Lexington Realty Trust (NYSE:LXP) declared a quarterly dividend on Wednesday, November 6th, Zacks reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.105 per share by the real estate investment trust on Wednesday, January 15th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date is Monday, December 30th. This is a boost from Lexington Realty Trust’s previous quarterly dividend of $0.10.
Shares of LXP stock traded up $0.02 during mid-day trading on Friday, reaching $10.68. The company’s stock had a trading volume of 13,165 shares, compared to its average volume of 1,480,171. The company’s 50 day simple moving average is $10.50 and its 200-day simple moving average is $9.84. Lexington Realty Trust has a 12-month low of $7.88 and a 12-month high of $10.93. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $2.45 billion, a PE ratio of 11.14, a price-to-earnings-growth ratio of -20.29 and a beta of 0.84.
Lexington Realty Trust (NYSE:LXP) last issued its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.39. Lexington Realty Trust had a net margin of 84.56% and a return on equity of 23.21%. The business had revenue of $81.55 million for the quarter, compared to the consensus estimate of $79.80 million. During the same quarter last year, the firm posted $0.24 EPS. The business’s revenue for the quarter was down 18.7% compared to the same quarter last year. As a group, research analysts anticipate that Lexington Realty Trust will post 0.79 EPS for the current fiscal year.
About Lexington Realty Trust
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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