Lexington Realty Trust (NYSE:LXP) declared a quarterly dividend on Monday, June 17th, NASDAQ reports. Stockholders of record on Friday, June 28th will be given a dividend of 0.102 per share by the real estate investment trust on Monday, July 15th. This represents a $0.41 annualized dividend and a dividend yield of 4.32%. The ex-dividend date is Thursday, June 27th.

Lexington Realty Trust has raised its dividend payment by an average of 1.4% per year over the last three years and has increased its dividend every year for the last 8 years. Lexington Realty Trust has a payout ratio of 43.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Lexington Realty Trust to earn $0.77 per share next year, which means the company should continue to be able to cover its $0.41 annual dividend with an expected future payout ratio of 53.2%.

Shares of NYSE:LXP traded down $0.09 during midday trading on Wednesday, hitting $9.45. The company had a trading volume of 85,132 shares, compared to its average volume of 1,852,836. Lexington Realty Trust has a 12 month low of $7.66 and a 12 month high of $9.88. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.37. The company has a market cap of $2.22 billion, a PE ratio of 9.84, a price-to-earnings-growth ratio of 13.80 and a beta of 0.89. The business has a fifty day moving average of $9.30.

Lexington Realty Trust (NYSE:LXP) last posted its quarterly earnings results on Wednesday, May 8th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.10). Lexington Realty Trust had a return on equity of 21.72% and a net margin of 72.14%. The company had revenue of $81.25 million during the quarter, compared to the consensus estimate of $80.70 million. During the same quarter in the prior year, the business earned $0.25 earnings per share. The firm’s revenue for the quarter was down 21.0% on a year-over-year basis. On average, sell-side analysts forecast that Lexington Realty Trust will post 0.78 earnings per share for the current fiscal year.

LXP has been the topic of several research analyst reports. Zacks Investment Research raised Lexington Realty Trust from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research note on Wednesday, May 1st. Stifel Nicolaus raised Lexington Realty Trust from a “sell” rating to a “hold” rating and set a $9.15 price objective on the stock in a research note on Tuesday, May 28th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $9.29.

In related news, EVP Joseph Bonventre sold 20,000 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $9.30, for a total transaction of $186,000.00. Following the sale, the executive vice president now owns 362,103 shares of the company’s stock, valued at approximately $3,367,557.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.26% of the company’s stock.

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 industrial portfolio through build-to-suit transactions, sale-leaseback transactions and other transactions, including acquisitions.

Further Reading: Stock Symbols Definition, Examples, Lookup

Dividend History for Lexington Realty Trust (NYSE:LXP)

Receive News & Ratings for Lexington Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lexington Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.