Lexington Realty Trust (NYSE:LXP) – Jefferies Group issued their FY2019 EPS estimates for Lexington Realty Trust in a research note issued to investors on Wednesday. Jefferies Group analyst J. Petersen forecasts that the real estate investment trust will post earnings per share of $1.06 for the year. Jefferies Group currently has a “Hold” rating and a $11.00 price objective on the stock.

Several other equities research analysts have also recently issued reports on LXP. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Lexington Realty Trust in a research report on Monday, March 20th. Zacks Investment Research cut shares of Lexington Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, March 23rd. Evercore ISI upgraded shares of Lexington Realty Trust from an “in-line” rating to an “outperform” rating and set a $11.00 price objective for the company in a research report on Thursday, May 25th. BidaskClub upgraded shares of Lexington Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Finally, Stifel Nicolaus restated a “hold” rating and set a $10.00 price objective on shares of Lexington Realty Trust in a research report on Thursday, July 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $10.50.

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Shares of Lexington Realty Trust (NYSE:LXP) traded up 1.29% during trading on Friday, reaching $10.18. 235,623 shares of the company traded hands. The stock has a market capitalization of $2.45 billion, a PE ratio of 30.12 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 firm has a 50 day moving average of $9.84 and a 200 day moving average of $10.36.

Lexington Realty Trust (NYSE:LXP) last posted its earnings results on Tuesday, May 9th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $96.10 million during the quarter, compared to the consensus estimate of $94.72 million. Lexington Realty Trust had a return on equity of 5.97% and a net margin of 19.61%. The business’s quarterly revenue was down 13.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 earnings per share.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Friday, June 30th will be issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 6.97%. The ex-dividend date of this dividend is Wednesday, June 28th. Lexington Realty Trust’s dividend payout ratio (DPR) is currently 218.76%.

In related news, EVP Joseph Bonventre sold 135,298 shares of Lexington Realty Trust stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $10.13, for a total value of $1,370,568.74. Following the completion of the transaction, the executive vice president now owns 360,709 shares in the company, valued at $3,653,982.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman E Robert Roskind sold 70,000 shares of Lexington Realty Trust stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $9.54, for a total transaction of $667,800.00. Following the completion of the transaction, the chairman now owns 792,435 shares of the company’s stock, valued at approximately $7,559,829.90. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. purchased a new position in shares of Lexington Realty Trust during the fourth quarter worth about $1,288,000. Allianz Asset Management AG increased its position in shares of Lexington Realty Trust by 17.8% in the fourth quarter. Allianz Asset Management AG now owns 48,399 shares of the real estate investment trust’s stock worth $523,000 after buying an additional 7,324 shares in the last quarter. Norges Bank purchased a new position in shares of Lexington Realty Trust during the fourth quarter worth about $26,259,000. Teachers Advisors LLC increased its position in shares of Lexington Realty Trust by 4.2% in the fourth quarter. Teachers Advisors LLC now owns 383,869 shares of the real estate investment trust’s stock worth $4,146,000 after buying an additional 15,305 shares in the last quarter. Finally, Foundry Partners LLC increased its position in shares of Lexington Realty Trust by 2,123.0% in the first quarter. Foundry Partners LLC now owns 926,895 shares of the real estate investment trust’s stock worth $9,250,000 after buying an additional 885,199 shares in the last quarter. Institutional investors own 74.00% of the company’s stock.

About Lexington Realty Trust

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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