Lexington Realty Trust stated on March 15, 2023 that its Board of Directors declared regular quarterly dividend $0.12 per share ($0.50 annualized). Previously, the company paid $0.12 per share.
The shares must have been purchased before the ex-split date of March 30, 2023, to qualify for the dividend. Shareholders of record through March 31, 2023 will receive the payment on April 17, 2023.
At the current share price of $9.95/share, the stock’s dividend yield is 5.03%. Looking back five years and taking a sample every week, the average dividend yield has been 4.85%, with a low of 2.89%, and a high of 9.27%. The standard deviation of the yield is 1.84 (n=236).
The current dividend yield is 0.10 standard deviations from the historical average.
Additionally, the company has a dividend payout ratio of 1.29. The payout ratio tells us how much of a company’s earnings is paid out in dividends. A payout ratio of one (1.0) means that 100% of the company’s earnings are paid out in dividends. A payout ratio greater than one means the company is dipping into savings to maintain its dividend — not a healthy situation. Companies with some growth potential are expected to pay out most of their earnings in dividends, which typically have a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some of the earnings to invest in those growth prospects, which translates into a payout ratio of zero to 0.5.
The company’s 3-year dividend growth rate is 0.19%, indicating that it has increased its dividend over time.
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Analyst Price Forecast Indicates 17.89% Upside
By March 17, 2023, average one year price target for Lexington Realty Trust is $11.73. Forecasts range from a low of $10.10 to a high of $13.65. The average price target represents an increase of 17.89% from its latest reported closing price of $9.95.
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The estimated annual revenue for Lexington Realty Trust is $345MM, an increase of 7.44%. Estimated Annual Non-GAAP eps
What is Fund Sentiment?
there are Reporting of 606 fund or institution positions In Lexington Realty Trust. This is a decrease of 18 owners or 2.88% from the previous quarter. average portfolio weight of all funds 0.21% is dedicated to LXP, an increase of 4.85%. Total shares owned by institutions increased by 3.81% to 317,120K shares in the last three months. put/call ratio LXP has a value of 0.28, which indicates a bullish outlook.
What are the big shareholders doing?
IJR – iShares Core S&P Small-Cap ETF
The company holds 20,431K shares representing 6.98% ownership. In its prior filing, the firm reported representing 20,459K shares.
of 0.13%. Firm
fell short of
Its portfolio allocation in LXP is higher by 0.62% as compared to the previous quarter.
VGSIX – Vanguard Real Estate Index Fund Investor Shares
The company holds 12,992K shares representing 4.44% ownership. In its prior filing, the firm reported holdings representing 13,102K shares.
of 0.85%. Firm
Its portfolio allocation in LXP is higher by 5.37% as compared to the previous quarter.
The company holds 11,953K shares representing 4.09% ownership. In its prior filing, the firm reported holdings representing 11,331K shares.
of 5.21%. Firm
fell short of
Its portfolio allocation in LXP is higher by 60.00% as compared to the previous quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
The company holds 8,489K shares representing 2.90% ownership. In its prior filing, the firm reported representing 8,322K shares.
of 1.97%. Firm
Its portfolio allocation in LXP is down by 3.05% as compared to the previous quarter.
Long Pond Capital
The company holds 8,316K shares representing 2.84% ownership. In its prior filing, the firm reported representing 10,438K shares.
of 25.51%. Firm
fell short of
Its portfolio allocation in LXP is higher by 8.91% as compared to the previous quarter.
LXP Industrial Trust Background Information
(This description is provided by the company.)
Lexington Realty Trust is a publicly traded real estate investment trust (REIT) focused on single-tenant industrial real estate investments throughout the United States. Lexington seeks to expand its industrial portfolio through build-to-suit transactions, sale-leaseback transactions, development projects and acquisitions, among other transactions.
This story originally appeared on fintail,
The views and opinions expressed here are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.