LXP Industrial Trust (NYSE: LXP) has a higher price-to-earnings ratio of 115.02x compared to its average ratio. LXP has 36-month beta value of 0.89. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 7 as “hold,” and 2 as “sell.”
The public float for LXP is 286.54M, and currently, short sellers hold a 1.43% ratio of that float. The average trading volume of LXP on September 25, 2024 was 2.24M shares.
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LXP) stock’s latest price update
LXP Industrial Trust (NYSE: LXP)’s stock price has soared by 0.15 in relation to previous closing price of 10.21. Nevertheless, the company has seen a gain of 0.74% in its stock price over the last five trading days. seekingalpha.com reported 2024-07-31 that LXP Industrial Trust (NYSE:LXP ) Q2 2024 Earnings Conference Call July 31, 2024 8:30 AM ET Company Participants Heather Gentry – IR Will Eglin – CEO Brendan Mullinix – CIO James Dudley – EVP Beth Boulerice – CFO Conference Call Participants Anthony Paolone – JPMorgan Todd Thomas – KeyBanc Capital Markets Mitch Germain – Citizens JMP Camille Bonnel – Bank of America James Kammert – Evercore ISI Jon Petersen – Jefferies LLC Operator Thank you for standing by. My name is Christa and I will be your conference operator today.
LXP’s Market Performance
LXP Industrial Trust (LXP) has experienced a 0.74% rise in stock performance for the past week, with a -0.73% drop in the past month, and a 12.98% rise in the past quarter. The volatility ratio for the week is 1.58%, and the volatility levels for the past 30 days are at 1.71% for LXP. The simple moving average for the last 20 days is 0.32% for LXP’s stock, with a simple moving average of 10.04% for the last 200 days.
Analysts’ Opinion of LXP
Many brokerage firms have already submitted their reports for LXP stocks, with Exane BNP Paribas repeating the rating for LXP by listing it as a “Outperform.” The predicted price for LXP in the upcoming period, according to Exane BNP Paribas is $11 based on the research report published on June 04, 2024 of the current year 2024.
KeyBanc Capital Markets, on the other hand, stated in their research note that they expect to see LXP reach a price target of $12. The rating they have provided for LXP stocks is “Overweight” according to the report published on May 15th, 2023.
LXP Trading at 1.49% 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 -3.22% of loss for the given period.
Volatility was left at 1.71%, however, over the last 30 days, the volatility rate increased by 1.58%, as shares sank -1.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.44% upper at present.
During the last 5 trading sessions, LXP rose by +0.34%, which changed the moving average for the period of 200-days by +11.07% in comparison to the 20-day moving average, which settled at $10.19. In addition, LXP Industrial Trust saw 3.07% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LXP starting from Gupta Arun, who purchase 15,000 shares at the price of $8.95 back on Jun 12 ’24. After this action, Gupta Arun now owns 65,474 shares of LXP Industrial Trust, valued at $134,250 using the latest closing price.
Stock Fundamentals for LXP
Current profitability levels for the company are sitting at:
- -0.14 for the present operating margin
- 0.28 for the gross margin
The net margin for LXP Industrial Trust stands at 0.09. The total capital return value is set at -0.01. Equity return is now at value 1.46, with 0.82 for asset returns.
Based on LXP Industrial Trust (LXP), the company’s capital structure generated 0.42 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 0.73. The interest coverage ratio of the stock is -0.8.
Currently, EBITDA for the company is 255.94 million with net debt to EBITDA at 9.85. When we switch over and look at the enterprise to sales, we see a ratio of 13.37. The receivables turnover for the company is 3.88for trailing twelve months and the total asset turnover is 0.09.
Conclusion
To put it simply, LXP Industrial Trust (LXP) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
