Last ten days ...especially yesterday and today ...with the general market in the red everywhere...this stock held up. Most likely because very few other REITs now yield this much. And most are not NNN REITs so I think you have/are seeing the bottom here supported by the dividend yield. The first move up is usually the biggest percentage again. I would at least put part of my cash to work here and plan to buy more if it breaks $20 but most likely it will run up pass $22.50 fairly fast.
I own a lot of REITs and I also own CLP. You are mistaken if you think CLP and LXP are the same. CLP is a much older firm with extensive client base. It is a builder plus a REIT. It has apt., office buildings, Malls and strip centers and inds. warehouse. Much wider portfolio of real estate than LXP. Do not get me wrong here. I own and like LXP but CLP is the better co. due to its size and long experience and better balance sheet. I own both. The market is telling you something about LXP with its low price and high yield.
Well after two weeks all I can say is that the stock did not drop below $20. But it has basicly gone sideways. After the Fed is finished with rate hikes this might go up. I still have good hopes for this co. ***PinewoodsBear***