Brokerages expect Lexington Realty Trust (NYSE:LXP) to announce earnings per share of $0.20 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Lexington Realty Trust’s earnings, with the highest EPS estimate coming in at $0.21 and the lowest estimate coming in at $0.20. Lexington Realty Trust reported earnings per share of $0.24 in the same quarter last year, which suggests a negative year-over-year growth rate of 16.7%. The business is scheduled to announce its next earnings report on Tuesday, November 5th.
On average, analysts expect that Lexington Realty Trust will report full year earnings of $0.79 per share for the current year, with EPS estimates ranging from $0.78 to $0.81. For the next year, analysts expect that the business will post earnings of $0.76 per share, with EPS estimates ranging from $0.72 to $0.80. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Lexington Realty Trust.
Lexington Realty Trust (NYSE:LXP) last announced its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.20. Lexington Realty Trust had a return on equity of 23.21% and a net margin of 84.56%. The business had revenue of $80.10 million for the quarter, compared to analyst estimates of $79.61 million. During the same quarter last year, the firm earned $0.25 EPS. Lexington Realty Trust’s revenue for the quarter was down 24.2% compared to the same quarter last year.
A number of brokerages recently issued reports on LXP. Wells Fargo & Co lowered Lexington Realty Trust from an “outperform” rating to a “market perform” rating and set a $10.50 target price on the stock. in a research report on Monday, August 26th. Stifel Nicolaus raised Lexington Realty Trust from a “hold” rating to a “buy” rating and boosted their price target for the stock from $9.50 to $11.00 in a research report on Wednesday, August 7th. Zacks Investment Research lowered Lexington Realty Trust from a “buy” rating to a “sell” rating in a research report on Wednesday. Finally, Evercore ISI set a $10.00 price target on Lexington Realty Trust and gave the stock a “buy” rating in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Lexington Realty Trust has an average rating of “Hold” and a consensus target price of $10.63.
Lexington Realty Trust stock remained flat at $$10.48 during midday trading on Friday. The company had a trading volume of 2,149,593 shares, compared to its average volume of 1,982,805. The company’s fifty day moving average is $10.28 and its two-hundred day moving average is $9.64. Lexington Realty Trust has a 1-year low of $7.66 and a 1-year high of $10.67. The stock has a market capitalization of $2.46 billion, a PE ratio of 10.92, a P/E/G ratio of -20.11 and a beta of 0.85. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.42.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $0.102 per share. This represents a $0.41 annualized dividend and a dividend yield of 3.89%. The ex-dividend date is Friday, September 27th. Lexington Realty Trust’s dividend payout ratio (DPR) is 42.71%.
Several large investors have recently bought and sold shares of the business. Federated Investors Inc. PA acquired a new position in shares of Lexington Realty Trust during the 1st quarter worth approximately $5,630,000. Jennison Associates LLC acquired a new position in shares of Lexington Realty Trust during the 1st quarter worth approximately $621,000. Citigroup Inc. increased its holdings in shares of Lexington Realty Trust by 13.8% during the 1st quarter. Citigroup Inc. now owns 251,286 shares of the real estate investment trust’s stock worth $2,277,000 after acquiring an additional 30,473 shares during the last quarter. ClariVest Asset Management LLC acquired a new position in shares of Lexington Realty Trust during the 1st quarter worth approximately $1,878,000. Finally, Marshall Wace North America L.P. acquired a new position in shares of Lexington Realty Trust during the 1st quarter worth approximately $105,000. 87.72% of the stock is currently owned by hedge funds and other institutional investors.
About Lexington Realty Trust
Lexington Realty Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) that owns a diversified portfolio of real estate assets consisting primarily of equity investments in single-tenant net-leased commercial properties across the United States. Lexington seeks to expand its industrial portfolio through build-to-suit transactions, sale-leaseback transactions and other transactions, including acquisitions.
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