The price of LXP Industrial Trust (NYSE:LXP) shares last traded on Wall Street fell -0.80% to $8.68.
LXP stock price is now 6.53% away from the 50-day moving average and -2.54% away from the 200-day moving average. The market capitalization of the company currently stands at $2.57B.
With the price target of $11, Exane BNP Paribas recently initiated with Outperform rating for LXP Industrial Trust (NYSE: LXP). On May 15, 2023, KeyBanc Capital Markets Upgraded its previous ‘Sector Weight’ rating to ‘Overweight’ on the stock keeping its target price maintained at $12, while ‘JMP Securities’ rates the stock as ‘Mkt Outperform’
In other news, Gupta Arun, Director bought 15,000 shares of the company’s stock on Jun 12 ’24. The stock was bought for $134,250 at an average price of $8.95. Upon completion of the transaction, the Director now directly owns 65,474 shares in the company, valued at $0.57 million. A total of 2.60% of the company’s stock is owned by insiders.
During the past 12 months, LXP Industrial Trust has had a low of $6.85 and a high of $10.56. As of last week, the company has a debt-to-equity ratio of 0.74, a current ratio of 2.90, and a quick ratio of 2.90.
The net profit margin was 15.82% and return on equity was 2.98% for LXP. For the current quarter, analysts expect LXP to generate $87.25M in revenue.
