LXP Industrial Trust (NYSE:LXP) shares, rose in value, with the stock price up by 0.16% to the previous day’s close as strong demand from buyers drove the stock to $9.49.
Actively observing the price movement in the recent trading, the stock is buoying the session at $9.48, falling within a range of $9.465 and $9.52. The value of beta (5-year monthly) is 0.891 whereas the PE ratio is 106.81 over 12-month period. Referring to stock’s 52-week performance, its high was $10.56, and the low was $7.84. On the whole, LXP has fluctuated by -3.21% over the past month.
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With the market capitalization of LXP Industrial Trust currently standing at about $2.80 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-06. The company’s Forward Dividend Ratio is 0.52, with its dividend yield at 5.48%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 340.13M, with a low estimate of 80.87M and a high estimate of 85.8M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 84.22M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that LXP’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 82.16, with the price of LXP currently trading nearly -1.18% and -4.38% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.02, while the 7-day volatility ratio is showing 2.08% which for the 30-day chart, stands at 1.73%. Furthermore, LXP Industrial Trust (LXP)’s beta value is 0.89, and its average true range (ATR) is 0.18.
A comparison of LXP Industrial Trust (LXP) with its peers suggests the former has fared considerably weaker in the market. LXP showed an intraday change of 0.16% in today’s session so far, and over the past year, it grew by 20.04%%.
Data on historical trading for LXP Industrial Trust (NYSE:LXP) indicates that the trading volumes over the past 10 days have averaged 1.46 and over the past 3 months, they’ve averaged 1.88 million. According to company’s latest data on outstanding shares, there are 293.45 million shares outstanding.
Nearly 2.66% of LXP Industrial Trust’s shares belong to company insiders and institutional investors own 93.87% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.01 million shares as on 2024-10-15, resulting in a short ratio of 2.01. According to the data, the short interest in LXP Industrial Trust (LXP) stood at 218.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 4.09 million. The stock has fallen by -4.28% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LXP stock heading into the next quarter.
