$0.21 EPS Expected for Lexington Realty Trust (LXP) This Quarter

Wall Street brokerages expect Lexington Realty Trust (NYSE:LXP) to report $0.21 earnings per share for the current quarter, Zacks reports. Three analysts have issued estimates for Lexington Realty Trust’s earnings, with estimates ranging from $0.19 to $0.22. Lexington Realty Trust reported earnings per share of $0.25 during the same quarter last year, which would indicate a negative year over year growth rate of 16%. The company is scheduled to report its next quarterly earnings report on Tuesday, May 14th.

According to Zacks, analysts expect that Lexington Realty Trust will report full year earnings of $0.78 per share for the current financial year, with EPS estimates ranging from $0.76 to $0.82. For the next year, analysts anticipate that the business will report earnings of $0.80 per share, with EPS estimates ranging from $0.76 to $0.82. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Lexington Realty Trust.

Lexington Realty Trust (NYSE:LXP) last issued its earnings results on Wednesday, February 27th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.10). The business had revenue of $87.25 million for the quarter, compared to analyst estimates of $86.04 million. Lexington Realty Trust had a return on equity of 18.56% and a net margin of 57.52%. The firm’s revenue for the quarter was down 14.6% on a year-over-year basis. During the same period last year, the company posted $0.26 earnings per share.

Several research firms have recently commented on LXP. Zacks Investment Research upgraded shares of Lexington Realty Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, November 27th. DA Davidson raised shares of Lexington Realty Trust from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 22nd. ValuEngine raised shares of Lexington Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, December 1st. Finally, TheStreet upgraded Lexington Realty Trust from a “c+” rating to a “b-” rating in a report on Tuesday, February 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Lexington Realty Trust has a consensus rating of “Hold” and a consensus target price of $8.60.

Shares of Lexington Realty Trust stock traded down $0.08 during trading on Thursday, hitting $9.13. 1,926,592 shares of the stock were exchanged, compared to its average volume of 2,547,859. The firm has a market capitalization of $2.15 billion, a P/E ratio of 9.51, a P/E/G ratio of 11.01 and a beta of 1.01. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.22 and a current ratio of 0.22. Lexington Realty Trust has a 12 month low of $7.59 and a 12 month high of $9.70.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be issued a $0.102 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $0.41 dividend on an annualized basis and a yield of 4.47%. Lexington Realty Trust’s dividend payout ratio is currently 73.96%.

A number of large investors have recently added to or reduced their stakes in LXP. MetLife Investment Advisors LLC grew its holdings in Lexington Realty Trust by 45.6% during the third quarter. MetLife Investment Advisors LLC now owns 144,698 shares of the real estate investment trust’s stock valued at $1,201,000 after purchasing an additional 45,304 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Lexington Realty Trust by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 3,479,074 shares of the real estate investment trust’s stock worth $28,875,000 after acquiring an additional 12,654 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Lexington Realty Trust in the third quarter worth $13,722,000. BlackRock Inc. grew its stake in shares of Lexington Realty Trust by 3.0% in the third quarter. BlackRock Inc. now owns 37,141,546 shares of the real estate investment trust’s stock worth $308,276,000 after acquiring an additional 1,073,753 shares during the last quarter. Finally, M&T Bank Corp grew its stake in shares of Lexington Realty Trust by 5.6% in the fourth quarter. M&T Bank Corp now owns 25,824 shares of the real estate investment trust’s stock worth $211,000 after acquiring an additional 1,378 shares during the last quarter. Hedge funds and other institutional investors own 74.89% 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 portfolio through build-to-suit transactions, sale-leaseback transactions and other transactions, including acquisitions.

Further Reading: What is Cost of Goods Sold (COGS)?

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Earnings History and Estimates for Lexington Realty Trust (NYSE:LXP)

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