LXP Industrial Trust (NYSE:LXP) finished Wednesday with an addition of $0.31 to close at $9.77, an upside of 3.28 percent. An average of 1,398,580 shares of common stock have been traded in the last five days. There was a gain of $0.28 in the past week, and it reached a new high 18 times over the past 12 months. The last 20 days have seen an average of 1,660,625 shares traded, while the 50-day average volume stands at 1,977,870.
LXP stock has decreased by -7.48% in the last month. The company shares reached their 1-month lowest point of $9.29 on 08/21/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $8.79 and a high of $11.92 in 52 weeks. It has reached a new high 13 times so far this year and lost -2.50% or -$0.25 in price. In spite of this, the price is down -18.04% from the 52-week high.
Valuation Metrics
LXP Industrial Trust (LXP) has a trailing price-to-earnings (P/E) ratio of 46.30. The stock’s beta is 0.81. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 8.52, the price-to-book (PB) ratio at 1.30.
The company has a payout ratio of 231.10%. The company’s most recent quarterly dividend payment was $0.1250 a share, without any change from last year. Its latest increase dividend $0.0050 reported on Thursday November 3 2022.
Financial Health
Further, the company has a long term debt to equity ratio of 0.68 and a total debt to equity ratio of 0.68 for the quarter ending June 29. Its gross profit as reported stood at $47.09 million compared to revenue of $321.25 million.
Earnings Surprise
For the three-month period that ended June 29, LXP Industrial Trust had $66.35 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$9.68 million in the quarter, while revenues of $9.52 million were grew 509.81%. 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 -$0.03, a -200.00% surprise. For the quarter, EBITDA amounted to $16.3 million. At the end of the quarter ending June 29, LXP Industrial Trust’s stock balance sheet showed total debt was $1.51 billion. Shareholders own equity worth $292.61 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 23 August was 51.89%, suggesting the stock is Neutral, with historical volatility in this time frame at 23.69%.
As of today, LXP’s price is $9.49 +2.95% or $0.28 from its 5-day moving average. LXP is currently trading -8.69% lower than its 20-day SMA and -2.79% lower than its 100-day SMA. However, the stock’s current price level is -4.22% below the SMA50 and -3.84% below the SMA200.
The stochastic %K and %D were 31.14% and 18.46%, respectively, and the average true range (ATR) was 0.20. With the 14-day stochastic at 64.00% and the average true range at 0.21, the RSI (14) stands at 47.79%. The stock has reached -0.04 on the 9-day MACD Oscillator while the 14-day reading was at -0.18.
Analyst Ratings
KeyBanc Capital Markets upgraded LXP Industrial Trust (NYSE: LXP) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as a Sector weight. 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 3 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 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 $10.00 and $12.00, with a median target of $11.00. Taking a look at these predictions, the average price target given by analysts for LXP Industrial Trust (LXP) stock is $11.00.
