Lexington Realty Trust (NYSE:LXP) – DA Davidson issued their Q1 2020 EPS estimates for Lexington Realty Trust in a report issued on Tuesday, November 6th. DA Davidson analyst B. Oxford expects that the real estate investment trust will post earnings of $0.20 per share for the quarter. DA Davidson also issued estimates for Lexington Realty Trust’s Q2 2020 earnings at $0.20 EPS, Q3 2020 earnings at $0.20 EPS and FY2020 earnings at $0.81 EPS.

Lexington Realty Trust (NYSE:LXP) last released its earnings results on Tuesday, November 6th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.16). Lexington Realty Trust had a return on equity of 19.03% and a net margin of 56.75%. The firm had revenue of $99.96 million during the quarter, compared to analyst estimates of $96.87 million. During the same quarter last year, the company earned $0.25 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis.

A number of other equities research analysts also recently commented on LXP. Zacks Investment Research downgraded Lexington Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 16th. Jefferies Financial Group reiterated a “hold” rating and set a $9.00 price objective on shares of Lexington Realty Trust in a research report on Thursday, August 9th. ValuEngine downgraded Lexington Realty Trust from a “sell” rating to a “strong sell” rating in a research report on Wednesday, September 12th. Finally, Wells Fargo & Co upgraded Lexington Realty Trust from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $8.50 to $9.00 in a research report on Thursday, September 27th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. Lexington Realty Trust has a consensus rating of “Hold” and a consensus price target of $8.60.

Shares of NYSE:LXP opened at $8.41 on Thursday. Lexington Realty Trust has a one year low of $7.59 and a one year high of $10.62. The firm has a market cap of $1.97 billion, a PE ratio of 8.67, a P/E/G ratio of 4.40 and a beta of 0.84. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.40 and a quick ratio of 0.14.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were given a dividend of $0.1775 per share. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 8.44%. Lexington Realty Trust’s dividend payout ratio (DPR) is presently 73.20%.

Several large investors have recently made changes to their positions in the company. BlackRock Inc. lifted its position in shares of Lexington Realty Trust by 3.0% during the 3rd quarter. BlackRock Inc. now owns 37,141,546 shares of the real estate investment trust’s stock valued at $308,276,000 after acquiring an additional 1,073,753 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Lexington Realty Trust by 2.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,555,532 shares of the real estate investment trust’s stock valued at $29,511,000 after purchasing an additional 82,443 shares during the period. Alliancebernstein L.P. raised its stake in Lexington Realty Trust by 3.8% during the 3rd quarter. Alliancebernstein L.P. now owns 397,349 shares of the real estate investment trust’s stock valued at $3,298,000 after purchasing an additional 14,502 shares during the period. Commonwealth Bank of Australia acquired a new stake in Lexington Realty Trust during the 3rd quarter valued at $229,000. Finally, Redpoint Investment Management Pty Ltd acquired a new stake in Lexington Realty Trust during the 3rd quarter valued at $138,000. Institutional investors own 73.61% of the company’s stock.

Lexington Realty Trust Company Profile

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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