Favorable News Coverage Somewhat Unlikely to Impact Lexington Realty Trust (LXP) Share Price

Headlines about Lexington Realty Trust (NYSE:LXP) have been trending positive this week, Accern reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Lexington Realty Trust earned a media sentiment score of 0.29 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 46.9868514464528 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the news articles that may have impacted Accern’s rankings:

NYSE LXP opened at $7.82 on Friday. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.71. The firm has a market cap of $1,875.58, a P/E ratio of 8.06, a PEG ratio of 2.22 and a beta of 0.88. Lexington Realty Trust has a 1 year low of $7.68 and a 1 year high of $10.65.



Lexington Realty Trust (NYSE:LXP) last posted its quarterly earnings data on Tuesday, February 27th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.01. The business had revenue of $102.17 million during the quarter, compared to the consensus estimate of $100.52 million. Lexington Realty Trust had a net margin of 21.84% and a return on equity of 6.64%. Lexington Realty Trust’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.06 EPS. equities research analysts expect that Lexington Realty Trust will post 0.98 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Thursday, March 29th will be issued a dividend of $0.1775 per share. This represents a $0.71 annualized dividend and a dividend yield of 9.08%. The ex-dividend date is Wednesday, March 28th. Lexington Realty Trust’s dividend payout ratio is currently 73.20%.

LXP has been the subject of several recent research reports. ValuEngine downgraded shares of Lexington Realty Trust from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Zacks Investment Research raised shares of Lexington Realty Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, March 21st. Wells Fargo decreased their target price on shares of Lexington Realty Trust from $11.00 to $9.00 and set a “market perform” rating for the company in a research report on Monday, March 19th. JPMorgan Chase decreased their target price on shares of Lexington Realty Trust from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, Barclays decreased their target price on shares of Lexington Realty Trust from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Tuesday, March 20th. Two investment analysts have rated the stock with a sell rating and ten have given a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $10.22.

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About Lexington Realty Trust

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.

Insider Buying and Selling by Quarter for Lexington Realty Trust (NYSE:LXP)

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