Price Action Don’t Lie: What Next for Lexington Realty Trust Stock After Today’s Significant Decline?

Price Action Don't Lie: What Next for Lexington Realty Trust Stock After Today's Significant Decline?

The stock of Lexington Realty Trust (NYSE:LXP) is a huge mover today! The stock decreased 2.31% or $0.23 on October 5, hitting $9.72. Lexington Realty Trust (NYSE:LXP) has risen 21.94% since March 2, 2016 and is uptrending. It has outperformed by 13.68% the S&P500.
The move comes after 8 months negative chart setup for the $2.31B company. It was reported on Oct, 6 by We have $9.04 PT which if reached, will make NYSE:LXP worth $161.70M less.

Analysts await Lexington Realty Trust (NYSE:LXP) to report earnings on November, 3. They expect $0.26 EPS, down 3.70% or $0.01 from last year’s $0.27 per share. LXP’s profit will be $61.79M for 9.35 P/E if the $0.26 EPS becomes a reality. After $0.29 actual EPS reported by Lexington Realty Trust for the previous quarter, Wall Street now forecasts -10.34% 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. Ladenburg Thalmann downgraded Lexington Realty Trust (NYSE:LXP) on Thursday, May 19 to “Neutral” rating. On Tuesday, September 8 the stock rating was maintained by Evercore with “Buy”. The stock of Lexington Realty Trust (NYSE:LXP) has “Hold” rating given on Tuesday, July 19 by Jefferies. The company was downgraded on Tuesday, December 15 by Wells Fargo. Bank of America downgraded the shares of LXP in a report on Tuesday, March 29 to “Underperform” rating. The firm has “Hold” rating by Evercore given on Monday, June 13.

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 decreased to 1.28 in Q2 2016. Its down 0.15, from 1.43 in 2016Q1. The ratio dropped, 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.
Cibc Asset Mngmt, a Ontario – Canada-based fund reported 25,989 shares. Spot Trading Ltd Liability last reported 5,881 shares in the company. Creative Planning accumulated 111 shares or 0% of the stock. Ruggie Cap Grp last reported 1,655 shares in the company. Price T Rowe Md holds 0% or 104,267 shares in its portfolio. Eventide Asset Ltd Liability Corporation holds 0.01% of its portfolio in Lexington Realty Trust (NYSE:LXP) for 14,500 shares. Doheny Asset Mngmt Ca reported 695,534 shares or 3.53% of all its holdings. State Board Of Administration Of Florida Retirement Systems holds 235,824 shares or 0.01% of its portfolio. Aqr Cap Mgmt Limited Liability Corp has 0.01% invested in the company for 303,045 shares. Aperio Ltd Liability Corporation holds 0% of its portfolio in Lexington Realty Trust (NYSE:LXP) for 56,812 shares. First Manhattan last reported 16,500 shares in the company. Lsv Asset Mgmt accumulated 11.89M shares or 0.25% of the stock. The Utah-based Utah Retirement Sys has invested 0% in Lexington Realty Trust (NYSE:LXP). Independent Consultants has invested 0.06% of its portfolio in Lexington Realty Trust (NYSE:LXP). Tudor Investment Corp Et Al has invested 0% of its portfolio in Lexington Realty Trust (NYSE:LXP).

Insider Transactions: Since May 10, 2016, the stock had 0 buys, and 7 selling transactions for $1.85 million net activity. On Friday, June 10 EGLIN T WILSON sold $489,220 worth of the stock or 50,000 shares. Boulerice Beth sold $71,043 worth of Lexington Realty Trust (NYSE:LXP) on Thursday, June 2. Bonventre Joseph had sold 13,979 shares worth $129,446 on Tuesday, May 10. $91,775 worth of shares were sold by ROUSE RICHARD J on Tuesday, May 17. Shares for $532,710 were sold by ROSKIND E ROBERT.

More notable recent Lexington Realty Trust (NYSE:LXP) news were published by: which released: “LA-based BH Properties to pay $300M-plus for land beneath three NYC hotels” on September 20, 2016, also with their article: “Lexington Realty Trust Sells NYC Land Investments For $338M” published on October 04, 2016, published: “Lexington Realty Trust Reports Second Quarter 2016 Results” on August 09, 2016. More interesting news about Lexington Realty Trust (NYSE:LXP) were released by: and their article: “Lexington Realty Trust Boosts Yield To 7%” published on September 19, 2016 as well as‘s news article titled: “Lexington Realty Trust’s (LXP) CEO Will Eglin on Q2 2016 Results – Earnings …” with publication date: August 09, 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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