Analysts Expect Lexington Realty Trust (LXP) Will Post Earnings of $0.25 Per Share

Wall Street brokerages expect Lexington Realty Trust (NYSE:LXP) to report $0.25 earnings per share (EPS) for the current fiscal 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 posted earnings of $0.24 per share in the same quarter last year, which would indicate a positive year over year growth rate of 4.2%. The business is scheduled to announce its next quarterly earnings results before the market opens on Tuesday, February 27th.

According to Zacks, analysts expect that Lexington Realty Trust will report full-year earnings of $0.96 per share for the current year, with EPS estimates ranging from $0.94 to $0.96. For the next year, analysts anticipate that the business will report earnings of $1.01 per share, with EPS estimates ranging from $1.00 to $1.03. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Lexington Realty Trust.

A number of research firms recently weighed in on LXP. Zacks Investment Research upgraded Lexington Realty Trust from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Thursday, October 26th. Evercore ISI downgraded Lexington Realty Trust from an “outperform” rating to an “in-line” rating in a research report on Monday, December 11th. Jefferies Group reaffirmed a “hold” rating and issued a $11.00 target price on shares of Lexington Realty Trust in a research report on Tuesday, October 24th. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Lexington Realty Trust in a research report on Tuesday, November 28th. Finally, ValuEngine downgraded Lexington Realty Trust from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. The company has an average rating of “Hold” and an average target price of $10.95.

A number of institutional investors and hedge funds have recently modified their holdings of LXP. Schwab Charles Investment Management Inc. boosted its holdings in Lexington Realty Trust by 2.6% during the third quarter. Schwab Charles Investment Management Inc. now owns 2,753,701 shares of the real estate investment trust’s stock valued at $28,143,000 after purchasing an additional 69,278 shares in the last quarter. RMR Advisors LLC raised its stake in shares of Lexington Realty Trust by 17.7% in the third quarter. RMR Advisors LLC now owns 399,058 shares of the real estate investment trust’s stock valued at $4,078,000 after acquiring an additional 60,000 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Lexington Realty Trust by 98.4% in the third quarter. Public Employees Retirement System of Ohio now owns 71,813 shares of the real estate investment trust’s stock valued at $734,000 after acquiring an additional 35,611 shares during the last quarter. Forsta AP Fonden raised its stake in shares of Lexington Realty Trust by 65.7% in the third quarter. Forsta AP Fonden now owns 174,800 shares of the real estate investment trust’s stock valued at $1,786,000 after acquiring an additional 69,300 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Lexington Realty Trust by 1,048.1% in the third quarter. SG Americas Securities LLC now owns 166,334 shares of the real estate investment trust’s stock valued at $1,700,000 after acquiring an additional 151,846 shares during the last quarter. 73.90% of the stock is owned by hedge funds and other institutional investors.

Lexington Realty Trust (NYSE LXP) traded up $0.17 on Friday, reaching $8.27. The company’s stock had a trading volume of 1,250,000 shares, compared to its average volume of 1,029,292. The firm has a market capitalization of $1,990.13, a price-to-earnings ratio of 30.63, a price-to-earnings-growth ratio of 2.05 and a beta of 0.85. Lexington Realty Trust has a 52 week low of $8.05 and a 52 week high of $11.42. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.19 and a current ratio of 0.19.

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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.

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

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