Lexington Realty Trust (LXP) Given News Sentiment Score of 0.26
Media coverage about Lexington Realty Trust (NYSE:LXP) has been trending positive recently, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Lexington Realty Trust earned a media sentiment score of 0.26 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 46.8324719301759 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the headlines that may have impacted Accern’s rankings:
- Low Leverage And A Unique Mix Make This Triple Net REIT A Buy (seekingalpha.com)
- Dividend Yielding stock: Lexington Realty Trust (LXP) to observe with rate of 7.01% – Voice Of Analysts (analystsbuzz.com)
- Lexington Realty Trust Announces Quarterly Common Share Dividend (finance.yahoo.com)
- Lexington Realty Trust (LXP) Plans $0.18 Quarterly Dividend (americanbankingnews.com)
- LXP Convertible Series C Preferred Stock Is A Good Value (seekingalpha.com)
Shares of Lexington Realty Trust (NYSE:LXP) opened at 10.01 on Friday. Lexington Realty Trust has a 12-month low of $9.00 and a 12-month high of $11.42. The company has a market capitalization of $2.41 billion, a PE ratio of 74.15 and a beta of 0.96. The stock’s 50 day moving average price is $9.91 and its 200 day moving average price is $10.02.
Lexington Realty Trust (NYSE:LXP) last announced its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.01). The firm had revenue of $95.70 million for the quarter, compared to analysts’ expectations of $95.41 million. Lexington Realty Trust had a net margin of 9.80% and a return on equity of 2.92%. The business’s quarterly revenue was down 12.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.29 earnings per share. On average, equities research analysts forecast that Lexington Realty Trust will post $0.32 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be issued a dividend of $0.175 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 6.99%. Lexington Realty Trust’s dividend payout ratio is 500.00%.
Several research analysts have commented on LXP shares. Evercore ISI raised Lexington Realty Trust from an “in-line” rating to an “outperform” rating and set a $11.00 target price for the company in a research note on Thursday, May 25th. BidaskClub raised Lexington Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Jefferies Group LLC reissued a “hold” rating and set a $11.00 target price on shares of Lexington Realty Trust in a research note on Friday, June 23rd. Stifel Nicolaus reissued a “hold” rating and set a $10.00 target price on shares of Lexington Realty Trust in a research note on Thursday, July 6th. Finally, Zacks Investment Research raised Lexington Realty Trust from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $10.60.
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In related news, CEO T Wilson Eglin sold 24,170 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $9.81, for a total transaction of $237,107.70. Following the transaction, the chief executive officer now directly owns 2,223,251 shares of the company’s stock, valued at approximately $21,810,092.31. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.10% of the company’s stock.
Lexington Realty Trust Company Profile
Lexington Realty Trust is a real estate investment trust (REIT). The Company owns a portfolio of equity and debt investments in single-tenant commercial properties. As of December 31, 2016, the Company had equity ownership interests in approximately 195 consolidated real estate properties, located in 40 states and containing an aggregate of approximately 43.3 million square feet of space, approximately 96.0% of which was leased.
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