Shares of Lexington Realty Trust (NYSE:LXP) have been given an average recommendation of “Buy” by the six brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $9.50.

A number of research firms have recently weighed in on LXP. Zacks Investment Research upgraded Lexington Realty Trust from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research report on Friday, May 10th. DA Davidson upgraded Lexington Realty Trust from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 22nd. Finally, TheStreet upgraded Lexington Realty Trust from a “c+” rating to a “b-” rating in a research report on Tuesday, February 5th.

NYSE LXP traded up $0.07 on Thursday, reaching $9.09. The stock had a trading volume of 44,807 shares, compared to its average volume of 1,725,412. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.22 and a quick ratio of 0.22. Lexington Realty Trust has a 1-year low of $7.66 and a 1-year high of $9.70. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 9.47, a P/E/G ratio of 13.12 and a beta of 0.99.

Lexington Realty Trust (NYSE:LXP) last released its earnings results on Wednesday, May 8th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.10). The company had revenue of $81.25 million for the quarter, compared to the consensus estimate of $80.70 million. Lexington Realty Trust had a net margin of 72.14% and a return on equity of 21.72%. The business’s revenue was down 21.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 earnings per share. On average, equities analysts anticipate that Lexington Realty Trust will post 0.78 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its holdings in Lexington Realty Trust by 2.4% in the third quarter. Bank of New York Mellon Corp now owns 3,555,532 shares of the real estate investment trust’s stock worth $29,511,000 after acquiring an additional 82,443 shares in the last quarter. Teachers Advisors LLC boosted its holdings in Lexington Realty Trust by 110.4% in the third quarter. Teachers Advisors LLC now owns 994,062 shares of the real estate investment trust’s stock worth $8,251,000 after acquiring an additional 521,632 shares in the last quarter. Peregrine Capital Management LLC boosted its holdings in Lexington Realty Trust by 49.0% in the fourth quarter. Peregrine Capital Management LLC now owns 951,070 shares of the real estate investment trust’s stock worth $7,808,000 after acquiring an additional 312,950 shares in the last quarter. Bank of Montreal Can boosted its holdings in Lexington Realty Trust by 22.0% in the fourth quarter. Bank of Montreal Can now owns 53,714 shares of the real estate investment trust’s stock worth $441,000 after acquiring an additional 9,674 shares in the last quarter. Finally, Strs Ohio boosted its holdings in Lexington Realty Trust by 4.5% in the fourth quarter. Strs Ohio now owns 369,111 shares of the real estate investment trust’s stock worth $3,030,000 after acquiring an additional 15,811 shares in the last quarter. Hedge funds and other institutional investors own 78.47% 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 industrial portfolio through build-to-suit transactions, sale-leaseback transactions and other transactions, including acquisitions.

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