than its 20-day SMA and -24.77% lower than its 100-day SMA. However, the stock’s current price level is -7.17% below the SMA50 and -34.92% below the SMA200.

The stochastic %K and %D were 23.81% and 20.49%, respectively, and the average true range (ATR) was 0.25. With the 14-day stochastic at 29.60% and the average true range at 0.24, the RSI (14) stands at 37.50%. The stock has reached -0.17 on the 9-day MACD Oscillator while the 14-day reading was at -0.26.

Analyst Ratings

The consensus rating for LXP Industrial Trust (LXP) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell LXP, while 2 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.

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

Analysts predict a range of price targets between $12.00 and $14.00, with a median target of $12.25. Taking a look at these predictions, the average price target given by analysts for LXP Industrial Trust (LXP) stock is $12.63.


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