Lexington Realty Trust (LXP) Upgraded to B- at TheStreet

TheStreet upgraded shares of Lexington Realty Trust (NYSE:LXP) from a c+ rating to a b- rating in a research report sent to investors on Tuesday morning.

Several other analysts have also issued reports on the stock. Jefferies Financial Group upgraded shares of Lexington Realty Trust from a hold rating to a buy rating in a research report on Friday, October 12th. ValuEngine upgraded shares of Lexington Realty Trust from a strong sell rating to a sell rating in a research report on Monday, October 8th. DA Davidson upgraded shares of Lexington Realty Trust from a neutral rating to a buy rating in a research report on Tuesday, January 22nd. Finally, Zacks Investment Research upgraded shares of Lexington Realty Trust from a sell rating to a hold rating in a research report on Tuesday, November 27th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $8.67.

NYSE LXP traded up $0.14 during midday trading on Tuesday, hitting $9.49. The company had a trading volume of 42,504 shares, compared to its average volume of 1,541,690. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.40 and a quick ratio of 0.40. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 9.80, a P/E/G ratio of 4.95 and a beta of 1.04. Lexington Realty Trust has a fifty-two week low of $7.59 and a fifty-two week high of $9.69.

Lexington Realty Trust (NYSE:LXP) last posted its quarterly earnings results on Tuesday, November 6th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.16). The company had revenue of $99.96 million during the quarter, compared to analyst estimates of $96.87 million. Lexington Realty Trust had a return on equity of 19.03% and a net margin of 56.75%. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.25 earnings per share. As a group, sell-side analysts expect that Lexington Realty Trust will post 0.94 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 15th. Investors of record on Monday, December 31st were issued a dividend of $0.1775 per share. This represents a $0.71 dividend on an annualized basis and a yield of 7.48%. The ex-dividend date was Friday, December 28th. Lexington Realty Trust’s dividend payout ratio is currently 73.20%.

Several institutional investors have recently added to or reduced their stakes in LXP. Manning & Napier Group LLC acquired a new position in shares of Lexington Realty Trust in the third quarter valued at approximately $2,919,000. Gradient Investments LLC boosted its holdings in shares of Lexington Realty Trust by 4.6% in the third quarter. Gradient Investments LLC now owns 1,135,698 shares of the real estate investment trust’s stock valued at $9,426,000 after buying an additional 50,432 shares during the period. Foundry Partners LLC boosted its holdings in shares of Lexington Realty Trust by 2.3% in the third quarter. Foundry Partners LLC now owns 1,303,979 shares of the real estate investment trust’s stock valued at $10,823,000 after buying an additional 29,068 shares during the period. Peregrine Capital Management LLC acquired a new position in Lexington Realty Trust during the third quarter worth $5,296,000. Finally, Community Bank of Raymore boosted its holdings in Lexington Realty Trust by 1.1% during the third quarter. Community Bank of Raymore now owns 708,300 shares of the real estate investment trust’s stock worth $5,879,000 after purchasing an additional 8,000 shares during the last quarter. Institutional investors own 74.77% of the company’s stock.

About Lexington Realty Trust

Lexington Realty Trust (NYSE:LXP) is a publicly traded real estate investment trust (REIT) that owns a diversified portfolio of real estate assets consisting primarily of equity investments in single-tenant net-leased commercial properties across the United States. Lexington seeks to expand its portfolio through build-to-suit transactions, sale-leaseback transactions and other transactions, including acquisitions.

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Analyst Recommendations for Lexington Realty Trust (NYSE:LXP)

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