Lexington Realty Trust (LXP) Rating Lowered to Hold at ValuEngine

Lexington Realty Trust (NYSE:LXP) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

A number of other research firms have also recently weighed in on LXP. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Lexington Realty Trust in a report on Tuesday, November 28th. Zacks Investment Research cut 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 price objective on shares of Lexington Realty Trust in a report on Tuesday, October 24th. Finally, Evercore ISI cut shares of Lexington Realty Trust from an “outperform” rating to an “in-line” rating in a report on Monday, December 11th. One research analyst has rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Lexington Realty Trust presently has an average rating of “Hold” and a consensus price target of $10.95.

Lexington Realty Trust (NYSE:LXP) traded down $0.09 on Friday, reaching $8.64. 1,472,445 shares of the company’s stock were exchanged, compared to its average volume of 921,899. Lexington Realty Trust has a one year low of $8.57 and a one year high of $11.42. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $2,079.16, a PE ratio of 32.00, a price-to-earnings-growth ratio of 2.14 and a beta of 0.85.

Lexington Realty Trust (NYSE:LXP) last released its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $0.25 earnings per share for the quarter, beating 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 company had revenue of $97.70 million during the quarter, compared to analysts’ expectations of $97.71 million. During the same quarter in the previous year, the company earned $0.28 earnings per share. The firm’s revenue for the quarter was down 8.1% on a year-over-year basis. analysts predict that Lexington Realty Trust will post 0.96 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its stake in shares of Lexington Realty Trust by 3.0% during the second quarter. Public Employees Retirement System of Ohio now owns 36,202 shares of the real estate investment trust’s stock worth $359,000 after purchasing an additional 1,069 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Lexington Realty Trust by 17.6% during the second quarter. PNC Financial Services Group Inc. now owns 23,372 shares of the real estate investment trust’s stock worth $231,000 after purchasing an additional 3,504 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of Lexington Realty Trust by 4.1% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 99,702 shares of the real estate investment trust’s stock worth $988,000 after purchasing an additional 3,919 shares in the last quarter. M&T Bank Corp increased its stake in shares of Lexington Realty Trust by 37.7% during the second quarter. M&T Bank Corp now owns 18,251 shares of the real estate investment trust’s stock worth $180,000 after purchasing an additional 4,994 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in shares of Lexington Realty Trust by 1.1% during the third quarter. Rhumbline Advisers now owns 513,001 shares of the real estate investment trust’s stock worth $5,243,000 after purchasing an additional 5,377 shares in the last quarter. 73.92% of the stock is owned by institutional investors and hedge funds.

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Lexington Realty Trust Company Profile

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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Analyst Recommendations for Lexington Realty Trust (NYSE:LXP)

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