Overall market sentiment has been down on LXP Industrial Trust (LXP) stock lately. LXP receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
LXP Industrial Trust has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on LXP!
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With LXP Stock Today?
LXP Industrial Trust (LXP) stock is higher by 1.65% while the S&P 500 has fallen -0.89% as of 2:03 PM on Friday, Jan 21. LXP is up $0.23 from the previous closing price of $13.93 on volume of 2,116,246 shares. Over the past year the S&P 500 has gained 15.35% while LXP is up 36.02%. LXP earned $0.78 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 18.08.
More About LXP Industrial Trust
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. Lexington primarily owns office and industrial properties. In terms of total square footage, the vast majority of the company's real estate portfolio comprises industrial and office space. Lexington derives almost all of its revenue from rental income. The vast majority of its revenue comes from its Industrial property holdings.
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