DA Davidson Weighs in on Lexington Realty Trust’s FY2018 Earnings (LXP)

Lexington Realty Trust (NYSE:LXP) – Research analysts at DA Davidson issued their FY2018 earnings per share (EPS) estimates for shares of Lexington Realty Trust in a note issued to investors on Tuesday, November 6th, Zacks Investment Research reports. DA Davidson analyst B. Oxford expects that the real estate investment trust will earn $0.94 per share for the year. DA Davidson also issued estimates for Lexington Realty Trust’s Q4 2018 earnings at $0.20 EPS, Q1 2019 earnings at $0.20 EPS, Q2 2019 earnings at $0.19 EPS, Q3 2019 earnings at $0.19 EPS, Q4 2019 earnings at $0.20 EPS and FY2019 earnings at $0.78 EPS.

LXP has been the subject of several other reports. Jefferies Financial Group upgraded shares of Lexington Realty Trust from a “hold” rating to a “buy” rating in a research note on Friday, October 12th. ValuEngine upgraded shares of Lexington Realty Trust from a “strong sell” rating to a “sell” rating in a research note on Monday, October 8th. Zacks Investment Research upgraded shares of Lexington Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 11th. Finally, Wells Fargo & Co upgraded shares of Lexington Realty Trust from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $8.50 to $9.00 in a research note on Thursday, September 27th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $8.60.

NYSE LXP traded up $0.02 on Friday, hitting $8.80. 956,600 shares of the company’s stock traded hands, compared to its average volume of 1,252,417. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.44. Lexington Realty Trust has a 1-year low of $7.59 and a 1-year high of $10.60. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 9.06, a PEG ratio of 3.83 and a beta of 0.92.

Lexington Realty Trust (NYSE:LXP) last announced its quarterly earnings data on Tuesday, November 6th. The real estate investment trust reported $0.07 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.16). Lexington Realty Trust had a net margin of 56.75% and a return on equity of 19.03%. The business had revenue of $99.96 million for the quarter, compared to analyst estimates of $96.87 million. During the same quarter in the previous year, the firm posted $0.25 earnings per share. The business’s revenue was up 2.3% on a year-over-year basis.

Large investors have recently bought and sold shares of the company. Family Management Corp purchased a new stake in Lexington Realty Trust in the 2nd quarter worth $109,000. Wedbush Securities Inc. purchased a new stake in Lexington Realty Trust in the 2nd quarter worth $117,000. Paloma Partners Management Co purchased a new stake in Lexington Realty Trust in the 2nd quarter worth $122,000. Creative Planning purchased a new stake in Lexington Realty Trust in the 3rd quarter worth $128,000. Finally, Redpoint Investment Management Pty Ltd purchased a new stake in Lexington Realty Trust in the 3rd quarter worth $138,000. 75.00% of the stock is owned by hedge funds and other institutional investors.

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 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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