Lexington Realty Trust Lowered to “Neutral” at Ladenburg Thalmann (LXP)
Lexington Realty Trust (NYSE:LXP) was downgraded by research analysts at Ladenburg Thalmann from a “buy” rating to a “neutral” rating in a report released on Friday, TheFlyOnTheWall.com reports.
Shares of Lexington Realty Trust (NYSE:LXP) opened at 10.89 on Friday. Lexington Realty Trust has a 52-week low of $9.94 and a 52-week high of $12.21. The stock’s 50-day moving average is $11.06 and its 200-day moving average is $11.06. The company has a market cap of $2.519 billion and a P/E ratio of 474.78.
Lexington Realty Trust (NYSE:LXP) last released its earnings data on Thursday, August 7th. The company reported $0.28 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.28. The company had revenue of $109.75 million for the quarter, compared to the consensus estimate of $113.10 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The company’s quarterly revenue was up 15.9% on a year-over-year basis. On average, analysts predict that Lexington Realty Trust will post $1.10 earnings per share for the current fiscal year.
Separately, analysts at Jefferies Group raised their price target on shares of Lexington Realty Trust from $13.00 to $14.00 in a research note on Tuesday, July 22nd.
Lexington Realty Trust (NYSE:LXP) is a self-managed and self-administered real estate investment trust (REIT).
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