LXP Industrial Trust (NYSE: LXP) – Time For Strategy Change?

LXP Industrial Trust (NYSE:LXP) currently has a daily average trading volume of 2.23M but it saw 1921819 shares traded in last market. With a market cap of 2.99B USD, the company’s current market price of $10.15 remained unchanged while comparing to the previous closing price of $10.15. In past 52 weeks, the stock remained buoying in the range of price level as high as $10.56 and as low as $7.75. In the recent trading on the day, stock has struck highest price mark of $10.105 while lowest mark touched by it was $10.2.

Taking a look at 20-day trading activity of LXP Industrial Trust (LXP) gives us an average price of $10.18, while its current price level is -3.93% below from 52-week high level whereas it is 30.97% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $10.08 while that of 200 days or SMA-200 reads an average of $9.30. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.21% during that period while stretching the period over a month that increases to 1.71%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 51.80 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Exane BNP Paribas which initiated the stock as “Outperform” in its note to investors issued on June 04, 2024, recommending a price target of $11 for it. KeyBanc Capital Markets upgraded its recommendation for the stock as a “Overweight” from “Sector Weight” on May 15, 2023 while assigning a price target of $12.

Over the week, LXP’s stock price is moving -1.46% down while it is -1.65% when we observe its performance for the past one month. Year-to-date it is 2.32% up and over the past year, the stock is showing an upside performance of 11.85%.

Currently, LXP Industrial Trust’s total number of outstanding shares is 293.45M. Company’s return on investment (ROI) stands at 0.69% and return on equity (ROE) at 1.46%. It has a price to earnings ratio (P/E ratio) of 114.17. Stock’s beta reads 0.89. Stock has a price to book (P/B) ratio of 1.40 while price to sale or P/S ratio amounts to 8.78. Its return on asset (ROA) is 0.82% on average.