News articles about Lexington Realty Trust (NYSE:LXP) have been trending somewhat positive this week, Alpha One reports. Alpha One, a service of Accern, rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Lexington Realty Trust earned a media sentiment score of 0.08 on Alpha One’s scale. Alpha One also assigned news articles about the real estate investment trust an impact score of 48 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have effected Alpha One’s analysis:
- Lexington Realty Trust (LXP) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com)
- E Robert Roskind Sells 70,000 Shares of Lexington Realty Trust (LXP) Stock (americanbankingnews.com)
- Lexington Realty Trust (LXP) Rating Reiterated by Ladenburg Thalmann Financial Services (americanbankingnews.com)
- Should You Buy Lexington Realty Trust (NYSE:LXP) On Current Analyst Views? (bulhufas.com)
- Lexington Realty Trust (LXP) to Post FY2018 Earnings of $1.05 Per Share, KeyCorp Forecasts (americanbankingnews.com)
Several equities analysts have weighed in on LXP shares. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Lexington Realty Trust in a report on Thursday. Zacks Investment Research lowered shares of Lexington Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, April 11th. Finally, Barclays PLC lowered shares of Lexington Realty Trust from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $11.00 to $10.00 in a report on Monday, January 23rd. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $10.33.
Lexington Realty Trust (NYSE:LXP) traded down 0.32% during trading on Friday, reaching $9.49. 1,361,368 shares of the company’s stock traded hands. The firm has a 50 day moving average of $10.05 and a 200 day moving average of $10.40. The firm has a market capitalization of $2.28 billion, a PE ratio of 28.08 and a beta of 0.94. Lexington Realty Trust has a 1-year low of $9.00 and a 1-year high of $11.42.
Lexington Realty Trust (NYSE:LXP) last released its quarterly earnings results on Tuesday, May 9th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by $0.01. Lexington Realty Trust had a return on equity of 7.95% and a net margin of 24.89%. The firm had revenue of $96.10 million for the quarter, compared to analyst estimates of $94.72 million. During the same period in the prior year, the business earned $0.30 earnings per share. Lexington Realty Trust’s revenue for the quarter was down 13.9% on a year-over-year basis. Equities analysts forecast that Lexington Realty Trust will post $0.31 EPS for the current year.
In other Lexington Realty Trust news, Chairman E Robert Roskind sold 70,000 shares of the firm’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $9.54, for a total transaction of $667,800.00. Following the sale, the chairman now directly owns 792,435 shares of the company’s stock, valued at approximately $7,559,829.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.30% of the stock is owned by company insiders.
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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