Is LXP Industrial Trust (LXP) Stock About to Get Hot Friday?

LXP Industrial Trust (LXP) stock is up 2.29% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

LXP Industrial Trust has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on LXP!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With LXP Stock Today?

LXP Industrial Trust (LXP) stock has risen 0.12% while the S&P 500 is lower by -0.01% as of 12:40 PM on Friday, Nov 24. LXP is up $0.01 from the previous closing price of $8.48 on volume of 336,235 shares. Over the past year the S&P 500 is up 13.13% while LXP is lower by -17.97%. LXP earned $0.17 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 49.74. To see InvestorsObserver's Sentiment Score for LXP Industrial Trust click here.

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. Click Here to get the full Stock Report for LXP Industrial Trust stock.