Shares of Lexington Realty Trust (NYSE:LXP) have been given a consensus rating of “Hold” by the nine analysts that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $10.55.
A number of analysts have recently commented on LXP shares. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Lexington Realty Trust in a research report on Thursday, August 17th. KeyCorp reiterated a “hold” rating on shares of Lexington Realty Trust in a research note on Sunday, September 24th. DA Davidson initiated coverage on shares of Lexington Realty Trust in a report on Monday, September 25th. They issued a “neutral” rating and a $10.75 target price for the company. Jefferies Group reissued a “hold” rating and issued a $11.00 target price on shares of Lexington Realty Trust in a report on Tuesday, October 24th. Finally, Zacks Investment Research raised shares of Lexington Realty Trust from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a report on Thursday, October 26th.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio grew its position in Lexington Realty Trust by 98.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 71,813 shares of the real estate investment trust’s stock valued at $734,000 after purchasing an additional 35,611 shares during the period. Eii Capital Management Inc. bought a new position in Lexington Realty Trust during the 3rd quarter valued at $669,000. California Public Employees Retirement System lifted its stake in Lexington Realty Trust by 7.4% during the 3rd quarter. California Public Employees Retirement System now owns 738,389 shares of the real estate investment trust’s stock valued at $7,546,000 after acquiring an additional 51,042 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in Lexington Realty Trust during the 3rd quarter valued at $692,000. Finally, Capital Bank & Trust Co bought a new position in Lexington Realty Trust during the 3rd quarter valued at $220,000. Institutional investors and hedge funds own 73.97% of the company’s stock.
Shares of Lexington Realty Trust (NYSE:LXP) traded up $0.01 during trading hours on Thursday, hitting $10.25. 729,354 shares of the stock traded hands, compared to its average volume of 745,436. Lexington Realty Trust has a 12 month low of $9.00 and a 12 month high of $11.42. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.19 and a current ratio of 0.19. The firm has a market cap of $2,466.60, a PE ratio of 10.79, a price-to-earnings-growth ratio of 2.68 and a beta of 0.96.
Lexington Realty Trust (NYSE:LXP) last issued its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. The firm had revenue of $97.70 million during the quarter, compared to analysts’ expectations of $97.71 million. Lexington Realty Trust had a net margin of 17.96% and a return on equity of 5.29%. The business’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.28 earnings per share. sell-side analysts anticipate that Lexington Realty Trust will post 0.95 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be issued a $0.1775 dividend. This represents a $0.71 dividend on an annualized basis and a yield of 6.93%. The ex-dividend date of this dividend is Thursday, December 28th. 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 259.26%.
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About Lexington Realty Trust
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.
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