Shares of Lexington Realty Trust (NYSE:LXP) have earned a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $10.55.

A number of equities research analysts have commented on the stock. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Lexington Realty Trust in a report on Tuesday, November 28th. Zacks Investment Research lowered shares of Lexington Realty Trust from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Jefferies Group reaffirmed a “hold” rating and issued a $11.00 target price on shares of Lexington Realty Trust in a research note on Tuesday, October 24th. DA Davidson assumed coverage on shares of Lexington Realty Trust in a research note on Monday, September 25th. They issued a “neutral” rating and a $10.75 target price on the stock. Finally, KeyCorp reaffirmed a “hold” rating on shares of Lexington Realty Trust in a research note on Sunday, September 24th.

Shares of Lexington Realty Trust (NYSE LXP) traded down $0.12 during trading hours on Thursday, reaching $10.21. 462,700 shares of the company’s stock were exchanged, compared to its average volume of 1,073,969. Lexington Realty Trust has a 12-month low of $9.00 and a 12-month high of $11.42. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.73. The company has a market cap of $2,485.85, a price-to-earnings ratio of 10.87, a P/E/G ratio of 2.70 and a beta of 0.96.

Lexington Realty Trust (NYSE:LXP) last issued its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Lexington Realty Trust had a net margin of 17.96% and a return on equity of 5.29%. The firm had revenue of $97.70 million for the quarter, compared to analyst estimates of $97.71 million. During the same quarter in the prior year, the firm earned $0.28 EPS. The company’s revenue was down 8.1% on a year-over-year basis. analysts expect that Lexington Realty Trust will post 0.95 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be paid a $0.1775 dividend. This represents a $0.71 annualized dividend and a dividend yield of 6.95%. The ex-dividend date of this dividend is Thursday, December 28th. This is a positive change from Lexington Realty Trust’s previous quarterly dividend of $0.18. Lexington Realty Trust’s dividend payout ratio (DPR) is 259.26%.

Several hedge funds and other institutional investors have recently modified their holdings of LXP. Denver Investment Advisors LLC bought a new position in shares of Lexington Realty Trust in the 2nd quarter valued at about $17,700,000. Schwab Charles Investment Management Inc. boosted its stake in shares of Lexington Realty Trust by 49.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,684,423 shares of the real estate investment trust’s stock valued at $26,603,000 after purchasing an additional 892,164 shares during the last quarter. American Century Companies Inc. raised its position in shares of Lexington Realty Trust by 35.6% in the 3rd quarter. American Century Companies Inc. now owns 2,261,255 shares of the real estate investment trust’s stock valued at $23,110,000 after acquiring an additional 593,604 shares during the period. Macquarie Group Ltd. raised its position in shares of Lexington Realty Trust by 6.3% in the 3rd quarter. Macquarie Group Ltd. now owns 5,633,077 shares of the real estate investment trust’s stock valued at $57,570,000 after acquiring an additional 332,341 shares during the period. Finally, WINTON GROUP Ltd raised its position in shares of Lexington Realty Trust by 120.7% in the 2nd quarter. WINTON GROUP Ltd now owns 594,804 shares of the real estate investment trust’s stock valued at $5,895,000 after acquiring an additional 325,309 shares during the period. 73.97% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Lexington Realty Trust (NYSE:LXP)

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