LXP Stock Summary and Trading Ideas (LXP Industrial Trust Common (Maryland Reit) | NYSE:LXP)

LXP Industrial Trust is a real estate investment trust principally involved in the ownership of equity and debt investments in single-tenant properties and land throughout the United States. Majority of the revenue is earned through rental revenue.

LXP Industrial Trust Common (Maryland Reit) trades on the NYSE stock market under the symbol LXP.

As of April 24, 2024, LXP stock price declined to $8.54 with 3,028,407 million shares trading.

LXP has a beta of 1.32, meaning it tends to be more sensitive to market movements. LXP has a correlation of 0.40 to the broad based SPY ETF.

LXP has a market cap of $2.51 billion. This is considered a Mid Cap stock.

In the last 3 years, LXP stock traded as high as $16.11 and as low as $7.75.

The top ETF exchange traded funds that LXP belongs to (by Net Assets): IJR, VNQ, VTI, VB, IWM.

LXP has underperformed the market in the last year with a price return of -3.7% while the SPY ETF gained +24.2%. LXP has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -8.1% and -8.4%, respectively, while the SPY returned +4.6% and -2.7%, respectively.

LXP support price is $8.62 and resistance is $8.93 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LXP stock will trade within this expected range on the day.