LXP Industrial Trust (NYSE: LXP) has a price-to-earnings ratio of 104.16x that is above its average ratio. Additionally, the 36-month beta value for LXP is 0.82. 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.”
The public float for LXP is 286.82M and currently, short sellers hold a 1.56% ratio of that float. The average trading volume of LXP on April 30, 2024 was 2.50M shares.
LXP) stock’s latest price update
The stock price of LXP Industrial Trust (NYSE: LXP) has surged by 0.35 when compared to previous closing price of 8.48, but the company has seen a -1.73% decline in its stock price over the last five trading sessions. GlobeNewsWire reported 2024-04-12 that WEST PALM BEACH, Fla., April 12, 2024 (GLOBE NEWSWIRE) — LXP Industrial Trust (NYSE:LXP) (“LXP”), a real estate investment trust (REIT) focused on single-tenant warehouse and distribution real estate investments, today announced it will release its first quarter 2024 financial results the morning of Thursday, May 2, 2024. LXP will host its conference call and webcast that same day at 8:30 a.m., Eastern Time to discuss these results. Participants may access the call and webcast by the following:
LXP’s Market Performance
LXP Industrial Trust (LXP) has seen a -1.73% fall in stock performance for the week, with a -5.65% decline in the past month and a -10.89% plunge in the past quarter. The volatility ratio for the week is 1.88%, and the volatility levels for the past 30 days are at 2.21% for LXP. The simple moving average for the past 20 days is -3.23% for LXP’s stock, with a -6.84% simple moving average for the past 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 -3.61% 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 -20.53% of loss for the given period.
Volatility was left at 2.21%, however, over the last 30 days, the volatility rate increased by 1.88%, as shares sank -4.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.74% lower at present.
During the last 5 trading sessions, LXP fell by -1.73%, which changed the moving average for the period of 200-days by -17.46% in comparison to the 20-day moving average, which settled at $8.78. In addition, LXP Industrial Trust saw -14.21% 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 11.65. The receivables turnover for the company is 3.97for trailing twelve months and the total asset turnover is 0.08.
Conclusion
In conclusion, LXP Industrial Trust (LXP) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
