Lexington Realty Trust (LXP) Given Media Sentiment Rating of 0.33
Media coverage about Lexington Realty Trust (NYSE:LXP) has been trending positive this week, Accern Sentiment reports. The research group ranks the sentiment of news coverage by monitoring 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 0.33 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 46.286867536177 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news stories that may have effected Accern’s rankings:
- Lexington Realty Trust (LXP) Price Moves Above the Cloud – Sheridan Daily (sheridandaily.com)
- Taking Aim at Lexington Realty Trust (LXP) Shares – Financial News Review (finnewsreview.com)
- Can Lexington Realty Trust (LXP) Move Higher? – Evergreen Caller (evergreencaller.com)
- Lexington Realty Trust (LXP) Upgraded by BidaskClub to Hold (americanbankingnews.com)
- Lexington Realty Trust (LXP) Receives Average Recommendation of “Hold” from Analysts (americanbankingnews.com)
Lexington Realty Trust (LXP) traded up 0.79% during trading on Friday, hitting $10.17. 467,703 shares of the stock traded hands. The company’s 50 day moving average price is $10.10 and its 200 day moving average price is $10.25. Lexington Realty Trust has a 12 month low of $9.00 and a 12 month high of $11.42. The company has a market cap of $2.44 billion, a P/E ratio of 30.09 and a beta of 0.96.
Lexington Realty Trust (NYSE:LXP) last announced its quarterly earnings data on Tuesday, May 9th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by $0.01. The company had revenue of $96.10 million during the quarter, compared to analysts’ expectations of $94.72 million. Lexington Realty Trust had a net margin of 19.61% and a return on equity of 5.97%. The business’s quarterly revenue was down 13.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.30 EPS. On average, equities research analysts anticipate that Lexington Realty Trust will post $0.35 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were paid a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 6.88%. The ex-dividend date was Wednesday, June 28th. Lexington Realty Trust’s payout ratio is presently 218.76%.
A number of equities analysts have commented on LXP shares. Zacks Investment Research downgraded shares of Lexington Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, April 11th. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Lexington Realty Trust in a report on Thursday, May 18th. Evercore ISI upgraded shares of Lexington Realty Trust from an “in-line” rating to an “outperform” rating and set a $11.00 target price for the company in a report on Thursday, May 25th. BidaskClub upgraded shares of Lexington Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $11.00 target price on shares of Lexington Realty Trust in a report on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $10.60.
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In related news, Chairman E Robert Roskind sold 70,000 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $9.54, for a total transaction of $667,800.00. Following the completion of the sale, the chairman now owns 792,435 shares in the company, valued at $7,559,829.90. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Joseph Bonventre sold 135,298 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The stock was 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 owns 360,709 shares of the company’s stock, valued at approximately $3,653,982.17. The disclosure for this sale can be found here. Company insiders own 3.10% of the company’s stock.
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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