Wall Street analysts expect that Lexington Realty Trust (NYSE:LXP) will announce $80.11 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Lexington Realty Trust’s earnings, with the lowest sales estimate coming in at $78.92 million and the highest estimate coming in at $81.30 million. Lexington Realty Trust posted sales of $81.79 million during the same quarter last year, which suggests a negative year-over-year growth rate of 2.1%. The firm is expected to report its next quarterly earnings results before the market opens on Thursday, August 5th.
On average, analysts expect that Lexington Realty Trust will report full year sales of $330.74 million for the current fiscal year, with estimates ranging from $330.48 million to $331.00 million. For the next fiscal year, analysts expect that the company will post sales of $331.71 million, with estimates ranging from $328.50 million to $334.92 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Lexington Realty Trust.
Lexington Realty Trust (NYSE:LXP) last issued its earnings results on Friday, May 7th. The real estate investment trust reported $0.14 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.05). Lexington Realty Trust had a return on equity of 11.10% and a net margin of 60.26%. The company had revenue of $92.60 million during the quarter, compared to the consensus estimate of $81.68 million. During the same quarter in the prior year, the business earned $0.19 EPS. The firm’s revenue for the quarter was up 14.6% compared to the same quarter last year.
Large investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP purchased a new stake in shares of Lexington Realty Trust in the 1st quarter valued at about $26,000. Eaton Vance Management purchased a new stake in shares of Lexington Realty Trust in the 1st quarter valued at about $27,000. Berman Capital Advisors LLC raised its holdings in shares of Lexington Realty Trust by 99.8% in the 1st quarter. Berman Capital Advisors LLC now owns 3,598 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 1,797 shares in the last quarter. Total Clarity Wealth Management Inc. purchased a new stake in shares of Lexington Realty Trust in the 1st quarter valued at about $60,000. Finally, Point72 Hong Kong Ltd raised its holdings in shares of Lexington Realty Trust by 129.4% in the 1st quarter. Point72 Hong Kong Ltd now owns 6,117 shares of the real estate investment trust’s stock valued at $68,000 after acquiring an additional 3,450 shares in the last quarter. 94.41% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE LXP opened at $12.75 on Thursday. Lexington Realty Trust has a 52 week low of $9.82 and a 52 week high of $13.03. The business has a 50-day moving average of $12.39. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.22. The company has a market cap of $3.54 billion, a P/E ratio of 17.71, a P/E/G ratio of 8.09 and a beta of 0.60.
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 15th. Shareholders of record on Wednesday, June 30th were issued a $0.1075 dividend. The ex-dividend date of this dividend was Tuesday, June 29th. This represents a $0.43 annualized dividend and a dividend yield of 3.37%. Lexington Realty Trust’s payout ratio is currently 56.58%.
Lexington Realty Trust Company Profile
Lexington Realty Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) that owns a portfolio of real estate assets consisting primarily of equity investments in single-tenant net-leased industrial 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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