Lexington Realty Trust (LXP) Earns Daily Coverage Optimism Rating of 0.08

Media headlines about Lexington Realty Trust (NYSE:LXP) have trended somewhat positive this week, AlphaOne Sentiment reports. The research firm, a subsidiary of Accern, scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Lexington Realty Trust earned a media sentiment score of 0.08 on AlphaOne’s scale. AlphaOne also assigned media coverage about the real estate investment trust an impact score of 48 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the news headlines that may have impacted AlphaOne Sentiment’s scoring:

Shares of Lexington Realty Trust (NYSE:LXP) traded down 0.32% on Friday, reaching $9.49. 1,361,368 shares of the company traded hands. Lexington Realty Trust has a 1-year low of $9.00 and a 1-year high of $11.42. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 28.08 and a beta of 0.94. The company has a 50-day moving average of $10.05 and a 200-day moving average of $10.40.

Lexington Realty Trust (NYSE:LXP) last released its earnings results on Tuesday, May 9th. The real estate investment trust reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $96.10 million for the quarter, compared to analysts’ expectations of $94.72 million. Lexington Realty Trust had a return on equity of 7.95% and a net margin of 24.89%. The firm’s revenue for the quarter was down 13.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 EPS. Analysts anticipate that Lexington Realty Trust will post $0.31 earnings per share for the current fiscal year.

Several equities research analysts have recently commented on LXP shares. Zacks Investment Research upgraded Lexington Realty Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, April 5th. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Lexington Realty Trust in a report on Monday, March 20th. Finally, Barclays PLC downgraded shares of Lexington Realty Trust from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $11.00 to $10.00 in a report on Monday, January 23rd. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $10.33.

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In other news, Chairman E Robert Roskind sold 70,000 shares of the business’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $9.54, for a total transaction of $667,800.00. Following the completion of the sale, the chairman now owns 792,435 shares of the company’s stock, valued at $7,559,829.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.30% of the stock is owned by insiders.

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.

5 Day Chart for NYSE:LXP

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