Brokerages Anticipate Lexington Realty Trust (LXP) Will Announce Earnings of $0.25 Per Share

Brokerages expect Lexington Realty Trust (NYSE:LXP) to report $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 posted earnings per share of $0.23 during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.7%. The firm is expected to announce its next quarterly earnings report on Tuesday, May 8th.

According to Zacks, analysts expect that Lexington Realty Trust will report full year earnings of $0.98 per share for the current fiscal year, with EPS estimates ranging from $0.96 to $1.01. For the next fiscal year, analysts forecast that the company will report earnings of $0.97 per share, with EPS estimates ranging from $0.94 to $1.03. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Lexington Realty Trust.

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Lexington Realty Trust (NYSE:LXP) last announced its earnings results on Tuesday, February 27th. The real estate investment trust reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. Lexington Realty Trust had a return on equity of 6.64% and a net margin of 21.84%. The business had revenue of $102.17 million during the quarter, compared to analysts’ expectations of $100.52 million. During the same quarter in the prior year, the firm earned $0.06 earnings per share. The business’s revenue was up 7.2% compared to the same quarter last year.

A number of brokerages have commented on LXP. Wells Fargo reduced their target price on Lexington Realty Trust from $11.00 to $9.00 and set a “market perform” rating for the company in a report on Monday, March 19th. Zacks Investment Research raised Lexington Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, March 21st. Barclays reduced their target price on Lexington Realty Trust from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Tuesday, March 20th. ValuEngine cut Lexington Realty Trust from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Evercore ISI cut Lexington Realty Trust from an “outperform” rating to an “in-line” rating in a report on Monday, December 11th. Two investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $10.39.

Several large investors have recently bought and sold shares of LXP. JOYN Advisors Inc. acquired a new stake in shares of Lexington Realty Trust in the fourth quarter valued at approximately $113,000. Family Management Corp acquired a new stake in shares of Lexington Realty Trust in the fourth quarter valued at approximately $121,000. BlueCrest Capital Management Ltd acquired a new stake in shares of Lexington Realty Trust in the fourth quarter valued at approximately $150,000. Vident Investment Advisory LLC acquired a new stake in shares of Lexington Realty Trust in the fourth quarter valued at approximately $154,000. Finally, Virtu Financial LLC acquired a new stake in shares of Lexington Realty Trust in the fourth quarter valued at approximately $191,000. 75.01% of the stock is owned by hedge funds and other institutional investors.

Shares of Lexington Realty Trust stock traded down $0.08 during mid-day trading on Tuesday, reaching $7.94. 773,170 shares of the stock traded hands, compared to its average volume of 1,266,523. Lexington Realty Trust has a fifty-two week low of $7.68 and a fifty-two week high of $10.65. The stock has a market capitalization of $1,911.70, a P/E ratio of 8.19, a PEG ratio of 2.26 and a beta of 0.88. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.14 and a quick ratio of 0.14.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Thursday, March 29th will be issued a $0.1775 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $0.71 annualized dividend and a dividend yield of 8.94%. Lexington Realty Trust’s dividend payout ratio is presently 73.20%.

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About Lexington Realty Trust

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

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