Lexington Realty Trust (NYSE:LXP) saw an upside of 1.64% to close Monday at $14.26 after adding $0.23 on the day. The 5-day average trading volume is 2,133,140 shares of the company’s common stock. It has gained $14.28 in the past week. An average of 2,272,315 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,053,152.
LXP’s 1-month performance is 4.62% or $0.63 on its low of $12.61 reached on 09/28/21. The company’s shares have touched a 52-week low of $9.82 and high of $14.10, with the stock’s rally to the 52-week high happening on 10/11/21. YTD, LXP has achieved 34.27% or $3.64. However, the current price is up 1.13%% from the 52-week high price.
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The company’s PE ratio for the last five years has touched a high of 156.83 and a low of 7.25. LXP stock has a beta of 0.65. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 11.38 while the price-to-book (PB) in the most recent quarter is 2.03, with the price to cash flow ratio at 48.83.
Lexington Realty Trust pays an annual dividend of $0.43 per share. Its dividend yield is 3.02% and the payout ratio is 46.20%. LXP paid $0.1080 a share compared with prior rate of $0.1075, up 0.46% from last year’s. The company has boosted its dividend for the last 2 consecutive years with the latest dividend increase of $0.0005 reported on Wednesday September 15 2021. Measured over the last 3 years, the Dividend has been growing by -39.86% yearly.
It is projected that Lexington Realty Trust’s next ex-dividend date will be on 29-Nov-2021. LXP is expected to distribute $0.1075 as its next dividend.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.76, while the total debt to equity was 0.76. In terms of profitability, the gross margin trailing 12 months is 88.30%. while for the period ending June 29; Lexington Realty Trust’s operating margin was 31.40%. The firm’s gross profit as reported stood at $96.57 million against revenue of $330.45 million.
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected LXP to announce $0.03 per share in earnings in its latest quarter, but it posted $0.26, representing a 766.70% surprise. EBITDA for the quarter stood at more than $18.96 million. LXP stock balance sheet for the quarter ending June 29 shows that, with total debt at $1.5 billion. Shareholders hold equity totaling $277.67 million
Let’s look briefly at Lexington Realty Trust (LXP) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 77.68% to suggest the stock is trending Overbought, with historical volatility in this time period at 20.84%.
The stock’s 5-day moving average is $13.76, reflecting a +10.37% or $1.34 change from its current price. LXP is currently trading +3.94% above its 20-day SMA, +17.75% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +8.44% and +33.77% respectively.
Stochastic %K and %D was 94.50% and 88.51% and the average true range (ATR) pointed at 0.31. The RSI (14) points at 70.49%, while the 14-day stochastic is at 98.80% with the period’s ATR at 0.29. The stock’s 9-day MACD Oscillator is pointing at 0.65 and 0.79 on the 14-day charts.
In the most recent analyst report for Lexington Realty Trust (NYSE: LXP), KeyBanc Capital Markets upgraded it to an Overweight rating. They previously had a Sector weight rating on the stock. Analysts offering their rating for LXP stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate LXP as a “sell,”, while 1 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.
What is LXP’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $11.00 and a high of $16.00, with their median price target at $15.00. Looking at these predictions, the average price target given by analysts is for Lexington Realty Trust (LXP) stock is $14.60.