Wall Street brokerages forecast that Lexington Realty Trust (NYSE:LXP) will report earnings per share of $0.19 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Lexington Realty Trust’s earnings. The highest EPS estimate is $0.19 and the lowest is $0.18. Lexington Realty Trust also posted earnings per share of $0.19 in the same quarter last year. The company is scheduled to report its next quarterly earnings report before the market opens on Friday, May 7th.
According to Zacks, analysts expect that Lexington Realty Trust will report full-year earnings of $0.75 per share for the current financial year, with EPS estimates ranging from $0.74 to $0.75. For the next financial year, analysts forecast that the business will post earnings of $0.76 per share, with EPS estimates ranging from $0.75 to $0.76. Zacks’ EPS calculations are an average based on a survey of research firms that follow Lexington Realty Trust.
Lexington Realty Trust (NYSE:LXP) last released its quarterly earnings results on Thursday, February 18th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.19. Lexington Realty Trust had a return on equity of 9.57% and a net margin of 49.72%.
Separately, Zacks Investment Research raised Lexington Realty Trust from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a report on Thursday, February 18th.
LXP traded down $0.15 on Tuesday, reaching $12.08. The stock had a trading volume of 60,488 shares, compared to its average volume of 1,765,393. Lexington Realty Trust has a fifty-two week low of $8.40 and a fifty-two week high of $12.34. The firm has a 50-day moving average of $11.59 and a 200-day moving average of $10.83. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $3.35 billion, a price-to-earnings ratio of 20.13 and a beta of 0.63.
The business also recently declared a quarterly dividend, which was paid on Thursday, April 15th. Stockholders of record on Wednesday, March 31st were paid a $0.108 dividend. The ex-dividend date of this dividend was Tuesday, March 30th. This represents a $0.43 annualized dividend and a dividend yield of 3.58%. Lexington Realty Trust’s payout ratio is 53.75%.
Several hedge funds have recently modified their holdings of LXP. Envestnet Asset Management Inc. boosted its position in shares of Lexington Realty Trust by 11.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 52,952 shares of the real estate investment trust’s stock valued at $588,000 after purchasing an additional 5,509 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Lexington Realty Trust by 1.5% during the 1st quarter. Victory Capital Management Inc. now owns 2,657,483 shares of the real estate investment trust’s stock valued at $29,525,000 after purchasing an additional 38,546 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Lexington Realty Trust by 4.4% during the 1st quarter. Daiwa Securities Group Inc. now owns 68,297 shares of the real estate investment trust’s stock valued at $759,000 after purchasing an additional 2,900 shares in the last quarter. Ground Swell Capital LLC bought a new stake in shares of Lexington Realty Trust during the 1st quarter valued at about $119,000. Finally, First Quadrant L P CA boosted its holdings in Lexington Realty Trust by 20.8% in the first quarter. First Quadrant L P CA now owns 35,424 shares of the real estate investment trust’s stock worth $394,000 after acquiring an additional 6,100 shares in the last quarter. 90.37% of the stock is owned by institutional investors.
About Lexington Realty Trust
Lexington Realty Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) that owns a portfolio of real estate assets consisting primarily of equity investments in single-tenant net-leased industrial 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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