Analysts predict that Lexington Realty Trust (NYSE:LXP) will post earnings of $0.25 per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Lexington Realty Trust’s earnings, with estimates ranging from $0.25 to $0.26. Lexington Realty Trust posted earnings of $0.24 per share during the same quarter last year, which would suggest a positive year over year growth rate of 4.2%. The firm is expected to report its next quarterly earnings results on Wednesday, March 7th.

On average, analysts expect that Lexington Realty Trust will report full-year earnings of $0.96 per share for the current financial year, with EPS estimates ranging from $0.94 to $0.96. For the next financial year, analysts forecast that the company will report earnings of $1.01 per share, with EPS estimates ranging from $0.98 to $1.03. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow Lexington Realty Trust.

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

Several brokerages recently weighed in on LXP. 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. Jefferies Group reissued a “hold” rating and issued a $11.00 price objective on shares of Lexington Realty Trust in a research note on Tuesday, October 24th. Evercore ISI lowered shares of Lexington Realty Trust from an “outperform” rating to an “in-line” rating in a report on Monday, December 11th. Finally, DA Davidson initiated coverage on shares of Lexington Realty Trust in a report on Monday, September 25th. They issued a “neutral” rating and a $10.75 target price on the stock. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $10.79.

Hedge funds have recently added to or reduced their stakes in the stock. RMR Advisors LLC lifted its holdings in Lexington Realty Trust by 17.7% in the third quarter. RMR Advisors LLC now owns 399,058 shares of the real estate investment trust’s stock valued at $4,078,000 after buying an additional 60,000 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in Lexington Realty Trust by 2.6% in the third quarter. Schwab Charles Investment Management Inc. now owns 2,753,701 shares of the real estate investment trust’s stock valued at $28,143,000 after buying an additional 69,278 shares during the period. Forsta AP Fonden lifted its holdings in Lexington Realty Trust by 65.7% in the third quarter. Forsta AP Fonden now owns 174,800 shares of the real estate investment trust’s stock valued at $1,786,000 after buying an additional 69,300 shares during the period. SG Americas Securities LLC raised its holdings in shares of Lexington Realty Trust by 1,048.1% during the third quarter. SG Americas Securities LLC now owns 166,334 shares of the real estate investment trust’s stock valued at $1,700,000 after purchasing an additional 151,846 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Lexington Realty Trust by 4.5% during the second quarter. Dimensional Fund Advisors LP now owns 3,180,754 shares of the real estate investment trust’s stock valued at $31,521,000 after purchasing an additional 135,764 shares during the period. Institutional investors and hedge funds own 73.93% of the company’s stock.

Shares of Lexington Realty Trust (NYSE LXP) traded up $0.02 during trading on Monday, hitting $9.56. 801,300 shares of the company traded hands, compared to its average volume of 920,325. 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 one year low of $9.00 and a one year high of $11.42. The company has a market capitalization of $2,300.55, a PE ratio of 35.41, a price-to-earnings-growth ratio of 2.38 and a beta of 0.97.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be issued a $0.1775 dividend. This is a positive change from Lexington Realty Trust’s previous quarterly dividend of $0.18. The ex-dividend date is Thursday, December 28th. This represents a $0.71 annualized dividend and a yield of 7.43%. Lexington Realty Trust’s payout ratio is presently 262.96%.

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About Lexington Realty Trust

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.

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

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