$0.25 EPS Expected for Lexington Realty Trust (LXP) This Quarter
Analysts expect Lexington Realty Trust (NYSE:LXP) to announce earnings of $0.25 per share for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Lexington Realty Trust’s earnings. The lowest EPS estimate is $0.25 and the highest is $0.26. Lexington Realty Trust reported earnings per share of $0.06 during the same quarter last year, which would suggest a positive year over year growth rate of 316.7%. The business is scheduled to issue its next earnings results on Wednesday, March 7th.
On average, analysts expect that Lexington Realty Trust will report full-year earnings of $0.96 per share for the current fiscal year, with EPS estimates ranging from $0.94 to $0.97. For the next financial year, analysts anticipate that the company will report earnings of $1.01 per share, with EPS estimates ranging from $0.98 to $1.03. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Lexington Realty Trust.
Lexington Realty Trust (NYSE:LXP) last announced its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. Lexington Realty Trust had a net margin of 17.96% and a return on equity of 5.29%. The firm had revenue of $97.70 million during the quarter, compared to analyst estimates of $97.71 million. During the same quarter in the prior year, the firm posted $0.28 earnings per share. Lexington Realty Trust’s quarterly revenue was down 8.1% on a year-over-year basis.
Shares of Lexington Realty Trust (LXP) traded down $0.06 on Tuesday, hitting $10.42. 943,100 shares of the company were exchanged, compared to its average volume of 1,078,065. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.19 and a quick ratio of 0.19. Lexington Realty Trust has a 12-month low of $9.00 and a 12-month high of $11.42. The stock has a market capitalization of $2,510.00, a price-to-earnings ratio of 11.03, a P/E/G ratio of 2.74 and a beta of 0.96.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be given a $0.1775 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.71 dividend on an annualized basis and a yield of 6.81%. This is a boost from Lexington Realty Trust’s previous quarterly dividend of $0.18. Lexington Realty Trust’s dividend payout ratio is presently 241.38%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Adviser Investments LLC acquired a new position in Lexington Realty Trust in the third quarter valued at about $109,000. Tocqueville Asset Management L.P. lifted its position in shares of Lexington Realty Trust by 0.7% during the second quarter. Tocqueville Asset Management L.P. now owns 13,600 shares of the real estate investment trust’s stock worth $135,000 after purchasing an additional 100 shares in the last quarter. Riverhead Capital Management LLC lifted its position in shares of Lexington Realty Trust by 86.3% during the second quarter. Riverhead Capital Management LLC now owns 13,784 shares of the real estate investment trust’s stock worth $137,000 after purchasing an additional 6,384 shares in the last quarter. World Asset Management Inc lifted its position in shares of Lexington Realty Trust by 1.0% during the second quarter. World Asset Management Inc now owns 14,014 shares of the real estate investment trust’s stock worth $139,000 after purchasing an additional 144 shares in the last quarter. Finally, Ingalls & Snyder LLC acquired a new stake in shares of Lexington Realty Trust during the third quarter worth about $140,000. 73.97% of the stock is currently owned by institutional investors.
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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