LXP Industrial Trust (NYSE: LXP) is 3.82% higher on its value in year-to-date trading and has touched a low of $7.65 and a high of $10.56 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LXP stock was last observed hovering at around $8.35 in the last trading session, with the day’s gains setting it 0.08%.
Currently trading at $8.43, the stock is 3.53% and -3.73% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.93 million and changing 0.96% at the moment leaves the stock -9.00% off its SMA200. LXP registered -10.98% loss for a year compared to 6-month loss of -18.86%. The firm has a 50-day simple moving average (SMA 50) of $8.78 and a 200-day simple moving average (SMA200) of $9.2657.
The stock witnessed a 2.55% gain in the last 1 month and extending the period to 3 months gives it a -11.73%, and is 5.24% up 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 2.50% over the week and 2.42% over the month.
LXP Industrial Trust (LXP) has around 64 employees, a market worth around $2.48B and $340.56M in sales. Current P/E ratio is 125.82. Profit margin for the company is 5.73%. Distance from 52-week low is 10.20% and -20.21% from its 52-week high. The company has generated returns on investments over the last 12 months (0.53%).
with sales reaching $83.36M over the same period.The EPS is expected to shrink by -93.75% this year, but quarterly earnings will post -0.07% year-over-year. Quarterly sales are estimated to grow 0.49% in year-over-year returns.
429.0 institutions hold shares in LXP Industrial Trust (LXP), with institutional investors hold 98.95% of the company’s shares. The shares outstanding are 294.49M, and float is at 286.84M with Short Float at 1.57%. Institutions hold 96.44% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 53.82 million shares valued at $490.85 million. The investor’s holdings represent 18.4769 of the LXP Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 45.57 million shares valued at $415.61 million to account for 15.6445 of the shares outstanding. The other top investors are STATE STREET CORP which holds 17.16 million shares representing 5.8926 and valued at over $158.73 million, while FMR LLC holds 5.1723 of the shares totaling 15.07 million with a market value of $137.4 million.
LXP Industrial Trust (LXP) Insider Activity
The most recent transaction is an insider purchase by Gupta Arun, the company’s Director. SEC filings show that Gupta Arun bought 15,000 shares of the company’s common stock on Jun 12 ’24 at a price of $8.95 per share for a total of $0.13 million. Following the purchase, the insider now owns 65474.0 shares.
