With 1.69 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.34 million shares. 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 $10.10. With its current market cap of 2.52 billion, LXP has annualized dividend of $0.40 while the current yield stands at 4.64%. Beta for the stock currently stands at 0.81.
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 down-trending over the past week, with a drop of -2.17%, but this was down by -10.26% over a month. The stock lost -16.76% in the past year, while it has lost -13.61% 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 Mr. T. Wilson Eglin as the firm’s Chairman, President & CEO, Ms. Beth Boulerice serves as its Executive VP, CFO & Treasurer.
Institutional Ownership:
Through their ownership of 95.97% 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. With LXP analysts setting a high price target of $11.50 and a low target of $7.00, the average target price over the next 12 months is $9.90. Based on these targets, LXP could surge 34.19% to reach the target high and fall by -18.32% to reach the target low. Reaching the average price target will result in a growth of 15.52% from current levels.
Summary of Insider Activity:
Insiders traded LXP stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 22 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 65,346 while 0 shares were sold.
