The price-to-earnings ratio for LXP Industrial Trust (NYSE: LXP) is above average at 106.81x. The 36-month beta value for LXP is also noteworthy at 0.88. 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 286.52M, and at present, short sellers hold a 1.40% of that float. The average trading volume of LXP on October 30, 2024 was 1.88M shares.
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LXP) stock’s latest price update
LXP Industrial Trust (NYSE: LXP) has experienced a rise in its stock price by 1.23 compared to its previous closing price of 9.38. However, the company has seen a fall of -2.31% in its stock price over the last five trading days. globenewswire.com reported 2024-10-08 that WEST PALM BEACH, Fla., Oct. 08, 2024 (GLOBE NEWSWIRE) — LXP Industrial Trust (NYSE: LXP) (“LXP”), a real estate investment trust (REIT) focused on Class A warehouse and distribution real estate investments, today announced it will release its third quarter 2024 financial results the morning of Wednesday, November 6, 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 -2.31% fall in stock performance for the week, with a -3.99% decline in the past month and a -5.90% plunge in the past quarter. The volatility ratio for the week is 1.99%, and the volatility levels for the past 30 days are at 1.73% for LXP. The simple moving average for the past 20 days is -1.32% for LXP’s stock, with a 2.08% simple moving average for the past 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 -4.45% 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 -10.13% of loss for the given period.
Volatility was left at 1.73%, however, over the last 30 days, the volatility rate increased by 1.99%, as shares sank -2.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.60% lower at present.
During the last 5 trading sessions, LXP fell by -1.80%, which changed the moving average for the period of 200-days by +1.98% in comparison to the 20-day moving average, which settled at $9.62. In addition, LXP Industrial Trust saw -4.28% in overturn over a single year, with a tendency to cut further losses.
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 12.71. The receivables turnover for the company is 3.88for trailing twelve months and the total asset turnover is 0.09.
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.
