As of Wednesday close, LXP Industrial Trust’s (NYSE:LXP) stock was down -$0.12, moving down -1.25 percent to $9.49. The average number of shares traded per day over the past five days has been 1,710,360 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.47 fall in that time frame. In the last twenty days, the average volume was 1,596,355, while in the previous 50 days, it was 2,111,028.
Since last month, LXP stock retreated -7.23%. Shares of the company fell to $9.49 on 08/16/23, the lowest level in the past month. A 52-week high of $11.92 was reached on 02/02/23 after having rallying from a 52-week low of $8.79. Since the beginning of this year, LXP’s stock price has dropped by -5.29% or -$0.53, and marked a new high 13 times. However, the stock has declined by -20.39% since its 52-week high.
Valuation Metrics
Right now, LXP Industrial Trust (LXP) has a P/E ratio of about 44.98. The stock’s beta is 0.80. Besides these, the trailing price-to-sales (P/S) ratio of 8.31, the price-to-book (PB) ratio of 1.26.
The latest dividend of $0.1250 per share was paid out, remained unchanged from last year’s $0.1250. On Thursday November 3 2022, a $0.0050 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.68, and the total debt-to-equity ratio was 0.68. On the profitability front, the trailing twelve-month gross margin is 83.80% percent. In the year ended June 29, operating margins totaled 10.30%. Based on annual data, LXP earned $47.09 million in gross profit and brought in $321.25 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 1.00%. Return on equity (ROE) for the past 12 months was 2.70%.
In LXP Industrial Trust’s quarter-end financial report for June 29, it reported total debt of $66.35 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. LXP’s revenue rose 8.35% to $85.08 million during the quarter, while net income inched up to $87.05 million. While analysts expected LXP Industrial Trust to report -$0.01 quarterly earnings, the actual figure was -$0.03 per share. During the quarter, the company generated $16.3 million in EBITDA. The value of shareholders’ equity is $292.61 million.
Technical Picture
This quick technical analysis looks at LXP Industrial Trust’s (LXP) price momentum. With a historical volatility rate of 13.39%, the RSI 9-day stood at 22.16% on 16 August.
With respect to its five-day moving average, the current LXP Industrial Trust price is down by -4.72% percent or -$0.47. At present, LXP shares trade -8.66% below its 20-day simple moving average and +0.96% percent above its 100-day simple moving average. However, the stock is currently trading approximately -8.75% below its SMA50 and -0.73% below its SMA200.
Stochastic coefficient K was 9.78% and Stochastic coefficient D was 10.77%, while ATR was 0.20. Given the Stochastic reading of 0.00% for the 14-day period, the RSI (14) reading has been calculated as 30.93%. As of today, the MACD Oscillator reading stands at -0.23, while the 14-day reading stands at -0.31.
Analyst Ratings
KeyBanc Capital Markets upgraded its rating on LXP Industrial Trust (NYSE: LXP) to an Overweight in a note to investors on May 15, 2023. The analysts firm previously had a Sector weight rating on the stock.LXP Industrial Trust (LXP) has been rated Hold by analysts. According to 0 brokerage firms, LXP is a sell, and 3 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate LXP Industrial Trust stock as buy, with 2 recommending it as overweight.
With a median target price of $11.00, the current consensus forecast for the stock is $10.00 – $12.00. Based on these forecasts, analysts predict LXP Industrial Trust (LXP) will achieve an average price target of $11.00.
