Lexington Realty Trust (LXP) Getting Positive Media Coverage, Report Shows
Media headlines about Lexington Realty Trust (NYSE:LXP) have trended positive recently, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Lexington Realty Trust earned a coverage optimism score of 0.29 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 46.8612636564383 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Several research firms have commented on LXP. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Lexington Realty Trust in a report on Tuesday, November 28th. Zacks Investment Research downgraded shares of Lexington Realty Trust from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Jefferies Group reissued a “hold” rating and set a $11.00 price objective on shares of Lexington Realty Trust in a report on Tuesday, October 24th. DA Davidson began coverage on shares of Lexington Realty Trust in a report on Monday, September 25th. They set a “neutral” rating and a $10.75 price objective for the company. Finally, KeyCorp reissued a “hold” rating on shares of Lexington Realty Trust in a report on Sunday, September 24th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $10.79.
Shares of Lexington Realty Trust (NYSE:LXP) traded down $0.06 during trading hours on Monday, hitting $10.42. 942,648 shares of the company were exchanged, compared to its average volume of 1,078,063. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.73. Lexington Realty Trust has a 1 year low of $9.00 and a 1 year high of $11.42. The company has a market cap of $2,521.95, a P/E ratio of 11.03, a price-to-earnings-growth ratio of 2.74 and a beta of 0.96.
Lexington Realty Trust (NYSE:LXP) last announced its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. Lexington Realty Trust had a net margin of 17.96% and a return on equity of 5.29%. The firm had revenue of $97.70 million during the quarter, compared to the consensus estimate of $97.71 million. During the same quarter last year, the firm earned $0.28 EPS. The firm’s revenue for the quarter was down 8.1% compared to the same quarter last year. equities research analysts predict that Lexington Realty Trust will post 0.96 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be issued a $0.1775 dividend. This is an increase from Lexington Realty Trust’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 6.81%. Lexington Realty Trust’s dividend payout ratio (DPR) is presently 259.26%.
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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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