DA Davidson Equities Analysts Decrease Earnings Estimates for Lexington Realty Trust (LXP)

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Lexington Realty Trust (NYSE:LXP) – Analysts at DA Davidson cut their Q3 2018 earnings per share estimates for shares of Lexington Realty Trust in a research note issued on Tuesday, September 4th. DA Davidson analyst B. Oxford now anticipates that the real estate investment trust will earn $0.22 per share for the quarter, down from their previous estimate of $0.24. DA Davidson also issued estimates for Lexington Realty Trust’s Q4 2019 earnings at $0.19 EPS.

Lexington Realty Trust (NYSE:LXP) last announced its earnings results on Wednesday, August 8th. The real estate investment trust reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.25). Lexington Realty Trust had a return on equity of 1.69% and a net margin of 4.99%. The firm had revenue of $105.50 million during the quarter, compared to the consensus estimate of $101.91 million. During the same period in the prior year, the company posted $0.23 EPS. The firm’s revenue was up 10.2% on a year-over-year basis.

LXP has been the subject of a number of other research reports. Zacks Investment Research raised Lexington Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, May 12th. Jefferies Financial Group reaffirmed a “hold” rating and set a $9.00 price objective on shares of Lexington Realty Trust in a research report on Thursday, August 9th. Finally, ValuEngine lowered Lexington Realty Trust from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 13th. Three investment analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Lexington Realty Trust presently has an average rating of “Hold” and an average target price of $9.39.

LXP stock opened at $8.60 on Friday. Lexington Realty Trust has a twelve month low of $7.59 and a twelve month high of $10.65. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.14 and a quick ratio of 0.14. The company has a market cap of $2.14 billion, a P/E ratio of 9.10, a P/E/G ratio of 2.01 and a beta of 0.81.

A number of hedge funds have recently bought and sold shares of LXP. BlackRock Inc. increased its position in Lexington Realty Trust by 6.4% during the 2nd quarter. BlackRock Inc. now owns 36,067,793 shares of the real estate investment trust’s stock valued at $314,871,000 after buying an additional 2,182,275 shares in the last quarter. Millennium Management LLC increased its position in Lexington Realty Trust by 41.0% during the 1st quarter. Millennium Management LLC now owns 1,564,334 shares of the real estate investment trust’s stock valued at $12,311,000 after buying an additional 455,231 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in Lexington Realty Trust by 13.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 3,209,515 shares of the real estate investment trust’s stock valued at $25,259,000 after buying an additional 369,461 shares in the last quarter. Prudential Financial Inc. increased its position in Lexington Realty Trust by 19.6% during the 1st quarter. Prudential Financial Inc. now owns 2,185,107 shares of the real estate investment trust’s stock valued at $17,197,000 after buying an additional 357,917 shares in the last quarter. Finally, WINTON GROUP Ltd increased its position in Lexington Realty Trust by 76.3% during the 2nd quarter. WINTON GROUP Ltd now owns 761,154 shares of the real estate investment trust’s stock valued at $6,645,000 after buying an additional 329,415 shares in the last quarter. 73.50% of the stock is owned by institutional investors.

Lexington Realty Trust Company Profile

Lexington Realty Trust is a real estate investment trust, which engages in financing, acquisition, and ownership of portfolio of single-tenant commercial properties. It also provides investment advisory and asset management services. The company was founded by E. Robert Roskind in October 1993 and is headquartered in New York, NY.

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

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