Zacks Investment Research upgraded shares of Lexington Realty Trust (NYSE:LXP) from a maintain ranking to a purchase ranking in a badysis report launched on Thursday, October 26th. Zacks Investment Research presently has $12.00 worth goal on the true property funding belief’s inventory.
According to Zacks, “LEXINGTON CORP PROPERTIES INC is an actual property funding belief engaged within the possession, operation, administration of a various portfolio of actual properties. “
Several different equities badysis badysts have additionally just lately weighed in on the corporate. Jefferies Group LLC reiterated a maintain ranking and issued a $11.00 worth goal on shares of Lexington Realty Trust in a report on Tuesday, October 24th. DA Davidson began protection on Lexington Realty Trust in a badysis notice on Monday, September 25th. They issued a impartial ranking and a $10.75 goal worth for the corporate. KeyCorp restated a maintain ranking on shares of Lexington Realty Trust in a badysis notice on Sunday, September 24th. Ladenburg Thalmann Financial Services restated a maintain ranking on shares of Lexington Realty Trust in a badysis notice on Thursday, August 17th. Finally, BidaskClub minimize Lexington Realty Trust from a maintain ranking to a promote ranking in a badysis notice on Thursday, August 10th. Two funding badysts have rated the inventory with a promote ranking, six have given a maintain ranking and one has issued a purchase ranking to the corporate’s inventory. Lexington Realty Trust presently has a mean ranking of Hold and a consensus worth goal of $10.79.
Lexington Realty Trust (LXP) traded up $zero.14 throughout noon buying and selling on Thursday, reaching $10.49. The firm’s inventory had a buying and selling quantity of 566,100 shares, in comparison with its common quantity of 713,492. Lexington Realty Trust has a 1-year low of $9.00 and a 1-year excessive of $11.42. The firm has a present ratio of zero.19, a fast ratio of zero.14 and a debt-to-equity ratio of zero.73. The inventory has a market cap of $2,524.36, a PE ratio of 11.04, a P/E/G ratio of two.74 and a beta of zero.95.
Lexington Realty Trust (NYSE:LXP) final launched its quarterly earnings knowledge on Tuesday, November seventh. The actual property funding belief reported $zero.25 earnings per share for the quarter, topping the consensus estimate of $zero.24 by $zero.01. Lexington Realty Trust had a return on fairness of 5.29% and a internet margin of 17.96%. The enterprise had income of $97.70 million throughout the quarter, in comparison with badysts’ expectations of $97.71 million. During the identical quarter final yr, the enterprise posted $zero.28 EPS. The enterprise’s income was down eight.1% on a year-over-year foundation. equities badysts forecast that Lexington Realty Trust will publish zero.96 EPS for the present yr.
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The enterprise additionally just lately disclosed a quarterly dividend, which might be paid on Tuesday, January 16th. Investors of document on Friday, December 29th might be given a dividend of $zero.1775 per share. This represents a $zero.71 dividend on an annualized foundation and a yield of 6.77%. The ex-dividend date is Thursday, December 28th. This is a constructive change from Lexington Realty Trust’s earlier quarterly dividend of $zero.18. Lexington Realty Trust’s dividend payout ratio (DPR) is 259.26%.
In badociated information, CEO T Wilson Eglin offered 24,170 shares of the agency’s inventory in a transaction that occurred on Monday, August 14th. The inventory was offered at a mean worth of $9.81, for a complete transaction of $237,107.70. Following the completion of the transaction, the chief govt officer now owns 2,223,251 shares of the corporate’s inventory, valued at roughly $21,810,092.31. The transaction was disclosed in a submitting with the SEC, which may be accessed via this hyperlink. three.10% of the inventory is owned by firm insiders.
Several institutional traders have just lately purchased and offered shares of the enterprise. BlackRock Inc. grew its holdings in shares of Lexington Realty Trust by eight,779.eight% within the first quarter. BlackRock Inc. now owns 31,979,546 shares of the true property funding belief’s inventory value $319,155,000 after buying an extra 31,619,409 shares throughout the interval. Denver Investment Advisors LLC purchased a brand new stake in shares of Lexington Realty Trust within the second quarter value $17,700,000. Vanguard Group Inc. grew its holdings in shares of Lexington Realty Trust by three.1% within the first quarter. Vanguard Group Inc. now owns 39,695,zero75 shares of the true property funding belief’s inventory value $396,156,000 after buying an extra 1,204,191 shares throughout the interval. Schwab Charles Investment Management Inc. grew its holdings in shares of Lexington Realty Trust by 49.eight% within the second quarter. Schwab Charles Investment Management Inc. now owns 2,684,423 shares of the true property funding belief’s inventory value $26,603,000 after buying an extra 892,164 shares throughout the interval. Finally, American Century Companies Inc. grew its holdings in shares of Lexington Realty Trust by 35.6% within the third quarter. American Century Companies Inc. now owns 2,261,255 shares of the true property funding belief’s inventory value $23,110,000 after buying an extra 593,604 shares throughout the interval. 72.36% of the inventory is owned by institutional traders and hedge funds.
About Lexington Realty Trust
Lexington Realty Trust is an actual property funding belief (REIT). The Company owns a portfolio of fairness and debt investments in single-tenant industrial properties. As of December 31, 2016, the Company had fairness possession pursuits in roughly 195 consolidated actual property properties, positioned in 40 states and containing an combination of roughly 43.three million sq. ft of area, roughly 96.zero% of which was leased.
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