FY2019 EPS Estimates for Lexington Realty Trust Boosted by Analyst (LXP)

Lexington Realty Trust (NYSE:LXP) – Investment analysts at KeyCorp upped their FY2019 earnings per share estimates for shares of Lexington Realty Trust in a report released on Thursday, April 11th. KeyCorp analyst C. Mailman now forecasts that the real estate investment trust will post earnings of $0.79 per share for the year, up from their previous estimate of $0.78. KeyCorp also issued estimates for Lexington Realty Trust’s FY2020 earnings at $0.74 EPS.

Lexington Realty Trust (NYSE:LXP) last released its quarterly earnings data on Wednesday, February 27th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.10). Lexington Realty Trust had a net margin of 57.52% and a return on equity of 18.56%. The company had revenue of $87.25 million for the quarter, compared to analyst estimates of $86.04 million. During the same quarter in the prior year, the firm earned $0.26 EPS. The company’s revenue for the quarter was down 14.6% compared to the same quarter last year.

Other research analysts have also issued research reports about the company. TheStreet upgraded Lexington Realty Trust from a “c+” rating to a “b-” rating in a research report on Tuesday, February 5th. DA Davidson upgraded Lexington Realty Trust from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 22nd. Finally, Zacks Investment Research upgraded Lexington Realty Trust from a “hold” rating to a “buy” rating and set a $9.00 price objective for the company in a research report on Wednesday, December 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Lexington Realty Trust presently has a consensus rating of “Hold” and a consensus target price of $8.50.

NYSE:LXP opened at $8.93 on Monday. Lexington Realty Trust has a 12-month low of $7.59 and a 12-month high of $9.70. The company has a market cap of $2.15 billion, a P/E ratio of 9.30, a P/E/G ratio of 10.44 and a beta of 1.00. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.34.

Institutional investors have recently made changes to their positions in the business. Bremer Trust National Association bought a new stake in Lexington Realty Trust during the 4th quarter valued at $34,000. NumerixS Investment Technologies Inc bought a new stake in Lexington Realty Trust during the 4th quarter valued at $95,000. Keybank National Association OH raised its stake in Lexington Realty Trust by 12.6% during the 4th quarter. Keybank National Association OH now owns 11,820 shares of the real estate investment trust’s stock valued at $97,000 after acquiring an additional 1,320 shares in the last quarter. Virtu Financial LLC bought a new stake in Lexington Realty Trust during the 1st quarter valued at $136,000. Finally, Pitcairn Co. bought a new stake in Lexington Realty Trust during the 4th quarter valued at $130,000. 76.45% of the stock is currently owned by hedge funds and other institutional investors.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a dividend of $0.102 per share. This represents a $0.41 annualized dividend and a yield of 4.57%. The ex-dividend date of this dividend was Thursday, March 28th. Lexington Realty Trust’s payout ratio is currently 42.71%.

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

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