Lexington Realty Trust (NYSE:LXP) was downgraded by research analysts at Evercore ISI from an “outperform” rating to an “in-line” rating in a research note issued on Monday.

A number of other equities research analysts also recently issued reports 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 downgraded 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 started 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. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. The company has a consensus rating of “Hold” and an average price target of $10.79.

Shares of Lexington Realty Trust (LXP) traded down $0.19 during trading on Monday, hitting $10.06. 310,622 shares of the stock were exchanged, compared to its average volume of 1,071,168. Lexington Realty Trust has a 52-week low of $9.00 and a 52-week high of $11.42. The stock has a market capitalization of $2,420.00, a P/E ratio of 10.79, a price-to-earnings-growth ratio of 2.68 and a beta of 0.96. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.19 and a current ratio of 0.19.

Lexington Realty Trust (NYSE:LXP) last announced its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $0.25 earnings per share (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 the consensus estimate of $97.71 million. During the same period in the prior year, the firm posted $0.28 earnings per share. The company’s revenue for the quarter was down 8.1% on a year-over-year basis. equities research analysts expect that Lexington Realty Trust will post 0.95 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio raised its stake in Lexington Realty Trust by 98.4% in the third quarter. Public Employees Retirement System of Ohio now owns 71,813 shares of the real estate investment trust’s stock valued at $734,000 after purchasing an additional 35,611 shares in the last quarter. Eii Capital Management Inc. bought a new position in Lexington Realty Trust during the third quarter valued at approximately $669,000. California Public Employees Retirement System grew its position in Lexington Realty Trust by 7.4% during the third quarter. California Public Employees Retirement System now owns 738,389 shares of the real estate investment trust’s stock valued at $7,546,000 after acquiring an additional 51,042 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in Lexington Realty Trust during the third quarter valued at approximately $692,000. Finally, Capital Bank & Trust Co bought a new position in Lexington Realty Trust during the third quarter valued at approximately $220,000. 73.97% of the stock is currently owned by institutional investors and hedge funds.

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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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