Lexington Realty Trust (NYSE:LXP) was upgraded by equities researchers at TheStreet from a “c+” rating to a “b-” rating in a research report issued on Tuesday, February 5th.
Several other analysts have also commented on LXP. Zacks Investment Research upgraded shares of Lexington Realty Trust from a “hold” rating to a “buy” rating and set a $9.00 price target on the stock in a research report on Wednesday, December 26th. ValuEngine raised shares of Lexington Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, December 1st. DA Davidson raised shares of Lexington Realty Trust from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 22nd. Finally, Jefferies Financial Group raised shares of Lexington Realty Trust from a “hold” rating to a “buy” rating in a research note on Friday, October 12th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $8.67.
Shares of NYSE:LXP traded down $0.30 during midday trading on Tuesday, reaching $8.99. The company’s stock had a trading volume of 8,915,096 shares, compared to its average volume of 1,512,939. The firm has a market capitalization of $2.27 billion, a P/E ratio of 9.59, a PEG ratio of 5.02 and a beta of 1.04. Lexington Realty Trust has a twelve month low of $7.59 and a twelve month high of $9.70. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.40 and a quick ratio of 0.40.
Lexington Realty Trust (NYSE:LXP) last released its quarterly earnings results on Wednesday, February 27th. The real estate investment trust reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.10). The firm had revenue of $87.25 million for the quarter, compared to analyst estimates of $86.04 million. Lexington Realty Trust had a net margin of 56.75% and a return on equity of 19.03%. The firm’s quarterly revenue was down 14.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.26 EPS. Equities analysts anticipate that Lexington Realty Trust will post 0.78 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of LXP. Clearbridge Investments LLC lifted its position in shares of Lexington Realty Trust by 858,377.0% during the 3rd quarter. Clearbridge Investments LLC now owns 2,197,701 shares of the real estate investment trust’s stock worth $18,241,000 after buying an additional 2,197,445 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Lexington Realty Trust during the 3rd quarter worth $13,722,000. BlackRock Inc. raised its position in Lexington Realty Trust by 3.0% during the 3rd quarter. BlackRock Inc. now owns 37,141,546 shares of the real estate investment trust’s stock worth $308,276,000 after buying an additional 1,073,753 shares during the last quarter. Northwood Liquid Management LP acquired a new position in shares of Lexington Realty Trust during the 4th quarter worth $8,280,000. Finally, Mackenzie Financial Corp acquired a new position in shares of Lexington Realty Trust during the 3rd quarter worth $7,302,000. Institutional investors own 74.39% 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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