Lexington Realty Trust (NYSE:LXP) Receiving Positive News Coverage, Analysis Shows

News coverage about Lexington Realty Trust (NYSE:LXP) has been trending positive this week, Accern reports. The research firm identifies negative and positive press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Lexington Realty Trust earned a media sentiment score of 0.33 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 46.3614112877814 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:

Several research analysts have recently weighed in on LXP shares. Zacks Investment Research downgraded shares of Lexington Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, August 2nd. ValuEngine cut shares of Lexington Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Jefferies Financial Group reaffirmed a “hold” rating and issued a $9.00 price objective on shares of Lexington Realty Trust in a report on Thursday. Finally, Stifel Nicolaus lowered shares of Lexington Realty Trust from a “hold” rating to a “sell” rating and decreased their target price for the company from $8.50 to $7.00 in a research report on Tuesday, May 8th. Three research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Lexington Realty Trust presently has an average rating of “Hold” and a consensus price target of $9.39.

Shares of NYSE LXP opened at $8.85 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.14 and a quick ratio of 0.13. Lexington Realty Trust has a 52-week low of $7.59 and a 52-week high of $10.65. The firm has a market cap of $2.13 billion, a price-to-earnings ratio of 8.77, a P/E/G ratio of 2.02 and a beta of 0.82.

Lexington Realty Trust (NYSE:LXP) last posted its earnings results on Wednesday, August 8th. The real estate investment trust reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.25). Lexington Realty Trust had a return on equity of 1.69% and a net margin of 4.99%. The company had revenue of $105.50 million for the quarter, compared to analyst estimates of $101.91 million. During the same quarter in the previous year, the firm posted $0.23 earnings per share. Lexington Realty Trust’s quarterly revenue was up 10.2% compared to the same quarter last year. sell-side analysts predict that Lexington Realty Trust will post 0.98 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 16th. Stockholders of record on Friday, June 29th were paid a dividend of $0.1775 per share. This represents a $0.71 dividend on an annualized basis and a dividend yield of 8.02%. The ex-dividend date of this dividend was Thursday, June 28th. Lexington Realty Trust’s dividend payout ratio is currently 73.20%.

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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Insider Buying and Selling by Quarter for Lexington Realty Trust (NYSE:LXP)

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