Analysts expect that Lexington Realty Trust (NYSE:LXP) will post earnings per share (EPS) of $0.20 for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Lexington Realty Trust’s earnings. The lowest EPS estimate is $0.20 and the highest is $0.21. Lexington Realty Trust posted earnings per share of $0.26 during the same quarter last year, which would indicate a negative year-over-year growth rate of 23.1%. The company is expected to announce its next earnings report on Tuesday, February 26th.

On average, analysts expect that Lexington Realty Trust will report full-year earnings of $0.94 per share for the current year, with EPS estimates ranging from $0.93 to $0.96. For the next financial year, analysts expect that the business will post earnings of $0.78 per share, with EPS estimates ranging from $0.76 to $0.82. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Lexington Realty Trust.

Lexington Realty Trust (NYSE:LXP) last announced its quarterly earnings data on Tuesday, November 6th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.16). The firm had revenue of $99.96 million for the quarter, compared to analyst estimates of $96.87 million. Lexington Realty Trust had a return on equity of 19.03% and a net margin of 56.75%. Lexington Realty Trust’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.25 EPS.

LXP has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Lexington Realty Trust from a “hold” rating to a “buy” rating and set a $9.00 price objective for the company in a research report on Wednesday, December 26th. ValuEngine raised Lexington Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, December 1st. Jefferies Financial Group upgraded Lexington Realty Trust from a “hold” rating to a “buy” rating in a research note on Friday, October 12th. Finally, Wells Fargo & Co raised Lexington Realty Trust from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $8.50 to $9.00 in a research report on Thursday, September 27th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $8.67.

NYSE LXP traded down $0.05 during trading on Friday, hitting $8.69. 55,721 shares of the company’s stock traded hands, compared to its average volume of 1,842,581. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of 8.98, a PEG ratio of 4.53 and a beta of 0.86. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.44. Lexington Realty Trust has a 12-month low of $7.59 and a 12-month high of $9.52.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be paid a $0.1775 dividend. This represents a $0.71 dividend on an annualized basis and a dividend yield of 8.17%. The ex-dividend date is Friday, December 28th. Lexington Realty Trust’s payout ratio is 73.20%.

A number of institutional investors have recently bought and sold shares of LXP. Sei Investments Co. increased its holdings in shares of Lexington Realty Trust by 43.7% in the second quarter. Sei Investments Co. now owns 100,274 shares of the real estate investment trust’s stock worth $876,000 after acquiring an additional 30,491 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Lexington Realty Trust by 6.4% during the 2nd quarter. BlackRock Inc. now owns 36,067,793 shares of the real estate investment trust’s stock valued at $314,871,000 after acquiring an additional 2,182,275 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Lexington Realty Trust by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,466,420 shares of the real estate investment trust’s stock worth $30,262,000 after buying an additional 27,694 shares during the period. First Republic Investment Management Inc. bought a new position in shares of Lexington Realty Trust in the 2nd quarter worth about $228,000. Finally, Paloma Partners Management Co bought a new stake in Lexington Realty Trust in the 2nd quarter valued at about $122,000. 74.97% of the stock is currently owned by institutional investors.

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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