Lexington Realty Trust (NYSE:LXP) has been assigned an average rating of “Hold” from the eight research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $8.33.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Lexington Realty Trust from a “buy” rating to a “hold” rating in a research note on Saturday, March 2nd. TheStreet upgraded shares of Lexington Realty Trust from a “c+” rating to a “b-” rating in a research note on Tuesday, February 5th. DA Davidson upgraded shares of Lexington Realty Trust from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 22nd. Finally, ValuEngine upgraded shares of Lexington Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, December 1st.

Shares of LXP stock traded up $0.03 during mid-day trading on Wednesday, reaching $9.22. The company’s stock had a trading volume of 23,972 shares, compared to its average volume of 2,575,206. Lexington Realty Trust has a 1-year low of $7.59 and a 1-year high of $9.70. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 9.60, a P/E/G ratio of 11.00 and a beta of 1.01. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.22 and a current ratio of 0.22.

Lexington Realty Trust (NYSE:LXP) last announced its quarterly earnings data on Wednesday, February 27th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.10). Lexington Realty Trust had a net margin of 57.52% and a return on equity of 18.56%. The business had revenue of $87.25 million during the quarter, compared to analyst estimates of $86.04 million. During the same quarter in the prior year, the company posted $0.26 EPS. The company’s quarterly revenue was down 14.6% compared to the same quarter last year. On average, sell-side analysts predict that Lexington Realty Trust will post 0.78 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be given a dividend of $0.102 per share. This represents a $0.41 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date is Thursday, March 28th. Lexington Realty Trust’s dividend payout ratio (DPR) is currently 73.96%.

Institutional investors have recently made changes to their positions in the stock. Keybank National Association OH increased its position in Lexington Realty Trust by 12.6% in the 4th quarter. Keybank National Association OH now owns 11,820 shares of the real estate investment trust’s stock valued at $97,000 after acquiring an additional 1,320 shares in the last quarter. M&T Bank Corp increased its position in Lexington Realty Trust by 5.6% in the 4th quarter. M&T Bank Corp now owns 25,824 shares of the real estate investment trust’s stock valued at $211,000 after acquiring an additional 1,378 shares in the last quarter. Texas Permanent School Fund increased its position in Lexington Realty Trust by 2.4% in the 4th quarter. Texas Permanent School Fund now owns 137,607 shares of the real estate investment trust’s stock valued at $1,130,000 after acquiring an additional 3,266 shares in the last quarter. Bremer Trust National Association acquired a new stake in Lexington Realty Trust in the 4th quarter valued at about $34,000. Finally, PNC Financial Services Group Inc. increased its position in Lexington Realty Trust by 11.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 41,885 shares of the real estate investment trust’s stock valued at $344,000 after acquiring an additional 4,183 shares in the last quarter. Institutional investors and hedge funds own 76.44% of the company’s stock.

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.

Recommended Story: Balanced Fund

Analyst Recommendations for Lexington Realty Trust (NYSE:LXP)

Receive News & Ratings for Lexington Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lexington Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.