Shares of Lexington Realty Trust (NYSE:LXP) have been assigned a consensus recommendation of “Hold” from the twelve analysts that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation and ten have given a hold recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $9.79.
A number of research firms recently weighed in on LXP. ValuEngine lowered shares of Lexington Realty Trust from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Zacks Investment Research raised shares of Lexington Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, March 21st. Wells Fargo lowered their price target on shares of Lexington Realty Trust from $11.00 to $9.00 and set a “market perform” rating for the company in a report on Monday, March 19th. JPMorgan Chase lowered their price target on shares of Lexington Realty Trust from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, Barclays lowered their price target on shares of Lexington Realty Trust from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Tuesday, March 20th.
Shares of LXP stock opened at $7.82 on Wednesday. Lexington Realty Trust has a 52 week low of $7.68 and a 52 week high of $10.65. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $1,875.58, a PE ratio of 8.06, a price-to-earnings-growth ratio of 2.22 and a beta of 0.88.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Thursday, March 29th will be issued a dividend of $0.1775 per share. This represents a $0.71 dividend on an annualized basis and a yield of 9.08%. The ex-dividend date of this dividend is Wednesday, March 28th. Lexington Realty Trust’s payout ratio is 73.20%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in LXP. JOYN Advisors Inc. acquired a new position in Lexington Realty Trust during the 4th quarter worth $113,000. Family Management Corp acquired a new position in Lexington Realty Trust during the 4th quarter worth $121,000. BlueCrest Capital Management Ltd acquired a new position in Lexington Realty Trust during the 4th quarter worth $150,000. Vident Investment Advisory LLC acquired a new position in Lexington Realty Trust during the 4th quarter worth $154,000. Finally, LDR Capital Management LLC acquired a new position in Lexington Realty Trust during the 4th quarter worth $982,000. 75.01% of the stock is owned by institutional investors and hedge funds.
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Lexington Realty Trust Company Profile
Lexington Realty Trust is a real estate investment trust (REIT). The Company owns a portfolio of equity and debt investments in single-tenant commercial properties. As of December 31, 2016, the Company had equity ownership interests in approximately 195 consolidated real estate properties, located in 40 states and containing an aggregate of approximately 43.3 million square feet of space, approximately 96.0% of which was leased.
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