Zacks Investment Research upgraded shares of Lexington Realty Trust (NYSE:LXP) from a maintain score to a purchase score in a report revealed on Thursday, October 26th. They at present have $12.00 value 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 badysts have additionally just lately weighed in on the inventory. Stifel Nicolaus reaffirmed a maintain score and set a $10.00 value goal on shares of Lexington Realty Trust in a badysis word on Thursday, July sixth. BidaskClub minimize shares of Lexington Realty Trust from a maintain score to a promote score in a badysis word on Friday, July 28th. KeyCorp reaffirmed a maintain score on shares of Lexington Realty Trust in a badysis word on Sunday, September 24th. Ladenburg Thalmann Financial Services reaffirmed a maintain score on shares of Lexington Realty Trust in a badysis word on Thursday, August 17th. Finally, DA Davidson began protection on shares of Lexington Realty Trust in a badysis word on Monday, September 25th. They set a impartial score and a $10.75 value goal for the corporate. Two badysis badysts have rated the inventory with a promote score, 5 have given a maintain score and two have issued a purchase score to the inventory. Lexington Realty Trust presently has a consensus score of Hold and a consensus value goal of $10.79.
Lexington Realty Trust (NYSE LXP) opened at $10.19 on Thursday. The firm has a market cap of $2.46 billion, a PE ratio of 10.42, a PEG ratio of two.66 and a beta of zero.95. The firm has a debt-to-equity ratio of zero.48, a fast ratio of zero.14 and a present ratio of zero.14.
Lexington Realty Trust (NYSE:LXP) final introduced its earnings outcomes on Tuesday, August eighth. The actual property funding belief reported $zero.23 EPS for the quarter, lacking the consensus estimate of $zero.24 by ($zero.01). The firm had income of $95.70 million for the quarter, in comparison with badyst estimates of $95.41 million. Lexington Realty Trust had a return on fairness of two.92% and a web margin of 9.80%. The enterprise’s quarterly income was down 12.7% on a year-over-year foundation. During the identical quarter final 12 months, the enterprise posted $zero.29 earnings per share. badysis badysts anticipate that Lexington Realty Trust will submit zero.96 EPS for the present 12 months.
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The firm additionally just lately introduced a quarterly dividend, which was paid on Monday, October 16th. Investors of document on Friday, September 29th have been paid a $zero.175 dividend. The ex-dividend date was Thursday, September 28th. This represents a $zero.70 annualized dividend and a dividend yield of 6.87%. Lexington Realty Trust’s dividend payout ratio is presently 500.00%.
In badociated information, CEO T Wilson Eglin offered 24,170 shares of the agency’s inventory in a transaction on Monday, August 14th. The shares have been offered at a mean value of $9.81, for a complete worth of $237,107.70. Following the completion of the transaction, the chief government officer now immediately owns 2,223,251 shares of the corporate’s inventory, valued at $21,810,092.31. The transaction was disclosed in a doc filed with the Securities & Exchange Commission, which is offered by this hyperlink. three.10% of the inventory is at present owned by firm insiders.
Large traders have just lately added to or lowered their stakes within the inventory. Adviser Investments LLC purchased a brand new place in shares of Lexington Realty Trust within the third quarter valued at $109,00zero. GW&Ok Investment Management LLC purchased a brand new place in shares of Lexington Realty Trust within the second quarter valued at $118,00zero. Piedmont Investment Advisors LLC purchased a brand new place in shares of Lexington Realty Trust within the first quarter valued at $129,00zero. Tocqueville Asset Management L.P. boosted its place in Lexington Realty Trust by zero.7% through the second quarter. Tocqueville Asset Management L.P. now owns 13,600 shares of the true property funding belief’s inventory value $135,00zero after buying an extra 100 shares through the interval. Finally, Ingalls & Snyder LLC purchased a brand new place in Lexington Realty Trust through the third quarter value $140,00zero. 72.26% 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 business 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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