Equities research analysts expect Lexington Realty Trust (NYSE:LXP) to announce sales of $97.97 million for the current quarter, Zacks reports. Four analysts have provided estimates for Lexington Realty Trust’s earnings, with the lowest sales estimate coming in at $90.50 million and the highest estimate coming in at $104.94 million. Lexington Realty Trust reported sales of $95.33 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.8%. The firm is scheduled to announce its next earnings results on Wednesday, March 7th.

According to Zacks, analysts expect that Lexington Realty Trust will report full year sales of $97.97 million for the current fiscal year, with estimates ranging from $356.14 million to $394.41 million. For the next financial year, analysts anticipate that the business will report sales of $398.37 million per share, with estimates ranging from $369.43 million to $435.94 million. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Lexington Realty Trust.

Lexington Realty Trust (NYSE:LXP) last released its earnings results on Tuesday, November 7th. The real estate investment trust reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The firm had revenue of $97.70 million during the quarter, compared to analysts’ expectations of $97.71 million. Lexington Realty Trust had a net margin of 5.44% and a return on equity of 1.24%. The business’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.28 EPS.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Lexington Realty Trust from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. DA Davidson assumed coverage on shares of Lexington Realty Trust in a research note on Monday, September 25th. They issued a “neutral” rating and a $10.75 price objective for the company. Evercore ISI cut shares of Lexington Realty Trust from an “outperform” rating to an “in-line” rating in a research note on Monday, December 11th. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Lexington Realty Trust in a research note on Tuesday, November 28th. Finally, KeyCorp restated a “hold” rating on shares of Lexington Realty Trust in a research note on Sunday, September 24th. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Lexington Realty Trust presently has an average rating of “Hold” and an average price target of $10.79.

Lexington Realty Trust (NYSE:LXP) traded down $0.28 during trading hours on Wednesday, reaching $9.34. 1,439,300 shares of the company traded hands, compared to its average volume of 1,061,667. Lexington Realty Trust has a 1 year low of $9.00 and a 1 year high of $11.42. The firm has a market cap of $2,310.00, a PE ratio of 32.21, a P/E/G ratio of 2.38 and a beta of 0.97. 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 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 boost from Lexington Realty Trust’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 7.60%. Lexington Realty Trust’s dividend payout ratio is currently 244.83%.

Several hedge funds have recently made changes to their positions in LXP. Schwab Charles Investment Management Inc. increased 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 worth $26,603,000 after purchasing an additional 892,164 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Lexington Realty Trust by 10.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,984 shares of the real estate investment trust’s stock worth $148,000 after purchasing an additional 1,460 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Lexington Realty Trust by 48.1% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 36,035 shares of the real estate investment trust’s stock worth $357,000 after purchasing an additional 11,696 shares in the last quarter. Pacad Investment Ltd. increased its position in shares of Lexington Realty Trust by 53.7% during the 2nd quarter. Pacad Investment Ltd. now owns 14,600 shares of the real estate investment trust’s stock worth $145,000 after purchasing an additional 5,100 shares in the last quarter. Finally, Swiss National Bank increased its position in shares of Lexington Realty Trust by 2.4% during the 2nd quarter. Swiss National Bank now owns 359,100 shares of the real estate investment trust’s stock worth $3,559,000 after purchasing an additional 8,500 shares in the last quarter. Institutional investors own 73.93% of the company’s stock.

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

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