In yesterday’s Wall Street session, LXP Industrial Trust (NYSE:LXP) shares traded at $10.07, down -2.23% from the previous session.
As of this writing, 6 analysts cover LXP Industrial Trust (NYSE:LXP). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $12.00 and a low of $10.00, we find $11.00. Given the previous closing price of $10.30, this indicates a potential upside of 6.8 percent. LXP stock price is now -0.95% away from the 50-day moving average and -1.53% away from the 200-day moving average. The market capitalization of the company currently stands at $2.99B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
There are 3 analysts who have given it a hold rating, whereas 2 have given it a buy rating. Brokers who have rated the stock have averaged $11.20 as their price target over the next twelve months.
With the price target maintained at $12, KeyBanc Capital Markets recently Upgraded its rating from Sector Weight to Overweight for LXP Industrial Trust (NYSE: LXP).
Insiders disposed of 326,670 shares of company stock worth roughly $3.29 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in LXP stock. A new stake in LXP Industrial Trust shares was purchased by LIGHTHOUSE INVESTMENT PARTNERS, LLC during the first quarter worth $4,280,000. BARTLETT & CO. LLC invested $978,000 in shares of LXP during the first quarter. In the first quarter, ORION PORTFOLIO SOLUTIONS, LLC acquired a new stake in LXP Industrial Trust valued at approximately $880,000. ALLIANZ ASSET MANAGEMENT GMBH acquired a new stake in LXP for approximately $852,000. EXODUSPOINT CAPITAL MANAGEMENT, LP purchased a new stake in LXP valued at around $637,000 in the second quarter.
Monday morning saw LXP Industrial Trust (NYSE: LXP) opened at $10.30. During the past 12 months, LXP Industrial Trust has had a low of $8.79 and a high of $11.92. According to the stock market information, the enterprise value for the company is $4.45B, which is based on a 26.22 price-to-earnings ratio, a 5.24 price-to-earnings-growth ratio, and a beta of 0.81. The fifty day moving average price for LXP is $10.17 and a two-hundred day moving average price translates $10.23 for the stock.
The latest earnings results from LXP Industrial Trust (NYSE: LXP) was released for Mar, 2023. According to the REIT – Industrial Company, earnings per share came in at $0.03, beating analysts’ expectations of $0 by 0.03. This compares to $0.03 EPS in the same period last year. The net profit margin was 33.10% and return on equity was 5.00% for LXP. The company reported revenue of $85.08 million for the quarter, compared to $80.28 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.98 percent. For the current quarter, analysts expect LXP to generate $83.66M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/17/2023. Investors who held shares on 06/30/2023 were paid a $0.125 dividend. On an annualized basis, this represents a $0.50 dividend and a 4.97% percent yield. There was an ex-dividend date of 06/29/2023 for this dividend. In terms of dividend payout ratio, LXP is presently at 125.90%.
