Lexington Realty Trust (NYSE:LXP) Posts Earnings Results, Beats Expectations By $0.14 EPS

Lexington Realty Trust (NYSE:LXP) released its quarterly earnings results on Thursday. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.14, Fidelity Earnings reports. Lexington Realty Trust had a net margin of 66.66% and a return on equity of 16.76%. The business had revenue of $81.60 million for the quarter, compared to analyst estimates of $77.70 million. During the same quarter in the previous year, the business earned $0.22 earnings per share. The firm’s revenue was down 6.5% compared to the same quarter last year. Lexington Realty Trust updated its FY 2020
Pre-Market guidance to 0.74-0.77 EPS and its FY20 guidance to $0.74-0.77 EPS.

Lexington Realty Trust stock remained flat at $$11.75 during mid-day trading on Friday. 328,442 shares of the company’s stock were exchanged, compared to its average volume of 1,567,384. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.31. Lexington Realty Trust has a 12-month low of $8.76 and a 12-month high of $11.77. The stock’s 50 day simple moving average is $11.02 and its 200 day simple moving average is $10.65. The stock has a market cap of $2.85 billion, a price-to-earnings ratio of 13.20, a price-to-earnings-growth ratio of -2.87 and a beta of 0.86.

Several research analysts have recently commented on the stock. Stifel Nicolaus lowered shares of Lexington Realty Trust from a “buy” rating to a “hold” rating and dropped their price target for the stock from $11.50 to $10.50 in a research note on Wednesday, January 8th. JPMorgan Chase & Co. increased their price target on shares of Lexington Realty Trust from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Finally, Zacks Investment Research raised shares of Lexington Realty Trust from a “sell” rating to a “hold” rating in a report on Friday, January 17th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $10.60.

In other Lexington Realty Trust news, EVP Lara Sweeney Johnson sold 28,271 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $11.12, for a total value of $314,373.52. Following the completion of the sale, the executive vice president now directly owns 370,684 shares of the company’s stock, valued at approximately $4,122,006.08. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.26% of the stock is owned by corporate insiders.

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 for Lexington Realty Trust (NYSE:LXP)

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