Brokerages Anticipate Lexington Realty Trust (NYSE:LXP) Will Announce Earnings of $0.19 Per Share

Wall Street analysts predict that Lexington Realty Trust (NYSE:LXP) will report earnings per share of $0.19 for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Lexington Realty Trust’s earnings, with the lowest EPS estimate coming in at $0.19 and the highest estimate coming in at $0.20. Lexington Realty Trust posted earnings per share of $0.20 in the same quarter last year, which would suggest a negative year-over-year growth rate of 5%. The firm is scheduled to report its next earnings report on Wednesday, August 5th.

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 $0.73 to $0.76. For the next financial year, analysts expect that the company will post earnings of $0.74 per share, with EPS estimates ranging from $0.71 to $0.78. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Lexington Realty Trust.

Lexington Realty Trust (NYSE:LXP) last announced its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.13). The business had revenue of $80.80 million during the quarter, compared to analysts’ expectations of $80.17 million. Lexington Realty Trust had a net margin of 82.95% and a return on equity of 18.04%. Lexington Realty Trust’s revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.20 earnings per share.

A number of research firms recently commented on LXP. Wells Fargo & Co decreased their target price on Lexington Realty Trust from $10.50 to $9.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 2nd. Zacks Investment Research upgraded Lexington Realty Trust from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Friday, May 29th. TheStreet downgraded Lexington Realty Trust from a “b-” rating to a “c+” rating in a research report on Tuesday, May 26th. Finally, ValuEngine downgraded Lexington Realty Trust from a “hold” rating to a “sell” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Lexington Realty Trust currently has an average rating of “Hold” and an average target price of $10.30.

Several institutional investors and hedge funds have recently added to or reduced their stakes in LXP. First Trust Advisors LP grew its stake in shares of Lexington Realty Trust by 84.1% during the first quarter. First Trust Advisors LP now owns 287,289 shares of the real estate investment trust’s stock valued at $2,603,000 after buying an additional 131,277 shares during the last quarter. US Bancorp DE grew its stake in Lexington Realty Trust by 87.3% in the fourth quarter. US Bancorp DE now owns 53,754 shares of the real estate investment trust’s stock worth $571,000 after purchasing an additional 25,051 shares in the last quarter. Rhumbline Advisers grew its stake in Lexington Realty Trust by 9.0% in the fourth quarter. Rhumbline Advisers now owns 892,578 shares of the real estate investment trust’s stock worth $9,479,000 after purchasing an additional 73,689 shares in the last quarter. American International Group Inc. grew its stake in Lexington Realty Trust by 1.9% in the fourth quarter. American International Group Inc. now owns 175,191 shares of the real estate investment trust’s stock worth $1,861,000 after purchasing an additional 3,248 shares in the last quarter. Finally, Swiss National Bank grew its stake in Lexington Realty Trust by 1.7% in the fourth quarter. Swiss National Bank now owns 404,400 shares of the real estate investment trust’s stock worth $4,295,000 after purchasing an additional 6,700 shares in the last quarter. 90.89% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:LXP traded down $0.19 during mid-day trading on Friday, reaching $10.33. The stock had a trading volume of 3,262,244 shares, compared to its average volume of 3,312,491. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.29. The company has a market cap of $2.72 billion, a P/E ratio of 9.83 and a beta of 0.69. Lexington Realty Trust has a 1 year low of $7.86 and a 1 year high of $11.81. The business’s 50 day moving average price is $9.95 and its 200 day moving average price is $10.39.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.105 per share. The ex-dividend date of this dividend is Monday, June 29th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 4.07%. Lexington Realty Trust’s dividend payout ratio is 52.50%.

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

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