Stock Buzzer: What Next for Lexington Realty Trust Stock After Today’s Big Increase?

Stock Buzzer: What Next for Lexington Realty Trust Stock After Today's Big Increase?

The stock of Lexington Realty Trust (NYSE:LXP) is a huge mover today! About 369,806 shares traded hands. Lexington Realty Trust (NYSE:LXP) has risen 18.19% since April 26, 2016 and is uptrending. It has outperformed by 12.93% the S&P500.
The move comes after 7 months positive chart setup for the $2.50B company. It was reported on Nov, 29 by Barchart.com. We have $10.89 PT which if reached, will make NYSE:LXP worth $75.00 million more.

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 $56.76M for 11.01 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.

Lexington Realty Trust (NYSE:LXP) Ratings Coverage

Out of 5 analysts covering Lexington Realty (NYSE:LXP), 0 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 0 are positive. Lexington Realty has been the topic of 8 analyst reports since September 8, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by Evercore given on Monday, June 13. The firm has “Hold” rating by Jefferies given on Tuesday, July 19. The firm has “Market Perform” rating by Wells Fargo given on Tuesday, December 15. The rating was downgraded by Bank of America on Tuesday, March 29 to “Underperform”. The firm has “Neutral” rating given on Thursday, May 19 by Ladenburg Thalmann. Evercore maintained Lexington Realty Trust (NYSE:LXP) on Tuesday, September 8 with “Buy” rating.

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.”

Insitutional Activity: The institutional sentiment increased to 1.37 in Q2 2016. Its up 0.09, from 1.28 in 2016Q1. The ratio increased, as 21 funds sold all Lexington Realty Trust shares owned while 69 reduced positions. 21 funds bought stakes while 94 increased positions. They now own 167.32 million shares or 0.50% more from 166.50 million shares in 2016Q1.
Hillsdale Inv Mgmt Inc last reported 53,100 shares in the company. Checchi Cap Advisers Ltd Liability has 504 shares for 0% of their US portfolio. State Of Tennessee Treasury Department has 170,006 shares for 0.01% of their US portfolio. Cubist Systematic Strategies reported 28,452 shares or 0.02% of all its holdings. Focused Wealth Mgmt Incorporated has 310 shares for 0% of their US portfolio. Ameriprise Financial last reported 0.01% of its portfolio in the stock. Blackrock Investment Mgmt Llc holds 0.01% or 1.04M shares in its portfolio. Qs Ltd Liability Com accumulated 450,305 shares or 0.04% of the stock. Spirit Of America Mngmt Corp has invested 0.1% of its portfolio in Lexington Realty Trust (NYSE:LXP). Utah Retirement System last reported 0% of its portfolio in the stock. Axa last reported 444,300 shares in the company. Wealthtrust has 3,500 shares for 0.02% of their US portfolio. Trellus Mngmt Limited Liability Corp has 1.15% invested in the company for 69,950 shares. Clinton Grp, a New York-based fund reported 135,986 shares. Nomura Asset Management Ltd holds 134,360 shares or 0.03% of its portfolio.

Insider Transactions: Since June 2, 2016, the stock had 0 insider buys, and 4 insider sales for $1.56 million net activity. Boulerice Beth had sold 7,400 shares worth $71,043 on Thursday, June 2. The insider ROUSE RICHARD J sold $267,575. $489,220 worth of Lexington Realty Trust (NYSE:LXP) shares were sold by EGLIN T WILSON. ROSKIND E ROBERT also sold $532,710 worth of Lexington Realty Trust (NYSE:LXP) shares.

More notable recent Lexington Realty Trust (NYSE:LXP) news were published by: Seekingalpha.com which released: “A Ground Up Perspective Of Lexington Realty Trust” on November 28, 2016, also Therealdeal.com with their article: “LA-based BH Properties to pay $300M-plus for land beneath three NYC hotels” published on September 20, 2016, Globenewswire.com published: “Lexington Realty Trust Sells New York City Land Investments for $338 Million” on September 30, 2016. More interesting news about Lexington Realty Trust (NYSE:LXP) were released by: Prnewswire.com and their article: “Research Reports Coverage on REIT Stocks — CyrusOne, Lexington Realty Trust …” published on November 28, 2016 as well as Globenewswire.com‘s news article titled: “Lexington Realty Trust Obtains $197 Million in Credit Tenant Lease Financing” with publication date: July 20, 2016.

LXP Company Profile

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.

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