Lexington Realty Trust (NYSE:LXP) Assigned A Consensus Hold Rating
Lexington Realty Trust (NYSE:LXP) stock is presently standing at about $9.95 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 6 analysts covering the company is $10.50, which suggests the stock could still rise over 5 percent. The highest analyst price target is $11.25, which implies a rally of 87 percent. And a quick view of analyst notes show that 0 are rating the stock a buy while 0 rate LXP a strong buy. There are 7 equity research firms advocating a Hold and 0 consider it Sell.
Barclays analysts provided their view on Lexington Realty Trust (NYSE:LXP) recently. The rating firm issued a Underweight rating to this company in a research note released on Jan 23, 2017. Jefferies analysts disclosed their opinion on Lexington Realty Trust (NYSE:LXP) recently. The rating firm gave a Hold rating to this stock in a research note published on Jul 19, 2016. According to a research note disclosed on May 19, 2016, analysts at Ladenburg Thalmann have lowered their rating on these shares from Buy to Neutral.
Lexington Realty Trust (NYSE:LXP) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its EVP, Gen Counsel & Secretary Bonventre Joseph sold 5,000 company shares for 52500, in a transaction on 2016-12-15. Following the transaction, the EVP, Gen Counsel & Secretary is left with a stake of 356,438 shares, currently valued at $3546558. Meanwhile, CEO and President EGLIN T WILSON sold 25,000 shares worth $267500, through a transaction dated 2016-08-22. Following the completion of the transaction, the insider is left with a stake of 2,038,528 shares, amounting $20283353.6. LXP Chairman ROSKIND E ROBERT also sold 50,000 shares, at a stock price of $10.65. This transaction occurred on 2016-08-22 totals $532500. After this transaction, the insider’s stake stands at 900,420 shares, with a market value of $8959179.
Executives hold 2.73 percent of the stock. T. Wilson Eglin is one of the biggest insider owners in Lexington Realty Trust (NYSE:LXP), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 2,247,421 shares which have current market value of around $22361838.95.Patrick Carroll is another major inside shareholder in the company. The insider owns 872,083 shares as of 0.36%, currently worth $8677225.85. E. Robert Roskind is ranked as third insider holder of the stock. This insider holds 862,435 shares with a market value around $8581228.25 as of recent close.
Lexington Realty Trust (NYSE:LXP) Earnings Outlook
In Lexington Realty Trust (NYSE:LXP)’s latest quarter, revenues reached at $95.33M compared to $106.33M. Analysts had expected Lexington Realty Trust (NYSE:LXP) to post $94.63M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.05 to $0.07.