LXP Industrial Trust (NYSE:LXP) currently has a daily average trading volume of 2.15M but it saw 1351189 shares traded on Wednesday. With a market cap of 2.94B USD, stock’s current market price of $10.06 came falling about -1.95 while comparing to the previous closing price of $10.26. In past 52 weeks, the stock remained buoying in the range of price level as high as $11.92 and as low as $8.79. In the recent trading on the day, stock has struck highest price mark of $10.22 while lowest mark touched by it was $10.05.
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Taking a look at 20-day trading activity of LXP Industrial Trust (LXP) gives us an average price of $9.78, while its current price level is -15.60% below from 52-week high level whereas it is 14.47% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $9.76 while that of 200 days or SMA-200 reads an average of $10.21. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.89% during that period while stretching the period over a month that increases to 2.08%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 56.61 which implies that the stock is in neutral territory.
LXP Industrial Trust (LXP)’s stock is currently under the radar of 6 analysts who are in consensus at a 12-month price target range of between $10.00 and $12.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $10.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $12.00. Average price target assigned by them is $11.20 which highlights an upside potential of 10.18% for the stock over that period. And to attain the median price target of $11.00 assigned by those analysts, stock has to add about 8.55% of value to its current levels.
Data by FactSet Research shows that 6 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 2 analysts suggested the investors to Buy the stock while 3 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Hold for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, LXP’s stock price is moving 0.10% up while it is 8.17% when we observe its performance for the past one month. Year-to-date it is 0.40% up and over the past year, the stock is showing a downside performance of -10.17%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of $0.03 beat the consensus estimate of $0 for the same. The company is expected to be releasing its next quarterly report in 08/03/2023, for which analysts forecasted an EPS of -$0.01 while estimate for next year EPS is -$0.01. For LXP, analysts are forecasting an EPS-growth rate of -102.60% for current year and estimate for EPS growth in next year is 200.00%. In next quarter, company is expected to be making quarterly sales of $83.68 million as analysts are expecting the sales for current fiscal year at $335.43 million and seeing the company making $348.13 million in sales next year. Moreover, analysts are in estimates of $82.99 million for current-quarter revenue.
Currently, LXP Industrial Trust’s total number of outstanding shares is 290.08M with 2.28% of that held by the insiders while 98.10% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 1.00% and return on equity (ROE) at 5.00%. It has a price to earnings ratio (P/E ratio) of 26.20 while having a 1006.00 of forward P/E ratio. Stock’s beta reads 0.83. Stock has a price to book (P/B) ratio of 1.31 while price to sale or P/S ratio amounts to 9.02. Its return on asset (ROA) is 2.70% on average.
A filing at the U.S. Securities and Exchange Commission revealed that iShares Core S&P Small Cap ETF came shrinking its share ownership by -0.14% in the LXP Industrial Trust (LXP) decreasing its stake to 6.85% with control over 27200.0 shares in the company. As per SEC documents, iShares Core S&P Small Cap ETF shunned 20,029,474 of company’s common stock of worth $188.28 million as per recent closing price of the stock. iShares Core S&P Small Cap ETF is not the only institutional holder which restructured its stake in LXP Industrial Trust, as Vanguard Real Estate Index Fund dumped 12,116,511 shares of worth $113.9 million to bring its holdings to a total of 30131.0 shares. In the most recent quarter, Vanguard Total Stock Market ETF came rising its stake by 0.05% in the company and now holds 9.17 million or 3.13% of the company’s stake having worth of about 86.18 million.
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