Somewhat Positive Media Coverage Somewhat Unlikely to Impact Lexington Realty Trust (LXP) Share Price

News headlines about Lexington Realty Trust (NYSE:LXP) have been trending somewhat positive recently, according to Accern Sentiment. The research group rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Lexington Realty Trust earned a news sentiment score of 0.25 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 46.2122362224313 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Several research firms have weighed in on LXP. DA Davidson began coverage on shares of Lexington Realty Trust in a report on Monday, September 25th. They issued a “neutral” rating and a $10.75 target price on the stock. KeyCorp reiterated a “hold” rating on shares of Lexington Realty Trust in a report on Sunday, September 24th. Zacks Investment Research lowered shares of Lexington Realty Trust from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Lexington Realty Trust in a report on Tuesday, November 28th. Finally, Jefferies Group reiterated a “hold” rating and issued a $11.00 target price on shares of Lexington Realty Trust in a report on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $10.79.

Shares of Lexington Realty Trust (NYSE:LXP) traded down $0.03 during mid-day trading on Friday, hitting $9.65. 945,429 shares of the stock traded hands, compared to its average volume of 1,004,325. 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 has a 52-week low of $9.00 and a 52-week high of $11.42. The firm has a market cap of $2,329.43, a price-to-earnings ratio of 35.74, a P/E/G ratio of 2.53 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 the consensus estimate 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 period in the prior year, the business posted $0.28 EPS. The business’s revenue for the quarter was down 8.1% compared to the same quarter last year. analysts forecast that Lexington Realty Trust will post 0.96 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be issued a $0.1775 dividend. This is a positive change from Lexington Realty Trust’s previous quarterly dividend of $0.18. This represents a $0.71 annualized dividend and a dividend yield of 7.36%. The ex-dividend date of this dividend is Thursday, December 28th. Lexington Realty Trust’s dividend payout ratio is currently 262.96%.

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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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