Analysts Anticipate Lexington Realty Trust (LXP) to Announce $0.25 Earnings Per Share

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Wall Street analysts expect that Lexington Realty Trust (NYSE:LXP) will announce $0.25 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Lexington Realty Trust’s earnings, with the highest EPS estimate coming in at $0.25 and the lowest estimate coming in at $0.24. Lexington Realty Trust reported earnings per share of $0.23 in the same quarter last year, which would suggest a positive year over year growth rate of 8.7%. The company is expected to announce its next quarterly earnings results on Tuesday, August 14th.

According to Zacks, analysts expect that Lexington Realty Trust will report full-year earnings of $0.98 per share for the current financial year, with EPS estimates ranging from $0.97 to $0.99. For the next fiscal year, analysts forecast that the firm will post earnings of $0.96 per share, with EPS estimates ranging from $0.89 to $1.00. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Lexington Realty Trust.

Lexington Realty Trust (NYSE:LXP) last issued its quarterly earnings data on Tuesday, May 8th. The real estate investment trust reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.32). The business had revenue of $102.60 million during the quarter, compared to the consensus estimate of $101.02 million. Lexington Realty Trust had a return on equity of 2.34% and a net margin of 7.33%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the firm earned $0.23 EPS.

LXP has been the topic of a number of recent analyst reports. Wells Fargo & Co reduced their price target on Lexington Realty Trust from $11.00 to $9.00 and set a “market perform” rating on the stock in a research report on Monday, March 19th. Barclays reduced their price target on Lexington Realty Trust from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 20th. Zacks Investment Research raised Lexington Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, May 12th. ValuEngine downgraded Lexington Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Finally, JPMorgan Chase & Co. reduced their price target on Lexington Realty Trust from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 10th. Four analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Lexington Realty Trust has an average rating of “Hold” and a consensus target price of $9.68.

Shares of Lexington Realty Trust traded up $0.17, reaching $8.95, during trading hours on Thursday, MarketBeat Ratings reports. 721,900 shares of the company’s stock were exchanged, compared to its average volume of 1,213,474. The company has a market cap of $2.11 billion, a PE ratio of 9.11, a PEG ratio of 1.99 and a beta of 0.87. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.70. Lexington Realty Trust has a fifty-two week low of $7.59 and a fifty-two week high of $10.65.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 16th. Stockholders of record on Friday, June 29th will be issued a dividend of $0.1775 per share. This represents a $0.71 dividend on an annualized basis and a dividend yield of 7.93%. The ex-dividend date is Thursday, June 28th. Lexington Realty Trust’s dividend payout ratio (DPR) is presently 73.20%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in shares of Lexington Realty Trust by 2.4% during the first quarter. Principal Financial Group Inc. now owns 1,682,892 shares of the real estate investment trust’s stock valued at $13,244,000 after buying an additional 39,669 shares during the last quarter. Xact Kapitalforvaltning AB grew its holdings in shares of Lexington Realty Trust by 119.7% during the first quarter. Xact Kapitalforvaltning AB now owns 57,815 shares of the real estate investment trust’s stock valued at $455,000 after buying an additional 31,500 shares during the last quarter. Eventide Asset Management LLC grew its holdings in shares of Lexington Realty Trust by 45.5% during the first quarter. Eventide Asset Management LLC now owns 80,000 shares of the real estate investment trust’s stock valued at $630,000 after buying an additional 25,000 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Lexington Realty Trust by 9.1% during the first quarter. Legal & General Group Plc now owns 1,252,789 shares of the real estate investment trust’s stock valued at $9,869,000 after buying an additional 105,003 shares during the last quarter. Finally, Foundry Partners LLC grew its holdings in shares of Lexington Realty Trust by 3.8% during the first quarter. Foundry Partners LLC now owns 1,178,334 shares of the real estate investment trust’s stock valued at $9,273,000 after buying an additional 42,639 shares during the last quarter. 74.26% 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 portfolio through build-to-suit transactions, sale-leaseback transactions and other transactions, including acquisitions.

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Earnings History and Estimates for Lexington Realty Trust (NYSE:LXP)

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