Lexington Realty Trust (NYSE:LXP) has been assigned an average rating of “Hold” from the eight analysts that are covering the company. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $10.00.

A number of analysts recently weighed in on the stock. Barclays PLC reaffirmed a “hold” rating and set a $10.00 price target on shares of Lexington Realty Trust in a research report on Tuesday, August 16th. Jefferies Group reaffirmed a “neutral” rating on shares of Lexington Realty Trust in a research report on Wednesday, August 10th. KeyCorp reaffirmed a “hold” rating on shares of Lexington Realty Trust in a research report on Tuesday, October 11th. Finally, Zacks Investment Research raised shares of Lexington Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, August 11th.

A number of institutional investors have recently bought and sold shares of the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Lexington Realty Trust by 0.3% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 34,998 shares of the real estate investment trust’s stock valued at $360,000 after buying an additional 121 shares during the last quarter. Quantbot Technologies LP boosted its position in shares of Lexington Realty Trust by 0.7% in the second quarter. Quantbot Technologies LP now owns 20,026 shares of the real estate investment trust’s stock valued at $202,000 after buying an additional 132 shares during the last quarter. First Allied Advisory Services Inc. boosted its position in shares of Lexington Realty Trust by 2.1% in the second quarter. First Allied Advisory Services Inc. now owns 21,650 shares of the real estate investment trust’s stock valued at $214,000 after buying an additional 449 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Lexington Realty Trust by 0.5% in the third quarter. Louisiana State Employees Retirement System now owns 94,200 shares of the real estate investment trust’s stock valued at $970,000 after buying an additional 500 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in shares of Lexington Realty Trust by 0.5% in the third quarter. Arizona State Retirement System now owns 110,351 shares of the real estate investment trust’s stock valued at $1,137,000 after buying an additional 500 shares during the last quarter. 71.32% of the stock is owned by institutional investors.

Shares of Lexington Realty Trust (NYSE:LXP) opened at 10.36 on Monday. The stock’s 50 day moving average price is $9.93 and its 200-day moving average price is $10.11. The firm has a market cap of $2.46 billion, a PE ratio of 24.49 and a beta of 1.03. Lexington Realty Trust has a 52-week low of $6.52 and a 52-week high of $11.02.

Lexington Realty Trust (NYSE:LXP) last announced its quarterly earnings results on Thursday, November 3rd. The real estate investment trust reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. Lexington Realty Trust had a net margin of 24.89% and a return on equity of 7.95%. The firm earned $106.30 million during the quarter, compared to analysts’ expectations of $101.21 million. During the same period in the prior year, the company earned $0.27 EPS. The firm’s revenue was up .8% on a year-over-year basis. On average, equities research analysts anticipate that Lexington Realty Trust will post $1.11 earnings per share for the current fiscal year.

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About Lexington Realty Trust

Lexington Realty Trust is a self-managed and self-administered real estate investment trust (REIT). The Company owns a portfolio of equity and debt investments in single-tenant properties and land. The Company’s segment is single-tenant real estate assets. The Company also provides investment advisory and asset management services to investors in the single-tenant area.

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