Ladenburg Thalmann Financial Services reissued their hold rating on shares of Lexington Realty Trust (NYSE:LXP) in a research report sent to investors on Tuesday.

A number of other equities analysts have also recently commented on the company. Zacks Investment Research cut Lexington Realty Trust from a buy rating to a hold rating in a report on Friday, November 10th. Jefferies Group restated a hold rating and set a $11.00 target price on shares of Lexington Realty Trust in a report on Tuesday, October 24th. DA Davidson began coverage on Lexington Realty Trust in a report on Monday, September 25th. They set a neutral rating and a $10.75 target price for the company. KeyCorp restated a hold rating on shares of Lexington Realty Trust in a report on Sunday, September 24th. Finally, BidaskClub cut Lexington Realty Trust from a hold rating to a sell rating in a report on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $10.79.

Lexington Realty Trust (NYSE:LXP) opened at $10.48 on Tuesday. Lexington Realty Trust has a twelve month low of $9.00 and a twelve month high of $11.42. The company has a market capitalization of $2,520.00, a PE ratio of 11.01, a P/E/G ratio of 2.73 and a beta of 0.95. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.73.

Lexington Realty Trust (NYSE:LXP) last announced its earnings results on Tuesday, November 7th. The real estate investment trust reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Lexington Realty Trust had a return on equity of 5.29% and a net margin of 17.96%. The company had revenue of $97.70 million during the quarter, compared to analysts’ expectations of $97.71 million. During the same period last year, the business posted $0.28 EPS. Lexington Realty Trust’s revenue for the quarter was down 8.1% on a year-over-year basis. equities analysts anticipate that Lexington Realty Trust will post 0.96 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be given a $0.1775 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.71 dividend on an annualized basis and a yield of 6.77%. This is a positive change from Lexington Realty Trust’s previous quarterly dividend of $0.18. Lexington Realty Trust’s dividend payout ratio (DPR) is currently 241.38%.

A number of hedge funds have recently bought and sold shares of the business. Tocqueville Asset Management L.P. raised its position in Lexington Realty Trust by 0.7% in 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 in the last quarter. World Asset Management Inc raised its position in Lexington Realty Trust by 1.0% in 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 in the last quarter. Public Employees Retirement System of Ohio raised its position in Lexington Realty Trust by 3.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 36,202 shares of the real estate investment trust’s stock valued at $359,000 after purchasing an additional 1,069 shares in the last quarter. Texas Permanent School Fund raised its position in Lexington Realty Trust by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 157,943 shares of the real estate investment trust’s stock valued at $1,565,000 after purchasing an additional 1,320 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Lexington Realty Trust by 10.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,984 shares of the real estate investment trust’s stock valued at $148,000 after purchasing an additional 1,460 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Lexington Realty Trust (NYSE:LXP)

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