Lexington Realty Trust (NYSE:LXP) has been given a consensus rating of “Buy” by the six analysts that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $9.50.
A number of brokerages recently commented on LXP. Zacks Investment Research downgraded shares of Lexington Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, May 8th. DA Davidson upgraded shares of Lexington Realty Trust from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 22nd. Finally, TheStreet upgraded shares of Lexington Realty Trust from a “c+” rating to a “b-” rating in a research note on Tuesday, February 5th.
Hedge funds have recently modified their holdings of the stock. Two Sigma Investments LP acquired a new position in Lexington Realty Trust in the fourth quarter valued at $1,130,000. Northwood Liquid Management LP acquired a new position in Lexington Realty Trust in the fourth quarter valued at $8,280,000. Metropolitan Life Insurance Co. NY boosted its stake in Lexington Realty Trust by 194.2% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 79,138 shares of the real estate investment trust’s stock valued at $650,000 after acquiring an additional 52,238 shares in the last quarter. M&T Bank Corp boosted its stake in Lexington Realty Trust by 5.6% in the fourth quarter. M&T Bank Corp now owns 25,824 shares of the real estate investment trust’s stock valued at $211,000 after acquiring an additional 1,378 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its stake in Lexington Realty Trust by 39.5% in the fourth quarter. GSA Capital Partners LLP now owns 46,577 shares of the real estate investment trust’s stock valued at $382,000 after acquiring an additional 13,194 shares in the last quarter. Hedge funds and other institutional investors own 78.47% of the company’s stock.
Shares of NYSE:LXP traded up $0.03 during trading on Thursday, hitting $9.22. The company’s stock had a trading volume of 29,763 shares, compared to its average volume of 1,744,828. The company has a market cap of $2.15 billion, a price-to-earnings ratio of 9.61, a price-to-earnings-growth ratio of 13.09 and a beta of 0.99. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.37. Lexington Realty Trust has a fifty-two week low of $7.66 and a fifty-two week high of $9.70.
Lexington Realty Trust (NYSE:LXP) last posted its quarterly 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). The business had revenue of $81.25 million during the quarter, compared to analyst estimates of $80.70 million. Lexington Realty Trust had a return on equity of 21.72% and a net margin of 72.14%. The business’s revenue was down 21.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 EPS. On average, analysts expect that Lexington Realty Trust will post 0.78 EPS for the current year.
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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