LXP Industrial Trust (NYSE: LXP) has seen a decline in its stock price by -0.68 in relation to its previous close of 8.83. However, the company has experienced a -1.46% decline in its stock price over the last five trading sessions. Seeking Alpha reported 2024-03-25 that Industrial real estate has experienced strong demand growth, leading to an increase in development of new warehouses. The supply and demand for industrial real estate vary by location, resulting in pockets of both strength and weakness. The future winners in the industrial real estate sector can be estimated by studying valuation and operating fundamentals.
Is It Worth Investing in LXP Industrial Trust (NYSE: LXP) Right Now?
The price-to-earnings ratio for LXP Industrial Trust (NYSE: LXP) is above average at 107.34x. The 36-month beta value for LXP is also noteworthy at 0.81. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 7 rating it as “hold,” and 2 rating it as “sell.”
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The public float for LXP is 286.84M, and at present, short sellers hold a 1.91% of that float. The average trading volume of LXP on March 27, 2024 was 2.28M shares.
LXP’s Market Performance
LXP stock saw an increase of -1.46% in the past week, with a monthly gain of 3.30% and a quarterly increase of -11.14%. The volatility ratio for the week is 2.62%, and the volatility levels for the last 30 days are 2.20% for LXP Industrial Trust (LXP). The simple moving average for the last 20 days is -1.62% for LXP stock, with a simple moving average of -5.30% for the last 200 days.
Analysts’ Opinion of LXP
Many brokerage firms have already submitted their reports for LXP stocks, with KeyBanc Capital Markets repeating the rating for LXP by listing it as a “Overweight.” The predicted price for LXP in the upcoming period, according to KeyBanc Capital Markets is $12 based on the research report published on May 15, 2023 of the previous year 2023.
BofA Securities gave a rating of “Underperform” to LXP, setting the target price at $14 in the report published on April 18th of the previous year.
LXP Trading at -2.60% from the 50-Day Moving Average
After a stumble in the market that brought LXP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -18.10% of loss for the given period.
Volatility was left at 2.20%, however, over the last 30 days, the volatility rate increased by 2.62%, as shares surge +2.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.07% lower at present.
During the last 5 trading sessions, LXP fell by -1.46%, which changed the moving average for the period of 200-days by -16.56% in comparison to the 20-day moving average, which settled at $8.92. In addition, LXP Industrial Trust saw -11.59% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for LXP
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.29 for the gross margin
The net margin for LXP Industrial Trust stands at 0.09. The total capital return value is set at 0.0. Equity return is now at value 1.32, with 0.73 for asset returns.
Based on LXP Industrial Trust (LXP), the company’s capital structure generated 0.43 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 0.77. The interest coverage ratio of the stock is 0.06.
Currently, EBITDA for the company is 255.94 million with net debt to EBITDA at 22.43. When we switch over and look at the enterprise to sales, we see a ratio of 11.88. The receivables turnover for the company is 3.97for trailing twelve months and the total asset turnover is 0.08.
Conclusion
In summary, LXP Industrial Trust (LXP) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
