Lexington Realty Trust (NYSE:LXP) Receives Average Rating of “Hold” from Analysts

Lexington Realty Trust (NYSE:LXP) has been assigned a consensus recommendation of “Hold” from the seven ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $10.50.

A number of equities research analysts recently commented on the stock. Stifel Nicolaus upgraded shares of Lexington Realty Trust from a “hold” rating to a “buy” rating and raised their price objective for the company from $9.50 to $11.00 in a research report on Wednesday, August 7th. Evercore ISI set a $10.00 price objective on shares of Lexington Realty Trust and gave the company a “buy” rating in a research report on Wednesday, August 7th. Wells Fargo & Co downgraded shares of Lexington Realty Trust from an “outperform” rating to a “market perform” rating and set a $10.50 price objective for the company. in a research report on Monday, August 26th. Finally, Zacks Investment Research downgraded shares of Lexington Realty Trust from a “buy” rating to a “sell” rating in a research report on Wednesday, October 9th.

Institutional investors have recently modified their holdings of the business. Zebra Capital Management LLC purchased a new position in Lexington Realty Trust in the second quarter valued at about $545,000. LSV Asset Management increased its holdings in Lexington Realty Trust by 1.0% in the second quarter. LSV Asset Management now owns 11,574,463 shares of the real estate investment trust’s stock valued at $108,915,000 after buying an additional 114,954 shares in the last quarter. Versant Capital Management Inc increased its holdings in Lexington Realty Trust by 105.0% in the third quarter. Versant Capital Management Inc now owns 3,181 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 1,629 shares in the last quarter. NN Investment Partners Holdings N.V. purchased a new position in Lexington Realty Trust in the second quarter valued at about $23,741,000. Finally, Pensionfund Sabic purchased a new position in Lexington Realty Trust in the second quarter valued at about $527,000. 87.78% of the stock is owned by institutional investors.

NYSE:LXP traded up $0.07 during mid-day trading on Friday, reaching $10.65. The stock had a trading volume of 904,134 shares, compared to its average volume of 1,813,311. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.13 and a current ratio of 0.13. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 12.30, a PEG ratio of -20.56 and a beta of 0.85. Lexington Realty Trust has a twelve month low of $7.66 and a twelve month high of $10.68. The business has a 50 day simple moving average of $10.29 and a 200 day simple moving average of $9.69.

Lexington Realty Trust (NYSE:LXP) last announced its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.20 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.20. The firm had revenue of $80.10 million during the quarter, compared to the consensus estimate of $79.61 million. Lexington Realty Trust had a net margin of 84.56% and a return on equity of 23.21%. The firm’s revenue was down 24.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.25 earnings per share. As a group, sell-side analysts expect that Lexington Realty Trust will post 0.79 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.102 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.41 dividend on an annualized basis and a yield of 3.83%. Lexington Realty Trust’s dividend payout ratio (DPR) is presently 42.71%.

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

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