Lexington Realty Trust (LXP) Set to Announce Quarterly Earnings on Wednesday

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Lexington Realty Trust (NYSE:LXP) is scheduled to be announcing its earnings results before the market opens on Wednesday, August 7th. Analysts expect the company to announce earnings of $0.20 per share for the quarter. Lexington Realty Trust has set its FY 2019 guidance at $0.75-0.79 EPS and its FY19 guidance at $0.75 to $0.79 EPS.Investors that wish to register for the company’s conference call can do so using this link.

Lexington Realty Trust (NYSE:LXP) last released its quarterly earnings data on Wednesday, May 8th. The real estate investment trust reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.10). Lexington Realty Trust had a return on equity of 21.72% and a net margin of 72.14%. The firm had revenue of $81.25 million during the quarter, compared to analyst estimates of $80.70 million. During the same quarter in the prior year, the company posted $0.25 EPS. The company’s quarterly revenue was down 21.0% on a year-over-year basis. On average, analysts expect Lexington Realty Trust to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NYSE:LXP opened at $9.35 on Tuesday. The stock has a 50 day moving average price of $9.58. Lexington Realty Trust has a 52 week low of $7.66 and a 52 week high of $9.96. The firm has a market capitalization of $2.26 billion, a P/E ratio of 9.74, a P/E/G ratio of -18.89 and a beta of 0.88. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.37.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a $0.102 dividend. The ex-dividend date was Thursday, June 27th. This represents a $0.41 dividend on an annualized basis and a yield of 4.36%. Lexington Realty Trust’s dividend payout ratio is currently 42.71%.

In other Lexington Realty Trust news, EVP Joseph Bonventre sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $9.30, for a total transaction of $186,000.00. Following the completion of the sale, the executive vice president now owns 362,103 shares of the company’s stock, valued at $3,367,557.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.26% of the stock is owned by corporate insiders.

A number of equities analysts recently commented on LXP shares. Stifel Nicolaus upgraded Lexington Realty Trust from a “sell” rating to a “hold” rating and set a $9.15 price objective on the stock in a report on Tuesday, May 28th. Zacks Investment Research upgraded Lexington Realty Trust from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Saturday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $9.54.

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 for Lexington Realty Trust (NYSE:LXP)

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