Lexington Realty Trust (LXP) Scheduled to Post Earnings on Tuesday
Lexington Realty Trust (NYSE:LXP) will release its earnings data before the market opens on Tuesday, November 7th. Analysts expect Lexington Realty Trust to post earnings of $0.07 per share for the quarter. Lexington Realty Trust has set its FY17 guidance at $0.94-0.98 EPS.
Lexington Realty Trust (NYSE:LXP) last posted its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.01). The firm had revenue of $95.70 million for the quarter, compared to the consensus estimate of $95.41 million. Lexington Realty Trust had a net margin of 9.80% and a return on equity of 2.92%. The business’s revenue was down 12.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.29 earnings per share. On average, analysts expect Lexington Realty Trust to post $0.96 EPS for the current fiscal year and $1.01 EPS for the next fiscal year.
Lexington Realty Trust (NYSE LXP) traded down 0.347% during mid-day trading on Tuesday, reaching $10.065. The company’s stock had a trading volume of 265,422 shares. The firm’s 50 day moving average is $10.28 and its 200-day moving average is $10.04. The stock has a market cap of $2.42 billion, a P/E ratio of 74.556 and a beta of 0.96. Lexington Realty Trust has a one year low of $9.00 and a one year high of $11.42.
The business also recently announced a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were paid a $0.175 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.70 dividend on an annualized basis and a yield of 6.93%. Lexington Realty Trust’s dividend payout ratio is currently 500.00%.
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A number of brokerages have commented on LXP. Zacks Investment Research upgraded shares of Lexington Realty Trust from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Thursday, August 3rd. DA Davidson began coverage on shares of Lexington Realty Trust in a research note on Monday, September 25th. They set a “neutral” rating and a $10.75 price objective on the stock. BidaskClub downgraded shares of Lexington Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Stifel Nicolaus reiterated a “hold” rating and set a $10.00 price objective on shares of Lexington Realty Trust in a research note on Thursday, July 6th. Finally, Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Lexington Realty Trust in a research note on Thursday, August 17th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $10.79.
In related news, CEO T Wilson Eglin sold 24,170 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $9.81, for a total transaction of $237,107.70. Following the completion of the sale, the chief executive officer now owns 2,223,251 shares of the company’s stock, valued at $21,810,092.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.10% 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.
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