If the $13.56 price target is reached, the company will be worth $1.19B more. Its up 10.85% from 1.93M shares, reported previously. (NYSE:CDR) paid annual dividend of $0.05 10 years ago, while the average annual dividend disbursed over the last ten fiscal years is $0.05 per share. The short interest to Cedar Realty Trust Incorporated’s float is 2.75%.
Advertisement
The stock increased 0.43% or $0.03 on April 8, hitting $6.93. After the record date of 2016-02-10, the firm’s shares will trade at ex-dividend rate.
Looking ahead to future earnings growth, analysts are expecting Lexington Realty Trust (NYSE:LXP) to report earnings per share of $0.27 for the quarter ending on 2016-03-31. It has outperformed by 12.21% the S&P500.
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”. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. The Firm owns and operates grocery-anchored shopping centers straddling the Washington DC to Boston corridor. It has 8.69 P/E ratio.
The institutional sentiment increased to 1.97 in 2015 Q3.
The chart of Lexington Realty Trust (LXP) shows a double top with $13.56 target or 58.00% above today’s $8.58 share price. They have a high estimate of $0.22 and a low estimate of $0.19. 24 funds bought stakes while 45 increased positions.
Advertisement
09/28/2015 – Independence Realty Trust, Inc. had its “hold” rating reiterated by analysts at Deutsche Bank. Salzhauer Michael owns 203,853 shares or 1.06% of their US portfolio. Moreover, Bhr Capital Llc has 2.35% invested in the company for 2.23 million shares. The Michigan-based Financial & Investment Management Group Ltd has invested 1.92% in the stock. Bard Associates Inc, a Illinois-based fund reported 212,725 shares.
