Evercore ISI Downgrades Lexington Realty Trust (LXP) to In-Line

Lexington Realty Trust (NYSE:LXP) was downgraded by Evercore ISI from an “outperform” rating to an “in-line” rating in a research report issued to clients and investors on Monday.

LXP has been the topic of several other reports. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Lexington Realty Trust in a research report on Tuesday, November 28th. KeyCorp reaffirmed a “hold” rating on shares of Lexington Realty Trust in a research report on Sunday, September 24th. Jefferies Group reaffirmed a “hold” rating and set a $11.00 price target on shares of Lexington Realty Trust in a research report on Tuesday, October 24th. DA Davidson initiated coverage on shares of Lexington Realty Trust in a research report on Monday, September 25th. They set a “neutral” rating and a $10.75 price target on the stock. Finally, Zacks Investment Research lowered shares of Lexington Realty Trust from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the company. Lexington Realty Trust presently has an average rating of “Hold” and a consensus target price of $10.79.

Shares of Lexington Realty Trust (NYSE:LXP) opened at $10.03 on Monday. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.73. Lexington Realty Trust has a 1 year low of $9.00 and a 1 year high of $11.42. The stock has a market cap of $2,466.60, a price-to-earnings ratio of 10.79, a price-to-earnings-growth ratio of 2.68 and a beta of 0.96.

Lexington Realty Trust (NYSE:LXP) last posted its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm posted $0.28 earnings per share. The company’s quarterly revenue was down 8.1% compared to the same quarter last year. equities analysts anticipate that Lexington Realty Trust will post 0.95 EPS for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the company. RMR Advisors LLC raised its position in shares of Lexington Realty Trust by 17.7% in the third quarter. RMR Advisors LLC now owns 399,058 shares of the real estate investment trust’s stock valued at $4,078,000 after purchasing an additional 60,000 shares during the period. World Asset Management Inc raised its position in shares of Lexington Realty Trust by 1.0% in the second quarter. World Asset Management Inc now owns 14,014 shares of the real estate investment trust’s stock valued at $139,000 after purchasing an additional 144 shares during the period. Prudential Financial Inc. raised its position in shares of Lexington Realty Trust by 10.6% in the second quarter. Prudential Financial Inc. now owns 2,552,690 shares of the real estate investment trust’s stock valued at $25,297,000 after purchasing an additional 245,469 shares during the period. Forsta AP Fonden raised its position in shares of Lexington Realty Trust by 65.7% in the third quarter. Forsta AP Fonden now owns 174,800 shares of the real estate investment trust’s stock valued at $1,786,000 after purchasing an additional 69,300 shares during the period. Finally, IndexIQ Advisors LLC raised its position in shares of Lexington Realty Trust by 10.4% in the second quarter. IndexIQ Advisors LLC now owns 223,248 shares of the real estate investment trust’s stock valued at $2,212,000 after purchasing an additional 21,116 shares during the period. 73.97% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Lexington Realty Trust (NYSE:LXP)

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