Are Smart Investors Making the Right Decision? LXP Industrial Trust (LXP)

LXP Industrial Trust (NYSE: LXP) stock fell -0.91% on Friday to $9.75 against a previous-day closing price of $9.84. With 1.62 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.74 million shares. During the session, the REIT – Diversified company that operates in wider Real Estate sector, reached to the highest price of $9.82 whereas the lowest price it dropped to was $9.70. The 52-week range on LXP shows that it touched its highest point at $16.10 and its lowest point at $9.51 during that stretch. It currently has a 1-year price target of $12.62. With its current market cap of 2.70 billion, LXP has annualized dividend of $0.48 while the current yield stands at 4.92%. Beta for the stock currently stands at 0.76.

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Price Performance and Earnings:

Three-month performance dropped to -8.79% while six-month performance fell -36.81%. The stock lost -26.36% in the past year, while it has lost -37.58% so far this year. A look at the trailing 12-month EPS for LXP yields 1.02 with Next year EPS estimates of 0.03. For the next quarter, that number is 0.01. This implies an EPS growth rate of 98.40% for this year and -86.11% for next year. EPS is expected to grow by 5.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 28.40%.

Float and Shares Shorts:

At present, 283.57 million LXP shares are outstanding with a float of 274.10 million shares on hand for trading. On Jul 14, 2022, short shares totaled 22.4 million, which was 7.81% higher than short shares on Jun 14, 2022. In addition to Mr. T. Wilson Eglin as the firm’s Chairman, Pres & CEO, Ms. Beth Boulerice serves as its Exec. VP, CFO & Treasurer.

Institutional Ownership:

Through their ownership of 100.27% of LXP’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 65.43% of LXP, in contrast to 33.90% held by mutual funds. Shares owned by individuals account for 10.16%. As the largest shareholder in LXP with 16.62% of the stake, BlackRock Fund Advisors holds 46,517,220 shares worth 46,517,220. A second-largest stockholder of LXP, The Vanguard Group, Inc., holds 45,253,259 shares, controlling over 16.17% of the firm’s shares. Fidelity Management & Research Co is the third largest shareholder in LXP, holding 22,438,328 shares or 8.02% stake. With a 7.64% stake in LXP, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 21,379,694 shares are owned by the mutual fund manager. The Vanguard Real Estate Index Fund, which owns about 4.68% of LXP stock, is the second-largest Mutual Fund holder. It holds 13,102,576 shares valued at 131.81 million. Vanguard Total Stock Market Index holds 3.05% of the stake in LXP, owning 8,532,875 shares worth 85.84 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LXP since 4 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 1 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With LXP analysts setting a high price target of $14.00 and a low target of $12.00, the average target price over the next 12 months is $12.63. Based on these targets, LXP could surge 43.59% to reach the target high and rise by 23.08% to reach the target low. Reaching the average price target will result in a growth of 29.54% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. LXP will report FY 2022 earnings on 02/23/2023. Analysts have provided yearly estimates in a range of $0.18 being high and $0.18 being low. For LXP, this leads to a yearly average estimate of $0.18. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. LXP Industrial Trust surprised analysts by $0.13 when it reported $0.14 EPS against a consensus estimate of $0.01. The surprise factor in the prior quarter was $0.02. Based on analyst estimates, the high estimate for the next quarter is $0.01 and the low estimate is $0.01. The average estimate for the next quarter is thus $0.01.

Summary of Insider Activity:

Insiders traded LXP stock several times over the past three months with 8 Buys and 0 Sells. In these transactions, 22,208 shares were bought while 0 shares were sold. The number of buy transactions has increased to 60 while that of sell transactions has risen to 32 over the past year. The total number of shares bought during that period was 898,282 while 590,105 shares were sold.

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