Lexington Corp. Properties Trust stock trades under the ticker LXP & has shown recent bullishness that traders & investors should take a closer look at.
LXP stock closed at $14.41/share on 1/28/2022.
Lexington Corp. Properties Trust LXP Stock’s Technicals Broken Down
LXP Stock Price: $14.41
10 Day Moving Average: $14.11
50 Day Moving Average: $14.84
200 Day Moving Average: $13.38
LXP stock completed a bullish MACD crossover yesterday, while also breaking above its 10 Day Moving Average.
They have traded at above average volumes recently compared with the rest of the previous year & have a neutral RSI after their recent drop in January 2022.
Their next level of resistance is in the $14.58-14.71/share range.
Lexington Corp. Properties Trust LXP Stock As A Long-Term Investment
Investors will find LXP stock’s P/E(ttm) of 17.78 to be fair, as well as their P/B (mrq) of 2.03.
LXP’s Quarterly Revenue Growth Y-o-Y was down -1.3%, with -84.2% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will need a closer examination, as currently it says they have Total Cash (mrq) of $150.08M & Total Debt (mrq) of $1.57B.
LXP’s beta is 0.69, meaning that they tend to move less aggressively than the broader market indexes.
LXP’s dividend yield is 3.06%, which looks relatively safe & stable as their payout ratio is 54.5%.
98% of LXP stock’s total share float is owned by institutional investors.
Lexington Corp. Properties Trust LXP Stock As A Short-Term Trade Using Options
Traders can use options to take advantage of LXP stock’s current momentum, while also hedging against more market volatility in the near-term.
I am looking at the contracts with the 2/18 expiration dates.
The $12.50 & $15 calls look appealing, with the latter having much more open interest.
The $15 puts also caught my eye, but overall there is not a lot of liquidity in their puts, with no open interest at the $17 or $20 strike prices.
Tying It All Together
All-in-all, there look to be many interesting attributes to LXP stock.
Investors will like their dividend yield, as well as their valuation metrics, but may be concerned about their balance sheet.
Traders will like their current volatility & momentum, as it presents many opportunities for profits using options.
LXP stock is worth taking a closer look at, regardless of your trading style & strategy.
*** I DO NOT OWN SHARES OF LXP STOCK ***