Lexington Realty Trust (LXP) Receives News Sentiment Rating of 0.28
Media coverage about Lexington Realty Trust (NYSE:LXP) has been trending positive recently, Accern Sentiment reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Lexington Realty Trust earned a media sentiment score of 0.28 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 48.2103401005295 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of Lexington Realty Trust (LXP) opened at $10.59 on Friday. The company has a market capitalization of $2,541.20, a PE ratio of 11.12, a PEG ratio of 2.76 and a beta of 0.95. Lexington Realty Trust has a twelve month low of $9.00 and a twelve month high of $11.42. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.73.
Lexington Realty Trust (NYSE:LXP) last issued its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $97.70 million for the quarter, compared to analyst estimates of $97.71 million. Lexington Realty Trust had a return on equity of 5.29% and a net margin of 17.96%. The company’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 earnings per share. sell-side analysts anticipate that Lexington Realty Trust will post 0.96 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be issued a $0.1775 dividend. This represents a $0.71 dividend on an annualized basis and a dividend yield of 6.70%. This is a positive change from Lexington Realty Trust’s previous quarterly dividend of $0.18. The ex-dividend date is Thursday, December 28th. Lexington Realty Trust’s payout ratio is 259.26%.
Several research analysts have weighed in on the company. BidaskClub lowered Lexington Realty Trust from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Zacks Investment Research lowered Lexington Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. DA Davidson assumed coverage on Lexington Realty Trust in a report on Monday, September 25th. They set a “neutral” rating and a $10.75 target price on the stock. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Lexington Realty Trust in a report on Thursday, August 17th. Finally, KeyCorp reiterated a “hold” rating on shares of Lexington Realty Trust in a report on Sunday, September 24th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. Lexington Realty Trust has a consensus rating of “Hold” and a consensus target price of $10.79.
About Lexington Realty Trust
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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