Lexington Realty Trust (NYSE:LXP) shares reached a new 52-week high on Thursday . The stock traded as high as $10.40 and last traded at $10.40, with a volume of 14862 shares trading hands. The stock had previously closed at $10.28.
LXP has been the subject of several research reports. Zacks Investment Research upgraded shares of Lexington Realty Trust from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Saturday, August 3rd. Evercore ISI set a $10.00 target price on shares of Lexington Realty Trust and gave the company a “buy” rating in a research note on Wednesday, August 7th. Finally, Stifel Nicolaus raised shares of Lexington Realty Trust from a “hold” rating to a “buy” rating and raised their target price for the company from $9.50 to $11.00 in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $10.25.
The stock has a 50 day moving average of $9.66. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 10.94, a P/E/G ratio of -20.02 and a beta of 0.89. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.13 and a current ratio of 0.13.
Lexington Realty Trust (NYSE:LXP) last released its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20. Lexington Realty Trust had a net margin of 84.56% and a return on equity of 23.21%. The business had revenue of $80.10 million for the quarter, compared to analyst estimates of $79.61 million. During the same quarter last year, the firm earned $0.25 EPS. Lexington Realty Trust’s quarterly revenue was down 24.2% compared to the same quarter last year. As a group, equities analysts anticipate that Lexington Realty Trust will post 0.79 EPS for the current fiscal year.
In related news, EVP Joseph Bonventre sold 20,000 shares of Lexington Realty Trust stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $9.30, for a total transaction of $186,000.00. Following the transaction, the executive vice president now owns 362,103 shares of the company’s stock, valued at approximately $3,367,557.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.26% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in LXP. Bremer Bank National Association acquired a new stake in Lexington Realty Trust during the 1st quarter worth approximately $37,000. Point72 Asset Management L.P. acquired a new stake in Lexington Realty Trust during the 2nd quarter worth approximately $85,000. Quadrant Capital Group LLC raised its holdings in Lexington Realty Trust by 842.1% during the 1st quarter. Quadrant Capital Group LLC now owns 10,325 shares of the real estate investment trust’s stock worth $91,000 after buying an additional 9,229 shares during the period. Allianz Asset Management GmbH acquired a new stake in Lexington Realty Trust during the 2nd quarter worth approximately $97,000. Finally, Holocene Advisors LP acquired a new stake in Lexington Realty Trust during the 2nd quarter worth approximately $97,000. 86.07% of the stock is currently owned by institutional investors and hedge funds.
Lexington Realty Trust Company Profile (NYSE:LXP)
Lexington Realty Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) that owns a diversified portfolio of real estate assets consisting primarily of equity investments in single-tenant net-leased commercial properties across the United States. Lexington seeks to expand its industrial portfolio through build-to-suit transactions, sale-leaseback transactions and other transactions, including acquisitions.
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