NEW YORK (
) -- The ex-dividend date for
) is tomorrow, September 28, 2011. Owners of shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $6.99 as of 10:05 a.m. ET, the dividend yield is 7.1%.
The average volume for Lexington has been 1.7 million shares per day over the past 30 days. Lexington has a market cap of $1 billion and is part of the
industry. Shares are down 14.8% year to date as of the close of trading on Monday.
Lexington Corporate Properties Trust operates as a self-managed and self-administered real estate investment trust (REIT). The company acquires, owns, and manages a portfolio of office, industrial, and retail properties net-leased to corporate tenants in the United States.
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TheStreet Ratings rates Lexington as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full