Lexington Realty Trust Expected to Post FY2019 Earnings of $0.79 Per Share (NYSE:LXP)
Lexington Realty Trust (NYSE:LXP) – Stock analysts at Jefferies Financial Group upped their FY2019 earnings per share estimates for Lexington Realty Trust in a report issued on Monday, July 15th. Jefferies Financial Group analyst J. Petersen now expects that the real estate investment trust will earn $0.79 per share for the year, up from their previous estimate of $0.78. Jefferies Financial Group also issued estimates for Lexington Realty Trust’s Q1 2021 earnings at $0.21 EPS and FY2021 earnings at $0.83 EPS.
Lexington Realty Trust (NYSE:LXP) last announced 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 consensus estimate of $0.21 by ($0.10). Lexington Realty Trust had a net margin of 72.14% and a return on equity of 21.72%. The firm had revenue of $81.25 million for the quarter, compared to analyst estimates of $80.70 million. During the same period last year, the firm posted $0.25 EPS. The business’s revenue was down 21.0% compared to the same quarter last year.
Shares of LXP opened at $9.64 on Wednesday. Lexington Realty Trust has a 1 year low of $7.66 and a 1 year high of $9.88. The firm has a market capitalization of $2.25 billion, a P/E ratio of 10.04, a price-to-earnings-growth ratio of 13.70 and a beta of 0.88. 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’s fifty day moving average price is $9.46.
The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a dividend of $0.102 per share. This represents a $0.41 annualized dividend and a dividend yield of 4.23%. The ex-dividend date of this dividend was Thursday, June 27th. Lexington Realty Trust’s dividend payout ratio (DPR) is 42.71%.
In related news, EVP Joseph Bonventre sold 20,000 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $9.30, for a total value of $186,000.00. Following the completion of the sale, the executive vice president now owns 362,103 shares of the company’s stock, valued at $3,367,557.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.26% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Bremer Bank National Association acquired a new stake in Lexington Realty Trust in the first quarter worth about $37,000. Quadrant Capital Group LLC lifted its holdings in Lexington Realty Trust by 842.1% in the first quarter. Quadrant Capital Group LLC now owns 10,325 shares of the real estate investment trust’s stock worth $91,000 after purchasing an additional 9,229 shares during the period. Parametrica Management Ltd acquired a new stake in Lexington Realty Trust in the first quarter worth about $100,000. Marshall Wace North America L.P. acquired a new stake in Lexington Realty Trust in the first quarter worth about $105,000. Finally, Nisa Investment Advisors LLC lifted its holdings in Lexington Realty Trust by 4,590.7% in the first quarter. Nisa Investment Advisors LLC now owns 12,665 shares of the real estate investment trust’s stock worth $115,000 after purchasing an additional 12,395 shares during the period. 85.32% of the stock is owned by institutional investors and hedge funds.
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 industrial portfolio through build-to-suit transactions, sale-leaseback transactions and other transactions, including acquisitions.
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