With 2.27 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.31 million shares. During the session, the REIT – Industrial company that operates in wider Real Estate sector, reached to the highest price of $8.98 whereas the lowest price it dropped to was $8.83. The 52-week range on LXP shows that it touched its highest point at $10.71 and its lowest point at $7.75 during that stretch. It currently has a 1-year price target of $9.90. With its current market cap of 2.64 billion, LXP has annualized dividend of $0.40 while the current yield stands at 4.43%. Beta for the stock currently stands at 0.81.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LXP was up-trending over the past week, with a rise of 3.58%, but this was down by -0.22% over a month. Three-month performance dropped to -0.99% while six-month performance fell -5.41%. The stock lost -10.81% in the past year, while it has lost -9.58% so far this year. A look at the trailing 12-month EPS for LXP yields 0.08 with Next year EPS estimates of 0.03. For the next quarter, that number is -0.01. This implies an EPS growth rate of -157.83% for this year and 162.55% 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 -38.47%.
Float and Shares Shorts:
At present, 293.45 million LXP shares are outstanding with a float of 286.80 million shares on hand for trading. On Feb 15, 2024, short shares totaled 6.47 million, which was 2.20% higher than short shares on Jan 12, 2024. In addition to AXP as the firm’s American Express Company, EXP serves as its Eagle Materials Inc.
Institutional Ownership:
Through their ownership of 95.96% of LXP’s outstanding shares, institutional investors have majority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LXP since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
