Lexington Realty Trust (LXP) Given Average Rating of “Hold” by Analysts
Lexington Realty Trust (NYSE:LXP) has received a consensus rating of “Hold” from the nine research firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $10.55.
A number of analysts have recently weighed in on LXP shares. Stifel Nicolaus reaffirmed a “hold” rating and issued a $10.00 target price on shares of Lexington Realty Trust in a research report on Thursday, July 6th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $11.00 target price on shares of Lexington Realty Trust in a research report on Friday, June 23rd. BidaskClub downgraded shares of Lexington Realty Trust from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. KeyCorp reaffirmed a “hold” rating on shares of Lexington Realty Trust in a research report on Sunday, September 24th. Finally, Zacks Investment Research raised shares of Lexington Realty Trust from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Thursday, August 3rd.
Shares of Lexington Realty Trust (LXP) traded down 0.76% on Wednesday, hitting $10.43. 694,627 shares of the stock were exchanged. The company has a 50-day moving average price of $10.20 and a 200 day moving average price of $10.03. Lexington Realty Trust has a 12 month low of $9.00 and a 12 month high of $11.42. The company has a market cap of $2.51 billion, a PE ratio of 77.26 and a beta of 0.96.
Lexington Realty Trust (NYSE:LXP) last released its earnings results 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 business had revenue of $95.70 million during the quarter, compared to analysts’ expectations of $95.41 million. Lexington Realty Trust had a return on equity of 2.92% and a net margin of 9.80%. The firm’s quarterly revenue was down 12.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.29 earnings per share. Equities analysts forecast that Lexington Realty Trust will post $0.33 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 6.71%. The ex-dividend date of this dividend was Thursday, September 28th. Lexington Realty Trust’s dividend payout ratio (DPR) is 500.00%.
In related news, CEO T Wilson Eglin sold 24,170 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $9.81, for a total transaction of $237,107.70. Following the sale, 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 Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.10% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. GW&K Investment Management LLC purchased a new stake in Lexington Realty Trust during the 2nd quarter valued at about $118,000. Piedmont Investment Advisors LLC purchased a new stake in Lexington Realty Trust during the 1st quarter valued at about $129,000. Tocqueville Asset Management L.P. grew its position in Lexington Realty Trust by 0.7% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 13,600 shares of the real estate investment trust’s stock valued at $135,000 after purchasing an additional 100 shares during the last quarter. Riverhead Capital Management LLC grew its position in Lexington Realty Trust by 86.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 13,784 shares of the real estate investment trust’s stock valued at $137,000 after purchasing an additional 6,384 shares during the last quarter. Finally, World Asset Management Inc grew its position in Lexington Realty Trust by 1.0% during the 2nd quarter. World Asset Management Inc now owns 14,014 shares of the real estate investment trust’s stock valued at $139,000 after purchasing an additional 144 shares during the last quarter. 72.14% of the stock is currently owned by institutional investors.
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.
Receive News & Stock Ratings for Lexington Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lexington Realty Trust and related stocks with our FREE daily email newsletter.