Equities analysts predict that Lexington Realty Trust (NYSE:LXP) will post earnings per share (EPS) of $0.25 for the current quarter, according to Zacks. Three analysts have issued estimates for Lexington Realty Trust’s earnings, with the lowest EPS estimate coming in at $0.24 and the highest estimate coming in at $0.25. Lexington Realty Trust posted earnings per share of $0.23 during the same quarter last year, which indicates a positive year over year growth rate of 8.7%. The firm is expected to announce its next quarterly earnings report on Tuesday, August 14th.

According to Zacks, analysts expect that Lexington Realty Trust will report full year earnings of $0.98 per share for the current financial year, with EPS estimates ranging from $0.97 to $0.99. For the next financial year, analysts expect that the business will post earnings of $0.96 per share, with EPS estimates ranging from $0.93 to $1.00. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Lexington Realty Trust.

Lexington Realty Trust (NYSE:LXP) last released its earnings results on Tuesday, May 8th. The real estate investment trust reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.32). The firm had revenue of $102.60 million during the quarter, compared to the consensus estimate of $101.02 million. Lexington Realty Trust had a net margin of 7.33% and a return on equity of 2.34%. The company’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 EPS.

Several research analysts have weighed in on LXP shares. ValuEngine lowered Lexington Realty Trust from a “sell” rating to a “strong sell” rating in a research report on Wednesday. Zacks Investment Research raised Lexington Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, May 12th. Stifel Nicolaus lowered Lexington Realty Trust from a “hold” rating to a “sell” rating and lowered their price target for the stock from $8.50 to $7.00 in a research report on Tuesday, May 8th. JPMorgan Chase & Co. lowered their price target on Lexington Realty Trust from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 10th. Finally, Barclays decreased their target price on Lexington Realty Trust from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Tuesday, March 20th. Four research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Lexington Realty Trust currently has an average rating of “Hold” and an average target price of $9.68.

Lexington Realty Trust traded up $0.08, hitting $8.59, during trading on Monday, according to MarketBeat. The stock had a trading volume of 15,661 shares, compared to its average volume of 1,194,958. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 8.81, a PEG ratio of 1.97 and a beta of 0.89. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.13 and a current ratio of 0.13. Lexington Realty Trust has a 12 month low of $7.59 and a 12 month high of $10.65.

Several hedge funds have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. boosted its stake in Lexington Realty Trust by 3.1% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 2,840,054 shares of the real estate investment trust’s stock valued at $27,407,000 after purchasing an additional 86,353 shares during the period. Teacher Retirement System of Texas boosted its stake in Lexington Realty Trust by 320.6% in the 4th quarter. Teacher Retirement System of Texas now owns 74,419 shares of the real estate investment trust’s stock valued at $718,000 after purchasing an additional 56,726 shares during the period. California Public Employees Retirement System boosted its stake in Lexington Realty Trust by 3.3% in the 4th quarter. California Public Employees Retirement System now owns 762,451 shares of the real estate investment trust’s stock valued at $7,358,000 after purchasing an additional 24,062 shares during the period. Swiss National Bank boosted its stake in Lexington Realty Trust by 2.7% in the 4th quarter. Swiss National Bank now owns 368,900 shares of the real estate investment trust’s stock valued at $3,560,000 after purchasing an additional 9,800 shares during the period. Finally, Gradient Investments LLC boosted its stake in Lexington Realty Trust by 7.3% in the 4th quarter. Gradient Investments LLC now owns 724,861 shares of the real estate investment trust’s stock valued at $6,995,000 after purchasing an additional 49,128 shares during the period. 74.26% of the stock is currently owned by institutional investors and hedge funds.

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 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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