LXP Industrial Trust (NYSE: LXP) is 11.21% 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 $8.96 in the last trading session, with the day’s gains setting it 0.07%.
Currently trading at $9.03, the stock is 5.81% and 8.06% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.83 million and changing 0.78% at the moment leaves the stock -2.22% off its SMA200. LXP registered 5.37% gain for a year compared to 6-month loss of -12.42%.
The stock witnessed a 6.99% gain in the last 1 month and extending the period to 3 months gives it a -3.22%, and is 4.51% 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 1.92% over the week and 2.10% over the month.
LXP Industrial Trust (LXP) has around 59 employees, a market worth around $2.67B and $358.46M in sales. Current P/E ratio is 69.46 and Fwd P/E is 203.33. Profit margin for the company is 10.58%. Distance from 52-week low is 18.04% and -14.53% from its 52-week high. The company has generated returns on investments over the last 12 months (1.03%).
with sales reaching $84.51M over the same period.The EPS is expected to shrink by -145.11% this year, but quarterly earnings will post -3.59% year-over-year. Quarterly sales are estimated to shrink -2.02% in year-over-year returns.
LXP Industrial Trust (LXP) Top Institutional Holders
The shares outstanding are 294.50M, and float is at 288.03M with Short Float at 1.52%.
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
A total of 0 insider transactions have happened at LXP Industrial Trust (LXP) in the last six months, with sales accounting for 0 and purchases happening 0 times. 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.
LXP Industrial Trust (LXP): Who are the competitors?
The company’s main competitors (and peers) include NNN REIT Inc. (NNN) that is trading 2.27% up over the past 12 months. Universal Health Realty Income Trust (UHT) that is 4.18% higher over the same period.
