Lexington Realty Trust [NYSE: LXP] closed the trading session at $10.76 on 12/18/20. The day’s price range saw the stock hit a low of $10.68, while the highest price level was $11.19. The company report on November 12, 2020 that Lexington Realty Trust Announces Sale Of Dow Chemical Office Property.
Lexington Realty Trust (NYSE:LXP) (“Lexington”), a real estate investment trust (REIT) focused on single-tenant industrial real estate investments, announced that it sold its interest in the Lake Jackson, Texas office property leased to Dow Chemical for $192 million, including the assumption by the buyer of the first mortgage loan secured by the property, which had an unpaid principal balance of $179 million. In connection with the sale, Lexington anticipates it will recognize a $57 million gain on the sale.
In addition, Lexington acquired a 201,784 square foot warehouse/distribution facility on 48 acres in a logistics submarket of Phoenix, Arizona for $88 million. The facility is 100% leased to a leading e-commerce company through March 2033.
The stocks have a year to date performance of 1.32 percent and weekly performance of 1.13 percent. The stock has been moved at 0.75 percent over the last six months. The stock has performed 2.09 percent around the most recent 30 days and changed 5.18 percent over the most recent 3-months.
If compared to the average trading volume of 1.84M shares, LXP reached to a volume of 5355741 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Lexington Realty Trust [LXP]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LXP shares is $12.05 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LXP stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wells Fargo have made an estimate for Lexington Realty Trust shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on December 10, 2020. The new note on the price target was released on November 25, 2020, representing the official price target for Lexington Realty Trust stock. Previously, the target price had yet another raise to $11.50, while Evercore ISI analysts kept a In-line rating on LXP stock. On January 08, 2020, analysts decreased their price target for LXP shares from 11.50 to 10.50.
The Average True Range (ATR) for Lexington Realty Trust is set at 0.27, with the Price to Sales ratio for LXP stock in the period of the last 12 months amounting to 9.35. The Price to Book ratio for the last quarter was 1.64, with the Price to Cash per share for the same quarter was set at 1.00. Price to Free Cash Flow for LXP in the course of the last twelve months was 49.02.
LXP stock trade performance evaluation
Lexington Realty Trust [LXP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.13. With this latest performance, LXP shares gained by 2.09% in over the last four-week period, additionally plugging by 0.75% over the last 6 months – not to mention a rise of 1.51% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LXP stock in for the last two-week period is set at 53.25, with the RSI for the last a single of trading hit 52.29, and the three-weeks RSI is set at 52.65 for Lexington Realty Trust [LXP]. The present Moving Average for the last 50 days of trading for this stock 10.49, while it was recorded at 10.96 for the last single week of trading, and 10.47 for the last 200 days.
Lexington Realty Trust [LXP]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Lexington Realty Trust [LXP] shares currently have an operating margin of +12.40 and a Gross Margin at +41.90. Lexington Realty Trust’s Net Margin is presently recorded at +85.65.
Return on Total Capital for LXP is now 1.37, given the latest momentum, and Return on Invested Capital for the company is 9.81. Return on Equity for this stock inclined to 18.42, with Return on Assets sitting at 9.11. When it comes to the capital structure of this company, Lexington Realty Trust [LXP] has a Total Debt to Total Equity ratio set at 79.26. Additionally, LXP Total Debt to Total Capital is recorded at 44.21, with Total Debt to Total Assets ending up at 42.49. Long-Term Debt to Equity for the company is recorded at 79.14, with the Long-Term Debt to Total Capital now at 41.72.
Reflecting on the efficiency of the workforce at the company, Lexington Realty Trust [LXP] managed to generate an average of $4,903,772 per employee. Receivables Turnover for the company is 9.98 with a Total Asset Turnover recorded at a value of 0.11.
Earnings per share (EPS) analysis for Lexington Realty Trust [LXP] stock
With the latest financial reports released by the company, Lexington Realty Trust posted 0.33/share EPS, while the average EPS was predicted by analysts to be reported at 0.03/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 1,000.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for LXP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Lexington Realty Trust go to 5.00%.
Lexington Realty Trust [LXP]: Insider Ownership positions
There are presently around $2,747 million, or 95.30% of LXP stock, in the hands of institutional investors. The top three institutional holders of LXP stocks are: BLACKROCK INC. with ownership of 48,234,882, which is approximately 1.609% of the company’s market cap and around 1.20% of the total institutional ownership; VANGUARD GROUP INC, holding 43,757,136 shares of the stock with an approximate value of $470.83 million in LXP stocks shares; and FMR LLC, currently with $282.65 million in LXP stock with ownership of nearly -1.953% of the company’s market capitalization.
Positions in Lexington Realty Trust stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 121 institutional holders increased their position in Lexington Realty Trust [NYSE:LXP] by around 8,480,274 shares. Additionally, 121 investors decreased positions by around 14,552,959 shares, while 41 investors held positions by with 232,217,708 shares. The mentioned changes placed institutional holdings at 255,250,941 shares, according to the latest SEC report filing. LXP stock had 33 new institutional investments in for a total of 2,146,590 shares, while 23 institutional investors sold positions of 1,986,565 shares during the same period.