Lexington Realty Trust (NYSE:LXP) – Stock analysts at KeyCorp boosted their Q3 2016 earnings estimates for Lexington Realty Trust in a research note issued on Monday. KeyCorp analyst C. Mailman now expects that the brokerage will post earnings per share of $0.27 for the quarter, up from their previous estimate of $0.26. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Lexington Realty Trust’s FY2016 earnings at $1.09 EPS.

Lexington Realty Trust (NYSE:LXP) last released its earnings results on Tuesday, August 9th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.02. Lexington Realty Trust had a net margin of 29.34% and a return on equity of 9.26%. The company had revenue of $109.60 million for the quarter, compared to the consensus estimate of $103.72 million. During the same quarter in the previous year, the company earned $0.27 EPS. Lexington Realty Trust’s quarterly revenue was down .6% compared to the same quarter last year.

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

A number of other brokerages have also 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 Thursday, August 11th. Barclays PLC reiterated a “hold” rating and set a $10.00 price target on shares of Lexington Realty Trust in a research report on Tuesday, August 16th. Finally, Jefferies Group reiterated a “neutral” rating on shares of Lexington Realty Trust in a research report on Wednesday, August 10th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $10.25.

Lexington Realty Trust (NYSE:LXP) traded up 1.64% on Wednesday, hitting $9.89. 173,010 shares of the company were exchanged. Lexington Realty Trust has a 52 week low of $6.52 and a 52 week high of $11.02. The stock has a 50 day moving average of $10.40 and a 200 day moving average of $9.85. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 19.17 and a beta of 1.17.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be issued a $0.175 dividend. This is a boost from Lexington Realty Trust’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.70 annualized dividend and a dividend yield of 7.19%. Lexington Realty Trust’s dividend payout ratio (DPR) is currently 134.62%.

In other news, CEO T Wilson Eglin sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $10.70, for a total value of $267,500.00. Following the transaction, the chief executive officer now owns 2,038,528 shares in the company, valued at $21,812,249.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.30% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Japan Co. Ltd boosted its position in shares of Lexington Realty Trust by 0.4% in the first quarter. BlackRock Japan Co. Ltd now owns 21,207 shares of the real estate investment trust’s stock valued at $182,000 after buying an additional 75 shares in the last quarter. Quantbot Technologies LP raised its stake in shares of Lexington Realty Trust by 0.7% in the second quarter. Quantbot Technologies LP now owns 20,026 shares of the real estate investment trust’s stock worth $202,000 after buying an additional 132 shares during the last quarter. Shufro Rose & Co. LLC raised its stake in shares of Lexington Realty Trust by 1.4% in the first quarter. Shufro Rose & Co. LLC now owns 32,640 shares of the real estate investment trust’s stock worth $281,000 after buying an additional 447 shares during the last quarter. First Allied Advisory Services Inc. raised its stake in shares of Lexington Realty Trust by 2.1% in the second quarter. First Allied Advisory Services Inc. now owns 21,650 shares of the real estate investment trust’s stock worth $214,000 after buying an additional 449 shares during the last quarter. Finally, M&T Bank Corp raised its stake in shares of Lexington Realty Trust by 1.8% in the second quarter. M&T Bank Corp now owns 35,198 shares of the real estate investment trust’s stock worth $355,000 after buying an additional 635 shares during the last quarter. Hedge funds and other institutional investors own 71.41% of the company’s stock.

Lexington Realty Trust Company Profile

Lexington Realty Trust is a self-managed and self-administered real estate investment trust (REIT). The Company owns a portfolio of equity and debt investments in single-tenant properties and land. The Company’s segment is single-tenant real estate assets. The Company also provides investment advisory and asset management services to investors in the single-tenant area.

5 Day Chart for NYSE:LXP

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