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Sunday, December 6, 2020

The Rejuvenation of Lexington Realty Trust (NYSE:LXP)

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Lexington Realty Trust (LXP) shares are trading at higher $11.58 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $10.65.

To add more color to this target, the company’s high over the last year is $12.08 and the low is $7.86. Over the last 52 weeks, LXP is up 9.56% while the S&P 500 is up 16.12%%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, LXP reported a profit of $24.16 million. Lexington Realty Trust also saw revenues increase to $81.79 million. In addition, LXP has free cash flow of $84.21 million as of 06-2020. The company’s EBITDA came in at $24.16 million which compares well with its peers.

LXP booked profit margins of 79.10%, its Return on Equity (ROE) is 16.00%, and its Return on Assets is 8.00%. All told, it is clear that, LXP needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. LXP has a short ratio of 4.44 and outstanding shares of 276.78M.

Company Outlook

LXP has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.26 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 1.05. Investors should also keep an eye on sector updates as LXP has historically followed its peers on positive news.

All told, Lexington Realty Trust LXP has strung together solid data and demonstrated underlying fundamentals. At its current valuation, LXP represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Lexington Realty Trust LXP is now commanding a market cap of 3.19B and a float of 270.68M. LXP is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of LXP stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in LXP, either long or short, and we have not been compensated for this article.

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