Lexington Realty Trust (NYSE:LXP) will issue its quarterly earnings data before the market opens on Tuesday, November 7th. Analysts expect the company to announce earnings of $0.07 per share for the quarter. Lexington Realty Trust has set its FY17 guidance at $0.94-0.98 EPS.
Lexington Realty Trust (NYSE:LXP) last issued its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). The business had revenue of $95.70 million during the quarter, compared to analyst estimates of $95.41 million. Lexington Realty Trust had a return on equity of 2.92% and a net margin of 9.80%. The firm’s quarterly revenue was down 12.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.29 earnings per share. On average, analysts expect Lexington Realty Trust to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Lexington Realty Trust (NYSE LXP) opened at $10.19 on Monday. The firm has a market capitalization of $2,451.93, a PE ratio of 10.40, a PEG ratio of 2.66 and a beta of 0.95. Lexington Realty Trust has a 52 week low of $9.00 and a 52 week high of $11.42. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.48.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were paid a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 6.87%. The ex-dividend date of this dividend was Thursday, September 28th. Lexington Realty Trust’s dividend payout ratio is currently 500.00%.
In related news, CEO T Wilson Eglin sold 24,170 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $9.81, for a total transaction of $237,107.70. Following the transaction, the chief executive officer now directly owns 2,223,251 shares of the company’s stock, valued at approximately $21,810,092.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.10% of the company’s stock.
Several research firms have recently weighed in on LXP. Jefferies Group LLC reaffirmed a “hold” rating and issued a $11.00 price objective on shares of Lexington Realty Trust in a research note on Tuesday, October 24th. BidaskClub raised Lexington Realty Trust from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Zacks Investment Research raised Lexington Realty Trust from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Thursday, October 26th. DA Davidson began coverage on Lexington Realty Trust in a research note on Monday, September 25th. They issued a “neutral” rating and a $10.75 price objective on the stock. Finally, KeyCorp reaffirmed a “hold” rating on shares of Lexington Realty Trust in a research note on Sunday, September 24th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $10.79.
Lexington Realty Trust Company Profile
Lexington Realty Trust is a real estate investment trust (REIT). The Company owns a portfolio of equity and debt investments in single-tenant commercial properties. As of December 31, 2016, the Company had equity ownership interests in approximately 195 consolidated real estate properties, located in 40 states and containing an aggregate of approximately 43.3 million square feet of space, approximately 96.0% of which was leased.
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