LXP Industrial Trust [NYSE: LXP] closed the trading session at $9.10. The company report on March 18, 2024 at 4:15 PM that LXP Industrial Trust Announces Quarterly Common Share Dividend.
LXP also declared a cash dividend of $0.8125 per share of Series C Cumulative Convertible Preferred Stock for the quarter ending March 31, 2024, which is payable on or about May 15, 2024, to shareholders of record as of April 30, 2024.
The stocks have a year to date performance of -8.27 percent and weekly performance of 3.41 percent. The stock has been moved at 4.72 percent over the last six months. The stock has performed -0.22 percent around the most recent 30 days and changed -6.47 percent over the most recent 3-months.
If compared to the average trading volume of 2.42M shares, LXP reached to a volume of 2463836 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about LXP Industrial Trust [LXP]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LXP shares is $9.70 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LXP stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
KeyBanc Capital Markets have made an estimate for LXP Industrial Trust shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on May 15, 2023. While these analysts kept the previous recommendation, JMP Securities raised their target price to Mkt Outperform. The new note on the price target was released on April 18, 2023, representing the official price target for LXP Industrial Trust stock. Previously, the target price had yet another raise to $14, while BofA Securities analysts kept a Underperform rating on LXP stock.
The Average True Range (ATR) for LXP Industrial Trust is set at 0.23, with the Price to Sales ratio for LXP stock in the period of the last 12 months amounting to 7.87. The Price to Book ratio for the last quarter was 1.20, with the Price to Cash per share for the same quarter was set at 1.12. Price to Free Cash Flow for LXP in the course of the last twelve months was 13.29.
LXP stock trade performance evaluation
LXP Industrial Trust [LXP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.41. With this latest performance, LXP shares dropped by -0.22% in over the last four-week period, additionally plugging by 4.72% over the last 6 months – not to mention a drop of -5.86% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LXP stock in for the last two-week period is set at 54.37, with the RSI for the last a single of trading hit 55.96, and the three-weeks RSI is set at 52.96 for LXP Industrial Trust [LXP]. The present Moving Average for the last 50 days of trading for this stock 8.90, while it was recorded at 9.08 for the last single week of trading, and 9.21 for the last 200 days.
Earnings per share (EPS) analysis for LXP Industrial Trust [LXP] stock
With the latest financial reports released by the company, LXP Industrial Trust posted 0.03/share EPS, while the average EPS was predicted by analysts to be reported at 0/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for LXP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for LXP Industrial Trust go to 5.00%.
LXP Industrial Trust [LXP]: Institutional Ownership
The top three institutional holders of LXP stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in LXP stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in LXP stock with ownership which is approximately 5.8386%.
