Home Dividends High Dividend Yield Present Change: Lexington Realty Trust (NYSE: LXP)

Present Change: Lexington Realty Trust (NYSE: LXP)

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Lexington Realty Trust is part of the real estate sector and trades as part of the REITs industry. The company CEO is T. Wilson Eglin. Lexington Realty Trust is a REIT that owns a diversified portfolio of equity and debt investments in single-tenant commercial properties. It has equity ownership interests in over 195 consolidated real estate properties, located in around 40 states.

Previous Intraday Trading Performance:

The LXP stock showed a previous change of 2.04% with an open at 9.39 and a close of 9.52. It reached an intraday high of 9.52 and a low of 9.37.

SeekingAlpha:  The Pros And Cons Of Shareholder Dilution

Liquidity:

The stock has a market cap of $2.2b with 234.9m shares outstanding, of which the float is 227.5m shares. Trading volume reached 1,397,876 shares compared to its average volume of 1,464,151 shares. Based on the current average volume and close price, the trading liquidity is bad, highly speculative and an investor may want to avoid this stock.

Historical Trading Performance:

Over the last five trading days, Lexington Realty Trust shares returned 1.17% and in the past 30 trading days it returned 6.25%. Over three months, it changed 7.81%. In one year it has changed 18.31% and within that year its 52-week high was 9.70 and its 52-week low was 7.66. LXP stock is 24.28% above its 52 Week Low.

Our calculations show a 200 day moving average of 8.63 and a 50 day moving average of 9.16. Currently LXP stock is trading 10.36% above its 200 day moving average.

SeekingAlpha:  The Pros And Cons Of Shareholder Dilution

Earnings:

The last annual fiscal EPS for the company was reported at 0.92 that ended on 31st of December 2018, which according to the previous close, that is a PE of 10.35. Based on 5 analyst estimates, the consensus EPS for the next quarter is 0.20. The TTM EPS is 0.84, which comes to a TTM PE of 11.33.

Below was the last reported quarterly diluted earnings per share:

1stQtr of 2019 (Reported on 05/08/2019): 0.11
4thQtr of 2018 (Reported on 02/27/2019): 0.10
3rdQtr of 2018 (Reported on 11/06/2018): 0.90
2ndQtr of 2018 (Reported on 08/08/2018): -0.01
1stQtr of 2018 (Reported on 05/08/2018): -0.07

The dividend per share is currently 0.41, which is a dividend yield of 4.31%. Also, the payout ratio is 48.81%, therefore the dividend is safe according to our calculations. LXP stock has a high dividend yield, but because the company has sufficient earnings to cover future dividends, it may be a good investment opportunity for an income portfolio.

Base on our calculations, the intrinsic value per share is 16.12, which means it is possibly undervalued and has a margin of safety of 40.95%.

Indicators to Watch:

Short-interest was 3,635,592, which was 1.55% of shares outstanding. The short-interest ratio or days-to-cover ratio was 2.37. This stock has some short interest, but it may be normal and no cause for concern if long the position.

The current calculated beta is 0.90.

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Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 22.92%, return on assets is 8.66%, profit margin is 73.86%, price-to-sales is 5.88 and price-to-book is 1.77.

Company Scores:

All scores are out of six:
 5  :Valuation Score
 4  :Past Performance Score
 2  :Financial Strength Score
 0  :Future Growth Score
 4  :Dividend Score
 3  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.