LXP Industrial Trust (NYSE: LXP) is -40.52% lower on its value in year-to-date trading and has touched a low of $8.81 and a high of $16.10 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LXP stock was last observed hovering at around $8.81 in the last trading session, with the day’s gains setting it 0.48% off its average median price target of $12.00 for the next 12 months. It is also 33.64% off the consensus price target high of $14.00 offered by 4 analysts, but current levels are 22.58% higher than the price target low of $12.00 for the same period.
Currently trading at $9.29, the stock is -6.36% and -11.06% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.97 million and changing 5.45% at the moment leaves the stock -27.12% off its SMA200. LXP registered -28.26% loss for a year compared to 6-month loss of -42.08%.
The stock witnessed a -9.89% gain in the last 1 month and extending the period to 3 months gives it a -13.18%, and is -5.59% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.03% over the week and 2.66% over the month.
LXP Industrial Trust (LXP) has around 62 employees, a market worth around $2.64B and $330.00M in sales. Current P/E ratio is 9.12 and Fwd P/E is 371.60. Profit margin for the company is 95.20%. Distance from 52-week low is 5.45% and -42.32% from its 52-week high. The company has generated returns on investments over the last 12 months (1.70%).
LXP Industrial Trust (LXP) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for LXP Industrial Trust (LXP) is a “Hold”. 4 analysts offering their recommendations for the stock have an average rating of 2.80, where 2 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
LXP Industrial Trust is expected to release its quarterly report on 11/03/2022.The EPS is expected to grow by 98.40% this year
LXP Industrial Trust (LXP) Top Institutional Holders
The shares outstanding are 283.57M, and float is at 274.10M with Short Float at 8.47%.
LXP Industrial Trust (LXP) Insider Activity
A total of 36 insider transactions have happened at LXP Industrial Trust (LXP) in the last six months, with sales accounting for 2 and purchases happening 34 times. The most recent transaction is an insider purchase by Handwerker Jamie, the company’s Director. SEC filings show that Handwerker Jamie bought 5,000 shares of the company’s common stock on Jun 13 at a price of $10.55 per share for a total of $52750.0. Following the purchase, the insider now owns 73971.0 shares.
LXP Industrial Trust disclosed in a document filed with the SEC on Jun 13 that Gupta Arun (Director) bought a total of 9,600 shares of the company’s common stock. The trade occurred on Jun 13 and was made at $10.41 per share for $99921.0. Following the transaction, the insider now directly holds 26465.0 shares of the LXP stock.
Still, SEC filings show that on Jun 13, FRARY RICHARD (Director) acquired 10,000 shares at an average price of $10.50 for $0.1 million. The insider now directly holds 143,606 shares of LXP Industrial Trust (LXP).
LXP Industrial Trust (LXP): Who are the competitors?
The company’s main competitors (and peers) include National Retail Properties Inc. (NNN) that is trading -5.60% down over the past 12 months and Universal Health Realty Income Trust (UHT) that is -24.14% lower over the same period. Acadia Realty Trust (AKR) is -35.80% down on the 1-year trading charts.