As of Thursday close, LXP Industrial Trust’s (NYSE:LXP) stock was down -$0.35, moving down -3.62 percent to $9.31. The average number of shares traded per day over the past five days has been 2,753,100 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.43 fall in that time frame. In the last twenty days, the average volume was 1,983,325, while in the previous 50 days, it was 1,737,328.
Since last month, LXP stock retreated -1.59%. Shares of the company fell to $9.31 on 09/21/23, 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 -7.09% or -$0.71, and marked a new high 13 times. However, the stock has declined by -21.90% since its 52-week high.
Valuation Metrics
Right now, LXP Industrial Trust (LXP) has a P/E ratio of about 44.12. The stock’s beta is 0.80. Besides these, the trailing price-to-sales (P/S) ratio of 8.22, the price-to-book (PB) ratio of 1.23.
The latest dividend of $0.1250 per share was paid out, remained unchanged from last year’s $0.1250.
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 25.47%, the RSI 9-day stood at 31.64% on 21 September.
With respect to its five-day moving average, the current LXP Industrial Trust price is down by -4.41% percent or -$0.43. At present, LXP shares trade -4.71% below its 20-day simple moving average and -0.96% percent below its 100-day simple moving average. However, the stock is currently trading approximately -9.87% below its SMA50 and -13.15% below its SMA200.
Stochastic coefficient K was 47.90% and Stochastic coefficient D was 48.54%, 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 36.53%. As of today, the MACD Oscillator reading stands at -0.05, while the 14-day reading stands at -0.07.
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.
