The stock of LXP Industrial Trust (NYSE:LXP) last traded at $10.14, up 1.91% from the previous session.
LXP stock price is now 14.00% away from the 50-day moving average and 14.09% away from the 200-day moving average. The market capitalization of the company currently stands at $2.98B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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 $0.66 million. A total of 2.55% of the company’s stock is owned by insiders.
During the past 12 months, LXP Industrial Trust has had a low of $7.75 and a high of $10.71. According to the stock market information, the enterprise value for the company is $4728134656, which is based on a 239.15 price-to-earnings ratio, a 47.83 price-to-earnings-growth ratio, and a beta of 0.88. The fifty day moving average price for LXP is $8.9258 and a two-hundred day moving average price translates $8.8937 for the stock.
The latest earnings results from LXP Industrial Trust (NYSE: LXP) was released for 2024-03-31. The net profit margin was 3.63% and return on equity was 0.83% for LXP. The company reported revenue of $86.25 million for the quarter, compared to $85.08 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.38 percent.
