Lexington Realty Trust (LXP) Forecasted to Earn FY2017 Earnings of $0.96 Per Share

Lexington Realty Trust (NYSE:LXP) – Equities research analysts at Jefferies Group reduced their FY2017 earnings per share (EPS) estimates for shares of Lexington Realty Trust in a report issued on Monday. Jefferies Group analyst J. Petersen now forecasts that the real estate investment trust will post earnings per share of $0.96 for the year, down from their prior forecast of $0.97. Jefferies Group currently has a “Hold” rating and a $11.00 target price on the stock. Jefferies Group also issued estimates for Lexington Realty Trust’s FY2018 earnings at $1.01 EPS.

Other analysts have also issued research reports about the company. Zacks Investment Research upgraded Lexington Realty Trust from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a report on Thursday, October 26th. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Lexington Realty Trust in a report on Tuesday, November 28th. KeyCorp restated a “hold” rating on shares of Lexington Realty Trust in a report on Sunday, September 24th. DA Davidson initiated coverage on Lexington Realty Trust in a report on Monday, September 25th. They set a “neutral” rating and a $10.75 target price for the company. Finally, BidaskClub lowered Lexington Realty Trust from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. Lexington Realty Trust currently has a consensus rating of “Hold” and an average target price of $10.79.

Shares of Lexington Realty Trust (NYSE:LXP) opened at $10.21 on Tuesday. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.73. The firm has a market capitalization 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 twelve month low of $9.00 and a twelve month high of $11.42.

Lexington Realty Trust (NYSE:LXP) last posted its earnings results on Tuesday, November 7th. The real estate investment trust reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $97.70 million during the quarter, compared to analyst estimates of $97.71 million. Lexington Realty Trust had a return on equity of 1.24% and a net margin of 5.44%. Lexington Realty Trust’s revenue was down 8.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.28 earnings per share.

Institutional investors and hedge funds have recently modified their holdings of the company. Adviser Investments LLC purchased a new stake in shares of Lexington Realty Trust during the 3rd quarter valued at $109,000. Tocqueville Asset Management L.P. lifted its holdings in shares of Lexington Realty Trust by 0.7% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 13,600 shares of the real estate investment trust’s stock valued at $135,000 after purchasing an additional 100 shares during the last quarter. Riverhead Capital Management LLC lifted its holdings in shares of Lexington Realty Trust by 86.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 13,784 shares of the real estate investment trust’s stock valued at $137,000 after purchasing an additional 6,384 shares during the last quarter. World Asset Management Inc lifted its holdings 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 valued at $139,000 after purchasing an additional 144 shares during the last quarter. Finally, Ingalls & Snyder LLC purchased a new stake in shares of Lexington Realty Trust during the 3rd quarter valued at $140,000. Hedge funds and other institutional investors own 73.97% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.1775 per share. This represents a $0.71 annualized dividend and a dividend yield of 6.95%. The ex-dividend date of this dividend is Thursday, December 28th. This is a positive change from Lexington Realty Trust’s previous quarterly dividend of $0.18. Lexington Realty Trust’s dividend payout ratio is currently 259.26%.

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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.

Earnings History and Estimates for Lexington Realty Trust (NYSE:LXP)

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