Lexington Realty Trust’s (LXP) “Hold” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reiterated their hold rating on shares of Lexington Realty Trust (NYSE:LXP) in a research note published on Thursday morning. They currently have a $9.00 target price on the real estate investment trust’s stock.

LXP has been the topic of a number of other research reports. ValuEngine upgraded shares of Lexington Realty Trust from a strong sell rating to a sell rating in a research report on Friday, June 22nd. Stifel Nicolaus cut shares of Lexington Realty Trust from a hold rating to a sell rating and decreased their price objective for the company from $8.50 to $7.00 in a research report on Tuesday, May 8th. Finally, Zacks Investment Research raised shares of Lexington Realty Trust from a sell rating to a hold rating in a research note on Saturday, May 12th. Three analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $9.39.

Shares of Lexington Realty Trust traded down $0.01, reaching $8.85, during mid-day trading on Thursday, MarketBeat reports. The stock had a trading volume of 1,160,312 shares, compared to its average volume of 734,322. Lexington Realty Trust has a 52-week low of $7.59 and a 52-week high of $10.65. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 9.12, a PEG ratio of 2.02 and a beta of 0.82. The company has a current ratio of 0.14, a quick ratio of 0.13 and a debt-to-equity ratio of 0.64.

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

The business also recently announced 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 payout ratio is 73.20%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Lexington Realty Trust by 6.4% during the 2nd quarter. BlackRock Inc. now owns 36,067,793 shares of the real estate investment trust’s stock valued at $314,871,000 after purchasing an additional 2,182,275 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Lexington Realty Trust by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,466,420 shares of the real estate investment trust’s stock valued at $30,262,000 after purchasing an additional 27,694 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Lexington Realty Trust by 13.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 3,209,515 shares of the real estate investment trust’s stock valued at $25,259,000 after purchasing an additional 369,461 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of Lexington Realty Trust by 19.6% during the 1st quarter. Prudential Financial Inc. now owns 2,185,107 shares of the real estate investment trust’s stock valued at $17,197,000 after purchasing an additional 357,917 shares in the last quarter. Finally, Systematic Financial Management LP boosted its stake in shares of Lexington Realty Trust by 15.1% during the 2nd quarter. Systematic Financial Management LP now owns 1,783,917 shares of the real estate investment trust’s stock valued at $15,574,000 after purchasing an additional 233,496 shares in the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Lexington Realty Trust Company Profile

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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Analyst Recommendations for Lexington Realty Trust (NYSE:LXP)

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