Jefferies Group Comments on Lexington Realty Trust’s FY2018 Earnings (LXP)

Lexington Realty Trust (NYSE:LXP) – Research analysts at Jefferies Group decreased their FY2018 earnings per share (EPS) estimates for shares of Lexington Realty Trust in a note issued to investors on Tuesday. Jefferies Group analyst J. Petersen now anticipates that the real estate investment trust will post earnings of $1.00 per share for the year, down from their prior forecast of $1.01. Jefferies Group currently has a “Hold” rating and a $11.00 price objective on the stock.

Several other equities analysts have also issued reports on LXP. KeyCorp reaffirmed a “hold” rating on shares of Lexington Realty Trust in a research report on Sunday, September 24th. DA Davidson initiated coverage on Lexington Realty Trust in a research report on Monday, September 25th. They issued a “neutral” rating and a $10.75 price target for the company. Zacks Investment Research raised Lexington Realty Trust from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Thursday, October 26th. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Lexington Realty Trust in a research report on Tuesday, November 28th. Finally, Evercore ISI lowered Lexington Realty Trust from an “outperform” rating to an “in-line” rating in a research report on Monday, December 11th. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. The company has a consensus rating of “Hold” and an average price target of $10.79.

Lexington Realty Trust (LXP) traded down $0.05 on Wednesday, hitting $9.17. The stock had a trading volume of 1,024,000 shares, compared to its average volume of 1,020,720. 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 stock has a market cap of $2,220.00, a price-to-earnings ratio of 31.62, a PEG ratio of 2.29 and a beta of 0.97. Lexington Realty Trust has a 12-month low of $9.00 and a 12-month high of $11.42.

Lexington Realty Trust (NYSE:LXP) last posted its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. The firm had revenue of $97.70 million during the quarter, compared to analyst estimates of $97.71 million. Lexington Realty Trust had a return on equity of 5.29% and a net margin of 17.96%. Lexington Realty Trust’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.28 EPS.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Adviser Investments LLC bought a new stake in Lexington Realty Trust in the 3rd quarter worth about $109,000. Riverhead Capital Management LLC increased its holdings in Lexington Realty Trust by 86.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 13,784 shares of the real estate investment trust’s stock worth $137,000 after buying an additional 6,384 shares in the last quarter. Ingalls & Snyder LLC bought a new stake in Lexington Realty Trust in the 3rd quarter worth about $140,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Lexington Realty Trust by 10.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,984 shares of the real estate investment trust’s stock worth $148,000 after buying an additional 1,460 shares in the last quarter. Finally, Cipher Capital LP bought a new stake in Lexington Realty Trust in the 3rd quarter worth about $155,000. Institutional investors own 73.93% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were issued a $0.1775 dividend. This represents a $0.71 annualized dividend and a yield of 7.74%. This is an increase from Lexington Realty Trust’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Thursday, December 28th. Lexington Realty Trust’s dividend payout ratio (DPR) is presently 244.83%.

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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.

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

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