Lexington Realty Trust (LXP) Earns Daily Coverage Optimism Rating of 0.24
Media stories about Lexington Realty Trust (NYSE:LXP) have trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Lexington Realty Trust earned a media sentiment score of 0.24 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 47.3055386743795 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Lexington Realty Trust (LXP) Reaches Active Mover List – Sparta Review (spartareview.com)
- See what the IHS Markit Score report has to say about Lexington Realty Trust. (finance.yahoo.com)
- Lexington Realty Trust (LXP) Scheduled to Post Quarterly Earnings on Tuesday (wisdomsave.com)
- Lexington Realty: Don’t Dump This REIT, The Best Days Are Yet To Come (seekingalpha.com)
- Lexington Realty Trust breached its 50 day moving average in a Bearish Manner : LXP-US : August 9, 2017 (finance.yahoo.com)
Shares of Lexington Realty Trust (NYSE LXP) traded down 0.71% during mid-day trading on Friday, hitting $9.73. The stock had a trading volume of 912,782 shares. The firm’s 50 day moving average price is $10.05 and its 200 day moving average price is $10.21. 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 $2.34 billion, a P/E ratio of 72.07 and a beta of 0.96.
Lexington Realty Trust (NYSE:LXP) last issued its earnings results on Tuesday, August 8th. The real estate investment trust reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The firm had revenue of $95.70 million during the quarter, compared to analyst estimates of $95.41 million. Lexington Realty Trust had a net margin of 9.80% and a return on equity of 2.92%. The business’s quarterly revenue was down 12.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.29 earnings per share. Analysts predict that Lexington Realty Trust will post $0.35 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were paid a $0.175 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $0.70 annualized dividend and a dividend yield of 7.19%. Lexington Realty Trust’s dividend payout ratio is presently 500.00%.
LXP has been the topic of a number of research reports. Zacks Investment Research upgraded Lexington Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, May 13th. Stifel Nicolaus restated a “hold” rating and issued a $10.00 price target on shares of Lexington Realty Trust in a report on Thursday, July 6th. Jefferies Group LLC restated a “hold” rating and issued a $11.00 price target on shares of Lexington Realty Trust in a report on Friday, June 23rd. Evercore ISI upgraded Lexington Realty Trust from an “in-line” rating to an “outperform” rating and set a $11.00 price target on the stock in a report on Thursday, May 25th. Finally, BidaskClub upgraded Lexington Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $10.60.
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In other news, Chairman E Robert Roskind sold 70,000 shares of the firm’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $9.54, for a total value of $667,800.00. Following the completion of the sale, the chairman now directly owns 792,435 shares in the company, valued at approximately $7,559,829.90. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Joseph Bonventre sold 135,298 shares of the firm’s stock in a transaction dated 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 completion of the sale, the executive vice president now owns 360,709 shares of the company’s stock, valued at $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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