Q1 2020 Earnings Estimate for Lexington Realty Trust (NYSE:LXP) Issued By Jefferies Financial Group

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Lexington Realty Trust (NYSE:LXP) – Analysts at Jefferies Financial Group boosted their Q1 2020 earnings per share estimates for shares of Lexington Realty Trust in a research report issued to clients and investors on Monday, October 14th. Jefferies Financial Group analyst J. Petersen now forecasts that the real estate investment trust will post earnings per share of $0.20 for the quarter, up from their previous estimate of $0.19. Jefferies Financial Group also issued estimates for Lexington Realty Trust’s Q2 2021 earnings at $0.22 EPS and FY2021 earnings at $0.85 EPS.

LXP has been the subject of a number of other research reports. Zacks Investment Research cut Lexington Realty Trust from a “buy” rating to a “sell” rating in a report on Wednesday, October 9th. Evercore ISI set a $10.00 price objective on Lexington Realty Trust and gave the stock a “buy” rating in a report on Wednesday, August 7th. Wells Fargo & Co cut Lexington Realty Trust from an “outperform” rating to a “market perform” rating and set a $10.50 price objective for the company. in a report on Monday, August 26th. Finally, Stifel Nicolaus upgraded Lexington Realty Trust from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $9.50 to $11.00 in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $10.63.

Lexington Realty Trust stock opened at $10.47 on Tuesday. Lexington Realty Trust has a 52 week low of $7.66 and a 52 week high of $10.67. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.13 and a current ratio of 0.13. The stock has a market capitalization of $2.46 billion, a P/E ratio of 10.91, a PEG ratio of -20.32 and a beta of 0.85. The stock has a 50-day simple moving average of $10.28 and a 200 day simple moving average of $9.68.

Lexington Realty Trust (NYSE:LXP) last posted its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.20 EPS for the quarter, hitting analysts’ consensus estimates of $0.20. Lexington Realty Trust had a return on equity of 23.21% and a net margin of 84.56%. The business had revenue of $80.10 million during the quarter, compared to analysts’ expectations of $79.61 million. During the same quarter last year, the company posted $0.25 earnings per share. Lexington Realty Trust’s quarterly revenue was down 24.2% on a year-over-year basis.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $0.102 per share. This represents a $0.41 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend was Friday, September 27th. Lexington Realty Trust’s dividend payout ratio is presently 42.71%.

Several large investors have recently modified their holdings of the company. Profund Advisors LLC boosted its holdings in shares of Lexington Realty Trust by 4.3% during the second quarter. Profund Advisors LLC now owns 31,549 shares of the real estate investment trust’s stock worth $297,000 after acquiring an additional 1,288 shares during the period. CWM Advisors LLC raised its position in shares of Lexington Realty Trust by 8.4% in the second quarter. CWM Advisors LLC now owns 17,961 shares of the real estate investment trust’s stock valued at $169,000 after buying an additional 1,395 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Lexington Realty Trust by 1.7% in the second quarter. Oregon Public Employees Retirement Fund now owns 82,841 shares of the real estate investment trust’s stock valued at $780,000 after buying an additional 1,400 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of Lexington Realty Trust by 1.0% in the second quarter. Nomura Asset Management Co. Ltd. now owns 135,000 shares of the real estate investment trust’s stock valued at $1,270,000 after buying an additional 1,400 shares in the last quarter. Finally, Arizona State Retirement System raised its position in shares of Lexington Realty Trust by 0.5% in the second quarter. Arizona State Retirement System now owns 324,254 shares of the real estate investment trust’s stock valued at $3,051,000 after buying an additional 1,599 shares in the last quarter. Institutional investors own 87.78% 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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