Investing in LXP Industrial Trust (LXP): What You Must Know


LXP Industrial Trust’s recent filing unveils that its Director FRARY RICHARD acquired Company’s shares for reported $0.1 million on Jun 13. In the deal valued at $10.50 per share,10,000 shares were bought. As a result of this transaction, FRARY RICHARD now holds 143,606 shares worth roughly $ 1.45 million.

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Then, Handwerker Jamie bought 5,000 shares, generating $52,750 in total proceeds. Upon buying the shares at $10.55, the Director now owns 73,971 shares.

Before that, Gupta Arun bought 9,600 shares. LXP Industrial Trust shares valued at $99,921 were divested by the Director at a price of $10.41 per share. As a result of the transaction, Gupta Arun now holds 26,465 shares, worth roughly $0.27 million.

PT values the company’s stock at a premium of 27.79 to its Friday closing price. KeyBanc Capital Markets also remained covering LXP and has decreased its forecast on April 11, 2022 with a “Sector weight” recommendation from previously “an Overweight” rating. Evercore ISI revised its rating on November 18, 2021. It rated LXP as “an In-line” which previously was an “an Outperform”.

Price Performance Review of LXP

On Friday, LXP Industrial Trust [NYSE:LXP] saw its stock fall -0.49% to $10.11. On the same session, the stock had its day’s lowest price of $9.95, but rose to a high of $10.295. Over the last five days, the stock has gained 3.48%. LXP Industrial Trust shares have fallen nearly -35.28% since the year began. Nevertheless, the stocks have fallen -29.94% over the past one year. While a 52-week high of $16.10 was reached on 03/29/22, a 52-week low of $8.81 was recorded on 10/13/22. SMA at 50 days reached $9.63, while 200 days put it at $11.97. A total of 1.62 million shares were traded, compared to the trading of 1.79 million shares in the previous session.

Levels Of Support And Resistance For LXP Stock

The 24-hour chart illustrates a support level at 9.94, which if violated will result in even more drops to 9.77. On the upside, there is a resistance level at 10.29. A further resistance level may holdings at 10.46. The Relative Strength Index (RSI) on the 14-day chart is 61.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 13.75%. Stochastics %K at 83.95% indicates the stock is a selling.

How much short interest is there in LXP Industrial Trust?

A steep rise in short interest was recorded in LXP Industrial Trust stocks on Jul 14, 2022, growing by 0.65 million shares to a total of 22.4 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 21.75 million shares. There was a rise of 2.9%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 16.14% of the overall stock float, the days-to-cover ratio (short ratio) rose to 10.07.

LXP Industrial Trust [LXP] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 46,517,220 shares, or roughly 16.62% of the outstanding LXP shares. In other words, the investor’s shares have risen by 610,820 from its previous 13-F filing of 45906400.0. Additionally, The Vanguard Group, Inc. decreased -0.25% of its stake after which the total value it holdings stand at $414,519,852, while Fidelity Management & Research Co reduced -2.76% of its stake to hold $205.54 million in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 278,439 shares of LXP Industrial Trust, while FIAM LLC bought 1,999,993 shares. At present, Macquarie Investment Management B is holding 11,209,433 shares valued at $102.68 million. Long Pond Capital LP owned 9,071,090 shares of the company at the time of its most recent 13F filing, worth $83.09 million.

According to FactSet, LXP Industrial Trust’s share price will average $12.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 18.11 percent from its previous closing price of $10.16. Analysts expect LXP Industrial Trust stock to reach the higher price of $12.00, while the lowest price estimate is $12.00. However, 5 analysts have rated LXP stock as a Hold in their predictions for 2022.


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