Wall Street analysts forecast that Lexington Realty Trust (NYSE:LXP) will announce $0.20 earnings per share for the current quarter, Zacks reports. Four analysts have issued estimates for Lexington Realty Trust’s earnings. The highest EPS estimate is $0.20 and the lowest is $0.19. Lexington Realty Trust reported earnings of $0.25 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 20%. The firm is expected to announce its next quarterly earnings report on Wednesday, August 14th.
On average, analysts expect that Lexington Realty Trust will report full year earnings of $0.78 per share for the current fiscal year, with EPS estimates ranging from $0.75 to $0.79. For the next fiscal year, analysts anticipate that the company will report earnings of $0.77 per share, with EPS estimates ranging from $0.72 to $0.82. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Lexington Realty Trust.
Lexington Realty Trust (NYSE:LXP) last issued its quarterly earnings data on Wednesday, May 8th. The real estate investment trust reported $0.11 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.10). Lexington Realty Trust had a net margin of 72.14% and a return on equity of 21.72%. The firm had revenue of $81.25 million for the quarter, compared to the consensus estimate of $80.70 million. During the same period last year, the company posted $0.25 earnings per share. The business’s revenue was down 21.0% on a year-over-year basis.
A number of equities analysts recently issued reports on the stock. Stifel Nicolaus raised shares of Lexington Realty Trust from a “sell” rating to a “hold” rating and set a $9.15 price target for the company in a research note on Tuesday, May 28th. Zacks Investment Research raised shares of Lexington Realty Trust from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research note on Friday, May 10th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Lexington Realty Trust presently has an average rating of “Buy” and an average price target of $9.29.
LXP stock traded up $0.02 during trading on Thursday, reaching $9.24. The company had a trading volume of 38,463 shares, compared to its average volume of 1,832,499. Lexington Realty Trust has a 52 week low of $7.66 and a 52 week high of $9.88. The stock has a market cap of $2.24 billion, a P/E ratio of 9.60, a P/E/G ratio of 13.63 and a beta of 0.89. The business’s 50 day moving average price is $9.31. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.22 and a current ratio of 0.22.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a $0.102 dividend. This represents a $0.41 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date of this dividend is Thursday, June 27th. Lexington Realty Trust’s payout ratio is currently 42.71%.
In related news, EVP Joseph Bonventre sold 20,000 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $9.30, for a total value of $186,000.00. Following the completion of the transaction, the executive vice president now directly owns 362,103 shares of the company’s stock, valued at $3,367,557.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.26% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. Bremer Trust National Association purchased a new stake in Lexington Realty Trust in the fourth quarter worth about $34,000. Bremer Bank National Association purchased a new stake in Lexington Realty Trust in the first quarter worth about $37,000. Quadrant Capital Group LLC grew its holdings in Lexington Realty Trust by 842.1% in the first quarter. Quadrant Capital Group LLC now owns 10,325 shares of the real estate investment trust’s stock worth $91,000 after purchasing an additional 9,229 shares during the period. NumerixS Investment Technologies Inc purchased a new stake in Lexington Realty Trust in the fourth quarter worth about $95,000. Finally, Parametrica Management Ltd purchased a new stake in Lexington Realty Trust in the first quarter worth about $100,000. 85.19% of the stock is owned by institutional investors.
Lexington Realty Trust Company Profile
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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