Lexington Realty Trust (LXP) Downgraded by ValuEngine to “Hold”

ValuEngine downgraded shares of Lexington Realty Trust (NYSE:LXP) from a buy rating to a hold rating in a research report sent to investors on Friday morning.

LXP has been the subject of several other reports. Zacks Investment Research downgraded Lexington Realty Trust from a buy rating to a hold rating in a research note on Friday, November 10th. Evercore ISI downgraded Lexington Realty Trust from an outperform rating to an in-line rating in a research note on Monday, December 11th. Ladenburg Thalmann Financial Services reissued a hold rating on shares of Lexington Realty Trust in a research note on Tuesday, November 28th. Finally, Jefferies Group reissued a hold rating and issued a $11.00 price objective on shares of Lexington Realty Trust in a research note on Tuesday, October 24th. One research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. The company currently has a consensus rating of Hold and an average target price of $10.95.

Lexington Realty Trust (NYSE:LXP) opened at $8.33 on Friday. Lexington Realty Trust has a 52-week low of $8.31 and a 52-week high of $11.42. The stock has a market capitalization of $2,079.16, a P/E ratio of 9.09, a PEG ratio of 2.14 and a beta of 0.85. 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 posted its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.01. Lexington Realty Trust had a return on equity of 5.29% and a net margin of 17.96%. The firm had revenue of $97.70 million during the quarter, compared to the consensus estimate of $97.71 million. During the same period in the prior year, the company earned $0.28 EPS. The firm’s revenue was down 8.1% compared to the same quarter last year. analysts expect that Lexington Realty Trust will post 0.96 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of LXP. American Century Companies Inc. increased its stake in shares of Lexington Realty Trust by 35.6% in the 3rd quarter. American Century Companies Inc. now owns 2,261,255 shares of the real estate investment trust’s stock worth $23,110,000 after acquiring an additional 593,604 shares during the last quarter. Macquarie Group Ltd. increased its stake in shares of Lexington Realty Trust by 6.3% in the 3rd quarter. Macquarie Group Ltd. now owns 5,633,077 shares of the real estate investment trust’s stock worth $57,570,000 after acquiring an additional 332,341 shares during the last quarter. WINTON GROUP Ltd increased its stake in shares of Lexington Realty Trust by 120.7% in the 2nd quarter. WINTON GROUP Ltd now owns 594,804 shares of the real estate investment trust’s stock worth $5,895,000 after acquiring an additional 325,309 shares during the last quarter. Koch Industries Inc. acquired a new stake in shares of Lexington Realty Trust in the 2nd quarter worth $295,000. Finally, Vanguard Group Inc. increased its stake in shares of Lexington Realty Trust by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 39,946,886 shares of the real estate investment trust’s stock worth $395,874,000 after acquiring an additional 251,811 shares during the last quarter. 73.90% of the stock is owned by hedge funds and other institutional investors.

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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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