December 1, 2016 - By Hazel Jackson · 0 Comments
Lexington Realty Trust (NYSE:LXP) institutional sentiment increased to 1.37 in 2016 Q2. Its up 0.09, from 1.28 in 2016Q1. The ratio is better, as 115 active investment managers started new or increased stock positions, while 90 sold and decreased positions in Lexington Realty Trust. The active investment managers in our partner’s database now hold: 167.32 million shares, up from 166.50 million shares in 2016Q1. Also, the number of active investment managers holding Lexington Realty Trust in their top 10 stock positions increased from 3 to 5 for an increase of 2. Sold All: 21 Reduced: 69 Increased: 94 New Position: 21.
Lexington Realty Trust is a self-managed and self-administered real estate investment trust . The company has a market cap of $2.46 billion. The Firm owns a portfolio of equity and debt investments in single-tenant properties and land. It has a 23.95 P/E ratio. The Company’s segment is single-tenant real estate assets.
The stock decreased 1.81% or $0.19 during the last trading session, hitting $10.33. Lexington Realty Trust (NYSE:LXP) has risen 16.33% since April 28, 2016 and is uptrending. It has outperformed by 10.40% the S&P500.
Analysts await Lexington Realty Trust (NYSE:LXP) to report earnings on February, 28. They expect $0.24 earnings per share, down 17.24% or $0.05 from last year’s $0.29 per share. LXP’s profit will be $57.15 million for 10.76 P/E if the $0.24 EPS becomes a reality. After $0.28 actual earnings per share reported by Lexington Realty Trust for the previous quarter, Wall Street now forecasts -14.29% negative EPS growth.
According to Zacks Investment Research, “LEXINGTON CORP PROPERTIES INC is a real estate investment trust engaged in the ownership, operation, management of a diverse portfolio of real properties.”
Cutler Capital Management Llc holds 4.79% of its portfolio in Lexington Realty Trust for 1.71 million shares. Shikiar Asset Management Inc owns 948,975 shares or 4.28% of their US portfolio. Moreover, Doheny Asset Management Ca has 3.53% invested in the company for 695,534 shares. The California-based Kestrel Investment Management Corp has invested 3.3% in the stock. Community Bank Of Raymore, a Missouri-based fund reported 663,600 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 4 selling transactions for $1.56 million net activity.
Ratings analysis reveals 0 of Lexington Realty’s analysts are positive. Out of 5 Wall Street analysts rating Lexington Realty, 0 give it “Buy”, 1 “Sell” rating, while 4 recommend “Hold”. The lowest target is $8 while the high is $10. The stock’s average target of $9 is -12.88% below today’s ($10.33) share price. LXP was included in 8 notes of analysts from September 8, 2015. The rating was downgraded by Bank of America on Tuesday, March 29 to “Underperform”. Evercore downgraded Lexington Realty Trust (NYSE:LXP) on Monday, June 13 to “Hold” rating. The company was downgraded on Tuesday, December 15 by Wells Fargo. The firm has “Buy” rating given on Tuesday, September 8 by Evercore. The firm has “Neutral” rating given on Thursday, May 19 by Ladenburg Thalmann. The stock has “Hold” rating given by Jefferies on Tuesday, July 19.
Lexington Realty Trust, incorporated on December 23, 1997, is a self-managed and self-administered real estate investment trust (REIT). The Firm owns a portfolio of equity and debt investments in single-tenant properties and land. The Company’s segment is single-tenant real estate assets. The Firm also provides investment advisory and asset management services to investors in the single-tenant area. The Firm has equity ownership interests in approximately 215 consolidated real estate properties, located in over 40 states and containing an aggregate of approximately 42.3 million square feet of space, approximately 96.8% of which was leased.
More notable recent Lexington Realty Trust (NYSE:LXP) news were published by: Therealdeal.com which released: “Lexington Realty Trust sells Playboy Plus building for $19.2M: sources” on November 30, 2016, also Seekingalpha.com with their article: “A Ground Up Perspective Of Lexington Realty Trust” published on November 28, 2016, Therealdeal.com published: “LA-based BH Properties to pay $300M-plus for land beneath three NYC hotels” on September 20, 2016. More interesting news about Lexington Realty Trust (NYSE:LXP) were released by: Globenewswire.com and their article: “Lexington Realty Trust Sells New York City Land Investments for $338 Million” published on September 30, 2016 as well as Seekingalpha.com‘s news article titled: “Lexington Realty Trust’s (LXP) CEO Will Eglin on Q3 2016 Results – Earnings …” with publication date: November 06, 2016.
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By Hazel Jackson