Lexington Realty Trust (NYSE:LXP) – KeyCorp increased their Q3 2016 earnings per share (EPS) estimates for Lexington Realty Trust in a research report issued to clients and investors on Tuesday. KeyCorp analyst C. Mailman now expects that the brokerage will earn $0.28 per share for the quarter, up from their previous forecast of $0.27. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Lexington Realty Trust’s FY2016 earnings at $1.10 EPS and FY2017 earnings at $0.97 EPS.

Lexington Realty Trust (NYSE:LXP) last announced its quarterly earnings data on Tuesday, August 9th. The real estate investment trust reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.02. The firm earned $109.60 million during the quarter, compared to the consensus estimate of $103.72 million. Lexington Realty Trust had a net margin of 29.34% and a return on equity of 9.26%. The firm’s revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.27 earnings per share.

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

A number of other brokerages also recently weighed in on LXP. Zacks Investment Research raised shares of Lexington Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, August 11th. Barclays PLC restated a “hold” rating and issued a $10.00 target price on shares of Lexington Realty Trust in a research report on Tuesday, August 16th. Finally, Jefferies Group restated a “neutral” rating on shares of Lexington Realty Trust in a research report on Wednesday, August 10th. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The stock has an average rating of “Hold” and a consensus price target of $10.25.

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Lexington Realty Trust (NYSE:LXP) traded up 0.758% during midday trading on Thursday, hitting $9.975. 181,669 shares of the stock were exchanged. Lexington Realty Trust has a 52 week low of $6.52 and a 52 week high of $11.02. The firm’s 50-day moving average is $10.37 and its 200 day moving average is $9.85. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 19.331 and a beta of 1.17.

A number of hedge funds and other institutional investors have recently bought and sold shares of LXP. World Asset Management Inc purchased a new position in Lexington Realty Trust during the second quarter worth about $108,000. Paragon Capital Management Ltd acquired a new position in Lexington Realty Trust during the second quarter worth approximately $116,000. Hancock Holding Co. acquired a new position in Lexington Realty Trust during the first quarter worth approximately $101,000. Genesee Valley Trust Co. acquired a new position in Lexington Realty Trust during the second quarter worth approximately $125,000. Finally, Public Employees Retirement System of Ohio increased its position in Lexington Realty Trust by 8.1% in the second quarter. Public Employees Retirement System of Ohio now owns 12,906 shares of the real estate investment trust’s stock worth $130,000 after buying an additional 967 shares during the last quarter. Institutional investors and hedge funds own 71.41% of the company’s stock.

In related news, Vice Chairman Richard J. Rouse sold 25,000 shares of the firm’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $10.70, for a total value of $267,500.00. Following the transaction, the insider now directly owns 628,648 shares in the company, valued at approximately $6,726,533.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.30% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be paid a dividend of $0.175 per share. This is a positive change from Lexington Realty Trust’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.70 annualized dividend and a dividend yield of 7.07%. Lexington Realty Trust’s dividend payout ratio is 134.62%.

About Lexington Realty Trust

Lexington Realty Trust is a self-managed and self-administered real estate investment trust (REIT). The Company owns a portfolio of equity and debt investments in single-tenant properties and land. The Company’s segment is single-tenant real estate assets. The Company also provides investment advisory and asset management services to investors in the single-tenant area.

5 Day Chart for NYSE:LXP

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