Research Analysts Issue Forecasts for Lexington Realty Trust’s FY2019 Earnings (LXP)

Lexington Realty Trust (NYSE:LXP) – Equities researchers at Jefferies Group issued their FY2019 EPS estimates for Lexington Realty Trust in a report released on Monday. Jefferies Group analyst J. Petersen anticipates that the real estate investment trust will post earnings of $1.02 per share for the year. Jefferies Group currently has a “Hold” rating and a $11.00 target price on the stock.

Lexington Realty Trust (NYSE:LXP) last issued its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. The company had revenue of $97.70 million during the quarter, compared to analysts’ expectations of $97.71 million. Lexington Realty Trust had a net margin of 17.96% and a return on equity of 5.29%. During the same quarter in the previous year, the company earned $0.28 earnings per share. Lexington Realty Trust’s revenue for the quarter was down 8.1% on a year-over-year basis.

A number of other equities analysts have also recently commented on the stock. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Lexington Realty Trust in a research note on Tuesday, November 28th. Zacks Investment Research cut shares of Lexington Realty Trust from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. DA Davidson began coverage on shares of Lexington Realty Trust in a research note on Monday, September 25th. They issued a “neutral” rating and a $10.75 price target for the company. KeyCorp reissued a “hold” rating on shares of Lexington Realty Trust in a research note on Sunday, September 24th. Finally, BidaskClub cut shares of Lexington Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $10.79.

Lexington Realty Trust (NYSE LXP) traded up $0.03 during mid-day trading on Wednesday, reaching $10.24. 754,190 shares of the company’s stock were exchanged, compared to its average volume of 1,072,437. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.73. Lexington Realty Trust has a fifty-two week low of $9.00 and a fifty-two week high of $11.42. The stock has a market cap of $2,485.85, a PE ratio of 10.87, a PEG ratio of 2.70 and a beta of 0.96.

Hedge funds have recently added to or reduced their stakes in the business. Tocqueville Asset Management L.P. lifted its holdings in shares of Lexington Realty Trust by 0.7% in the 2nd quarter. Tocqueville Asset Management L.P. now owns 13,600 shares of the real estate investment trust’s stock worth $135,000 after acquiring an additional 100 shares during the last quarter. World Asset Management Inc lifted its holdings in shares of Lexington Realty Trust by 1.0% in the 2nd quarter. World Asset Management Inc now owns 14,014 shares of the real estate investment trust’s stock worth $139,000 after acquiring an additional 144 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Lexington Realty Trust by 3.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 36,202 shares of the real estate investment trust’s stock worth $359,000 after acquiring an additional 1,069 shares during the last quarter. Texas Permanent School Fund lifted its holdings in shares of Lexington Realty Trust by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 157,943 shares of the real estate investment trust’s stock worth $1,565,000 after acquiring an additional 1,320 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Lexington Realty Trust by 10.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,984 shares of the real estate investment trust’s stock worth $148,000 after acquiring an additional 1,460 shares during the last quarter. 73.97% of the stock is owned by institutional investors and hedge funds.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be paid a $0.1775 dividend. This represents a $0.71 dividend on an annualized basis and a yield of 6.93%. The ex-dividend date of this dividend is Thursday, December 28th. This is a boost from Lexington Realty Trust’s previous quarterly dividend of $0.18. Lexington Realty Trust’s payout ratio is currently 259.26%.

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Lexington Realty Trust Company Profile

Lexington Realty Trust is a real estate investment trust (REIT). The Company owns a portfolio of equity and debt investments in single-tenant commercial properties. As of December 31, 2016, the Company had equity ownership interests in approximately 195 consolidated real estate properties, located in 40 states and containing an aggregate of approximately 43.3 million square feet of space, approximately 96.0% of which was leased.

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

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