The stock of LXP Industrial Trust (NYSE:LXP) increased by $0.1 on Tuesday to finish at $9.74, up 1.04 percent. The last five days have seen an average of 2,262,940 shares of common stock traded. 13 times new highs were reached in the current year, with a fall of -$0.28. The average number of shares traded over the last 20 days was 1,751,985, while the average volume over the last 50 days totaled 1,849,482.
LXP stock dropped -3.28% since last month. On 08/21/23, the company’s shares reached a one-month low of $9.29. The stock touched a high of $11.92 on 02/02/23, after rallying from a low of $8.79 in 52 weeks. The price of LXP stock has declined by -2.79% or -$0.28 this year, reaching a new high 13 times. Still, the stock price is down -18.29% from the 52-week high.
Valuation Metrics
LXP Industrial Trust (LXP) has a trailing price-to-earnings (P/E) ratio of 46.16. 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 8.58, the price-to-book (PB) ratio of 1.29.
Company paid $0.1250 per share in dividends, remained unchanged from $0.1250 last year. A $0.0050 dividend increase was reported on Thursday November 3 2022.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 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 83.80% percent. LXP Industrial Trust’s operating margin stood at 10.30% for the same period. Based on annual data, it had gross profit of $47.09 million and revenue of $321.25 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. LXP’s return on assets (ROA) during the last 12 months has been 1.50%. There was a 1.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 2.70%.
Earnings Surprise
According to LXP Industrial Trust’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $87.05 million, while revenues rose by 8.35% to $85.08 million. It was predicted that LXP Industrial Trust’s quarterly earnings would be -$0.03, but it ended up being -$0.01. EBITDA was $16.3 million for the quarter. At the end of LXP Industrial Trust’s most recent quarter ended June 29, its total debt was $1.51 billion. Equity owned by shareholders amounts to $292.61 million.
Technical Picture
Here’s a quick look at LXP Industrial Trust’s (LXP) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 51.96%, suggesting the stock is Neutral, with a 21.32% historical volatility rate.
The stochastic %K and %D were 50.22% and 49.48% respectively, while the average true range (ATR) was 0.20. Based on the 14-day stochastic reading of 60.00%, the RSI (14) reading is 48.05%. On the 9-day MACD Oscillator, the stock is at 0.10, and the 14-day reading is at 0.05.
Analyst Ratings
In its most recent analyst report, KeyBanc Capital Markets raised its rating on LXP Industrial Trust (NYSE: LXP) to an Overweight. Prior to this, analysts firm rated the stock as a Sector weight. 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 2 others 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 $10.00 and $12.00, with a median target price of $11.00. In analyzing these forecasts, the average price target given by analysts for LXP Industrial Trust (LXP) is $11.00.
