Lexington Realty Trust (NYSE:LXP) – Equities researchers at Jefferies Group issued their FY2019 earnings estimates for Lexington Realty Trust in a report issued on Monday. Jefferies Group analyst J. Petersen forecasts that the real estate investment trust will earn $1.02 per share for the year. Jefferies Group currently has a “Hold” rating and a $11.00 target price on the stock.
Lexington Realty Trust (NYSE:LXP) last posted its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The firm had revenue of $97.70 million during the quarter, compared to analyst estimates of $97.71 million. Lexington Realty Trust had a net margin of 17.96% and a return on equity of 5.29%. The company’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same quarter last year, the business posted $0.28 EPS.
Lexington Realty Trust (NYSE:LXP) traded down $0.12 during trading hours on Wednesday, reaching $10.21. 462,772 shares of the company’s stock traded hands, compared to its average volume of 1,073,969. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.19 and a current ratio of 0.19. The stock has a market cap of $2,507.51, a price-to-earnings ratio of 10.97, a price-to-earnings-growth ratio of 2.72 and a beta of 0.96. Lexington Realty Trust has a 52-week low of $9.00 and a 52-week high of $11.42.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.1775 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.71 annualized dividend and a dividend yield of 6.95%. This is a positive change from Lexington Realty Trust’s previous quarterly dividend of $0.18. Lexington Realty Trust’s dividend payout ratio (DPR) is presently 259.26%.
Hedge funds have recently modified their holdings of the company. RMR Advisors LLC increased its stake in shares of Lexington Realty Trust by 17.7% during the 3rd quarter. RMR Advisors LLC now owns 399,058 shares of the real estate investment trust’s stock worth $4,078,000 after purchasing an additional 60,000 shares during the last quarter. World Asset Management Inc increased its stake in shares of Lexington Realty Trust by 1.0% during the 2nd quarter. World Asset Management Inc now owns 14,014 shares of the real estate investment trust’s stock worth $139,000 after purchasing an additional 144 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of Lexington Realty Trust by 10.6% during the 2nd quarter. Prudential Financial Inc. now owns 2,552,690 shares of the real estate investment trust’s stock worth $25,297,000 after purchasing an additional 245,469 shares during the last quarter. Forsta AP Fonden increased its stake in shares of Lexington Realty Trust by 65.7% during the 3rd quarter. Forsta AP Fonden now owns 174,800 shares of the real estate investment trust’s stock worth $1,786,000 after purchasing an additional 69,300 shares during the last quarter. Finally, Virginia Retirement Systems ET AL increased its stake in shares of Lexington Realty Trust by 8.8% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 324,200 shares of the real estate investment trust’s stock worth $3,213,000 after purchasing an additional 26,200 shares during the last quarter. Institutional investors own 73.97% of the company’s stock.
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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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