Shares of Lexington Realty Trust (NYSE:LXP) have received an average rating of “Hold” from the eight analysts that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $10.50.

Several brokerages recently commented on LXP. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Lexington Realty Trust in a report on Thursday, May 18th. BidaskClub upgraded shares of Lexington Realty Trust from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Evercore ISI upgraded shares of Lexington Realty Trust from an “in-line” rating to an “outperform” rating and set a $11.00 target price on the stock in a report on Thursday, May 25th. Zacks Investment Research downgraded shares of Lexington Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $10.00 target price on shares of Lexington Realty Trust in a report on Thursday, July 6th.

In other Lexington Realty Trust news, EVP Joseph Bonventre sold 135,298 shares of the firm’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $10.13, for a total value of $1,370,568.74. Following the sale, the executive vice president now directly owns 360,709 shares in the company, valued at approximately $3,653,982.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO T Wilson Eglin sold 24,170 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $9.81, for a total transaction of $237,107.70. Following the completion of the sale, the chief executive officer now owns 2,223,251 shares in the company, valued at $21,810,092.31. The disclosure for this sale can be found here. Company insiders own 3.10% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the company. WINTON GROUP Ltd raised its stake in Lexington Realty Trust by 120.7% in the second quarter. WINTON GROUP Ltd now owns 594,804 shares of the real estate investment trust’s stock valued at $5,895,000 after buying an additional 325,309 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in Lexington Realty Trust by 3.0% in the second quarter. Public Employees Retirement System of Ohio now owns 36,202 shares of the real estate investment trust’s stock valued at $359,000 after buying an additional 1,069 shares in the last quarter. Koch Industries Inc. bought a new stake in Lexington Realty Trust during the second quarter valued at about $295,000. Piedmont Investment Advisors LLC raised its stake in Lexington Realty Trust by 261.5% in the second quarter. Piedmont Investment Advisors LLC now owns 46,774 shares of the real estate investment trust’s stock valued at $464,000 after buying an additional 33,834 shares in the last quarter. Finally, Dean Capital Management raised its stake in Lexington Realty Trust by 18.3% in the second quarter. Dean Capital Management now owns 416,750 shares of the real estate investment trust’s stock valued at $4,130,000 after buying an additional 64,480 shares in the last quarter. Institutional investors own 72.15% of the company’s stock.

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Lexington Realty Trust (NYSE LXP) traded down 0.62% on Tuesday, reaching $9.66. The company had a trading volume of 681,066 shares. The stock’s 50-day moving average price is $9.99 and its 200 day moving average price is $10.15. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 71.56 and a beta of 0.96. Lexington Realty Trust has a 52-week low of $9.00 and a 52-week high of $11.42.

Lexington Realty Trust (NYSE:LXP) last announced its earnings results on Tuesday, August 8th. The real estate investment trust reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by $0.01. The firm had revenue of $95.70 million during the quarter, compared to the consensus estimate of $95.41 million. Lexington Realty Trust had a return on equity of 2.92% and a net margin of 9.80%. The business’s revenue was down 12.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.29 EPS. On average, equities analysts anticipate that Lexington Realty Trust will post $0.33 earnings per share for the current fiscal year.

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.

Analyst Recommendations for Lexington Realty Trust (NYSE:LXP)

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