Lexington Realty Trust (NYSE:LXP) released its earnings results on Tuesday. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.01, RTT News reports. The company had revenue of $102.17 million for the quarter, compared to analyst estimates of $100.52 million. Lexington Realty Trust had a net margin of 21.84% and a return on equity of 6.64%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.06 EPS. Lexington Realty Trust updated its FY18 guidance to $0.95-0.98 EPS.
Lexington Realty Trust (NYSE:LXP) opened at $7.96 on Thursday. The firm has a market cap of $1,945.41, a PE ratio of 24.12, a PEG ratio of 2.00 and a beta of 0.85. Lexington Realty Trust has a 1-year low of $7.95 and a 1-year high of $11.08. The company has a current ratio of 0.12, a quick ratio of 0.19 and a debt-to-equity ratio of 0.58.
A number of research analysts have issued reports on LXP shares. Evercore ISI lowered shares of Lexington Realty Trust from an “outperform” rating to an “in-line” rating in a report on Monday, December 11th. ValuEngine lowered shares of Lexington Realty Trust from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Lexington Realty Trust in a report on Tuesday, November 28th. Finally, Zacks Investment Research lowered shares of Lexington Realty Trust from a “buy” rating to a “hold” rating in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating and eight have given a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $10.95.
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Lexington Realty Trust Company Profile
Lexington Realty Trust is a real estate investment trust (REIT). The Company owns a portfolio of equity and debt investments in single-tenant commercial properties. As of December 31, 2016, the Company had equity ownership interests in approximately 195 consolidated real estate properties, located in 40 states and containing an aggregate of approximately 43.3 million square feet of space, approximately 96.0% of which was leased.
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