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

News headlines about Lexington Realty Trust (NYSE:LXP) have been trending positive on Tuesday, according to Accern Sentiment. The research firm scores the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Lexington Realty Trust earned a daily sentiment score of 0.28 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 48.2213400870425 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Shares of Lexington Realty Trust (NYSE LXP) traded up $0.09 during mid-day trading on Tuesday, hitting $10.58. 884,162 shares of the company were exchanged, compared to its average volume of 1,084,555. The stock has a market cap of $2,550.00, a PE ratio of 11.12, a P/E/G ratio of 2.76 and a beta of 0.95. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.73. Lexington Realty Trust has a 12 month low of $9.00 and a 12 month high of $11.42.

Lexington Realty Trust (NYSE:LXP) last announced its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. The company had revenue of $97.70 million for the quarter, compared to analysts’ expectations of $97.71 million. Lexington Realty Trust had a net margin of 17.96% and a return on equity of 5.29%. Lexington Realty Trust’s revenue was down 8.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.28 EPS. sell-side analysts anticipate that Lexington Realty Trust will post 0.96 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be paid a dividend of $0.1775 per share. This is a boost from Lexington Realty Trust’s previous quarterly dividend of $0.18. This represents a $0.71 dividend on an annualized basis and a dividend yield of 6.71%. The ex-dividend date is Thursday, December 28th. Lexington Realty Trust’s dividend payout ratio is presently 241.38%.

A number of research analysts have weighed in on LXP shares. BidaskClub cut shares of Lexington Realty Trust from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Zacks Investment Research upgraded shares of Lexington Realty Trust from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Thursday, August 3rd. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Lexington Realty Trust in a research note on Thursday, August 17th. KeyCorp reiterated a “hold” rating on shares of Lexington Realty Trust in a research note on Sunday, September 24th. Finally, DA Davidson started coverage on shares of Lexington Realty Trust in a research note on Monday, September 25th. They issued a “neutral” rating and a $10.75 target price on the stock. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $10.79.

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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.

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