Zacks: Brokerages Expect Lexington Realty Trust (NYSE:LXP) Will Post Earnings of $0.19 Per Share

Equities analysts predict that Lexington Realty Trust (NYSE:LXP) will post $0.19 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Lexington Realty Trust’s earnings. The lowest EPS estimate is $0.19 and the highest is $0.20. Lexington Realty Trust posted earnings per share of $0.22 in the same quarter last year, which would suggest a negative year over year growth rate of 13.6%. The firm is expected to issue its next quarterly earnings results on Wednesday, February 26th.

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 $0.80. For the next year, analysts forecast that the business will report earnings of $0.76 per share, with EPS estimates ranging from $0.74 to $0.80. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Lexington Realty Trust.

Lexington Realty Trust (NYSE:LXP) last posted its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.39. The firm had revenue of $81.55 million for the quarter, compared to analyst estimates of $79.80 million. Lexington Realty Trust had a net margin of 66.66% and a return on equity of 16.76%. Lexington Realty Trust’s quarterly revenue was down 18.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.24 earnings per share.

A number of equities analysts recently weighed in on LXP shares. Zacks Investment Research lowered shares of Lexington Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, January 9th. JPMorgan Chase & Co. boosted their price target on shares of Lexington Realty Trust from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Finally, Stifel Nicolaus lowered shares of Lexington Realty Trust from a “buy” rating to a “hold” rating and lowered their price target for the stock from $11.50 to $10.50 in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $10.60.

LXP traded up $0.13 on Friday, reaching $10.99. 10,486 shares of the company’s stock were exchanged, compared to its average volume of 1,746,663. The stock has a market cap of $2.69 billion, a PE ratio of 11.31, a P/E/G ratio of -21.72 and a beta of 0.82. Lexington Realty Trust has a twelve month low of $8.76 and a twelve month high of $11.19. The stock’s fifty day moving average price is $10.75 and its 200-day moving average price is $10.36. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.22 and a quick ratio of 0.22.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 3.82%. This is a positive change from Lexington Realty Trust’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Monday, December 30th. Lexington Realty Trust’s payout ratio is presently 43.75%.

In other Lexington Realty Trust news, EVP Lara Sweeney Johnson sold 28,271 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $11.12, for a total value of $314,373.52. Following the transaction, the executive vice president now directly owns 370,684 shares in the company, valued at approximately $4,122,006.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.26% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Lexington Realty Trust by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 39,226,206 shares of the real estate investment trust’s stock valued at $369,118,000 after purchasing an additional 912,848 shares during the last quarter. State Street Corp boosted its holdings in Lexington Realty Trust by 5.2% in the 3rd quarter. State Street Corp now owns 10,259,765 shares of the real estate investment trust’s stock valued at $106,202,000 after purchasing an additional 510,235 shares during the last quarter. Macquarie Group Ltd. boosted its holdings in Lexington Realty Trust by 3.1% in the 2nd quarter. Macquarie Group Ltd. now owns 5,889,351 shares of the real estate investment trust’s stock valued at $55,419,000 after purchasing an additional 176,646 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Lexington Realty Trust by 8.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,093,184 shares of the real estate investment trust’s stock valued at $38,517,000 after purchasing an additional 330,716 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Lexington Realty Trust by 12.6% in the 2nd quarter. Northern Trust Corp now owns 4,085,369 shares of the real estate investment trust’s stock valued at $38,443,000 after acquiring an additional 458,159 shares during the period. Institutional investors own 87.79% of the company’s stock.

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

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