Lexington Realty Trust (LXP) Receives Consensus Rating of “Buy” from Analysts

Shares of Lexington Realty Trust (NYSE:LXP) have earned a consensus recommendation of “Buy” from the six brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $9.50.

Several equities research analysts have commented on LXP shares. TheStreet raised Lexington Realty Trust from a “c+” rating to a “b-” rating in a report on Tuesday, February 5th. Zacks Investment Research raised shares of Lexington Realty Trust from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Wednesday, May 1st.

Institutional investors and hedge funds have recently modified their holdings of the company. Bremer Trust National Association acquired a new position in shares of Lexington Realty Trust during the 4th quarter valued at $34,000. Bremer Bank National Association bought a new position in Lexington Realty Trust in the 1st quarter worth about $37,000. Oregon Public Employees Retirement Fund bought a new position in Lexington Realty Trust in the 4th quarter worth about $80,000. Quadrant Capital Group LLC grew its position in Lexington Realty Trust by 842.1% in the 1st quarter. Quadrant Capital Group LLC now owns 10,325 shares of the real estate investment trust’s stock worth $91,000 after purchasing an additional 9,229 shares during the last quarter. Finally, NumerixS Investment Technologies Inc bought a new position in Lexington Realty Trust in the 4th quarter worth about $95,000. 82.64% of the stock is owned by institutional investors and hedge funds.

Lexington Realty Trust stock traded up $0.04 during mid-day trading on Thursday, hitting $9.11. The company had a trading volume of 99,356 shares, compared to its average volume of 1,326,957. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.37. Lexington Realty Trust has a 12 month low of $7.66 and a 12 month high of $9.70. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 9.45, a price-to-earnings-growth ratio of 12.99 and a beta of 0.99.

Lexington Realty Trust (NYSE:LXP) last released its earnings results on Wednesday, May 8th. The real estate investment trust reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.10). Lexington Realty Trust had a return on equity of 21.72% and a net margin of 72.14%. The company had revenue of $81.25 million during the quarter, compared to the consensus estimate of $80.70 million. During the same period last year, the firm posted $0.25 earnings per share. The company’s revenue was down 21.0% compared to the same quarter last year. On average, equities research analysts predict that Lexington Realty Trust will post 0.78 EPS for the current year.

Lexington Realty Trust Company Profile

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 industrial portfolio through build-to-suit transactions, sale-leaseback transactions and other transactions, including acquisitions.

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