FY2017 EPS Estimates for Lexington Realty Trust Lowered by Analyst (LXP)
Lexington Realty Trust (NYSE:LXP) – Equities researchers at Jefferies Group cut their FY2017 EPS estimates for shares of Lexington Realty Trust in a research note issued to investors on Monday. Jefferies Group analyst J. Petersen now forecasts that the real estate investment trust will post earnings of $0.96 per share for the year, down from their prior forecast of $0.97. Jefferies Group currently has a “Hold” rating and a $11.00 price target on the stock. Jefferies Group also issued estimates for Lexington Realty Trust’s FY2018 earnings at $1.01 EPS.
Lexington Realty Trust (NYSE:LXP) last posted its earnings results on Tuesday, November 7th. The real estate investment trust reported $0.25 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $97.71 million. During the same period in the previous year, the firm posted $0.28 EPS. The company’s revenue for the quarter was down 8.1% compared to the same quarter last year.
Shares of Lexington Realty Trust (NYSE:LXP) opened at $10.42 on Tuesday. Lexington Realty Trust has a 1-year low of $9.00 and a 1-year high of $11.42. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.73. The firm has a market cap of $2,510.00, a P/E ratio of 11.03, a price-to-earnings-growth ratio of 2.74 and a beta of 0.96.
Several large investors have recently bought and sold shares of LXP. Denver Investment Advisors LLC bought a new stake in shares of Lexington Realty Trust in the 2nd quarter valued at $17,700,000. Schwab Charles Investment Management Inc. lifted its position in shares of Lexington Realty Trust by 49.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,684,423 shares of the real estate investment trust’s stock valued at $26,603,000 after acquiring an additional 892,164 shares during the period. American Century Companies Inc. lifted its position in shares of Lexington Realty Trust by 35.6% during the 3rd quarter. American Century Companies Inc. now owns 2,261,255 shares of the real estate investment trust’s stock valued at $23,110,000 after acquiring an additional 593,604 shares during the period. Macquarie Group Ltd. lifted its position in shares of Lexington Realty Trust by 6.3% during the 3rd quarter. Macquarie Group Ltd. now owns 5,633,077 shares of the real estate investment trust’s stock valued at $57,570,000 after acquiring an additional 332,341 shares during the period. Finally, WINTON GROUP Ltd lifted its position in shares of Lexington Realty Trust by 120.7% during the 2nd quarter. WINTON GROUP Ltd now owns 594,804 shares of the real estate investment trust’s stock valued at $5,895,000 after acquiring an additional 325,309 shares during the period. 73.97% of the stock is currently owned by institutional investors.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be paid a $0.1775 dividend. This is a positive change from Lexington Realty Trust’s previous quarterly dividend of $0.18. This represents a $0.71 dividend on an annualized basis and a dividend yield of 6.81%. The ex-dividend date is Thursday, December 28th. Lexington Realty Trust’s dividend payout ratio is currently 241.38%.
Lexington Realty Trust Company Profile
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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